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Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: So you've taken no reduction of any form in your pension? ... I'll take that as a "Yes", as a "No" ... fine.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Can I ask the ... when you ... why did you retire rather than resign from Bank of Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Were you ... As part of your contract of when you retired was there gardening leave included in terms of going to other similar type financial institutions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: But you are now working with Apollo who are a company who are investing -----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Can I just go to ... on the night of the guarantee you stated that you left, as far as you were concerned that a blanket guarantee was being put in place for the six rather than the four institutions.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Now. AIB, Mr. Sheehy told us last night his understanding was it was just the four institutions.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: So can you tell me the circumstances and the meeting that took place, where your understanding was, who informed you that it would be a blanket guarantee involving all six of the institutions. What time was the meeting? Who was present at the meeting? Who directly informed you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Where all the banks there?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: There were only two banks there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: What time was that roughly?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Two o'clock in the morning, yes, came back into the room? Who was present in the room at that time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Who informed you? What was the circumstance ... how were you informed there would be a blanket guarantee of all six?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: And they said it was the six institutions.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: What response did the two banks give on the night?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: Did ye say ye agreed or disagreed with it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Kieran O'Donnell: One final question, one final question. If you had it back again, taking all the factors into account ... you were a banker of 40 years experience, what would you have done differently with Bank of Ireland?

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Kieran O'Donnell: We're all apologising today, Chairman.

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Kieran O'Donnell: I want to welcome Mr. Trichet to Ireland and can I just ... a couple of points on the bailout. The letter that you sent to Minister Brian Lenihan on 19 October 2010, and then the follow-up letter that you sent subsequently on the ... sorry, 15 October was the first letter and the follow-up letter of 19 November 2010, where you effectively requested the Irish government to seek a bailout, is...

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Kieran O'Donnell: Mr. Trichet, did you envisage in your letter when you wrote on 15 October ... did you envisage that Ireland would be going into a bailout?

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Kieran O'Donnell: When you wrote the letter to Minister Brian. Lenihan on 15 October, did you envisage that Ireland would be going into a bailout? Did you think Ireland would be going into a bailout?

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