Results 17,861-17,880 of 26,228 for speaker:Kieran O'Donnell
- 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: But you didn't request ... there was no request in the letter of 15 October?
- 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: Can I ask as well that ... there was a very dramatic moment in Ireland on 18 November, the day before you wrote the letter of 19 November were Governor of the Irish Central Bank, Professor Patrick Honohan, from Frankfurt rang our national broadcaster, RTE radio, to basically signal that Ireland would be going into a bailout. He was to attend a meeting of the governors, your ECB governors...
- 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: Correct.
- 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: No, before the meeting. The meeting was at 8.50 ... He came onto national ... he rang national radio, "Morning Ireland", RTE - It's a very well known radio programme, well respected - and he effectively asked to go on the airwaves and he announced ... we would appear, unbeknownst to the Irish Government that Ireland would be going into a bailout. The two questions I have: did you, as ECB...
- 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: Well. if you had ... You must have had a meeting very early in the. .. morning ... you must start very early in the morning in Frankfurt, Mr. Trichet.
- 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: No. It was a meeting. He rang from Frankfurt at 8 o'clock in the morning to the national broadcaster, RTE "Morning Ireland", to state that Ireland would be going into a bailout programme.
- 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: In the letter ... I'm quoting from the letter of 19 November. "As Patrick Honohan knows, [it's the second paragraph] the Governing Council has been asked yesterday to authorise new liquidity assistance which it did." The letter is dated 19 November so that is from - this happened on 18 November. Would you have told Professor Honohan, as Governor of the Irish Central Bank, that that was the...
- 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: You would provide no further ELA funding unless Ireland went 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: If Ireland had not gone into a bailout programme, what would have been the consequences, Mr. Trichet, for both Ireland and Europe?
- 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: One final question, Mr. Trichet. If on the night of the guarantee, the Irish Government and the Irish authorities had contacted the ECB and looked for approval to provide ELA funding, emergency liquidity assistance to Anglo Irish and Irish Nationwide Building Society for a period of a week, would ... what view would the ECB have taken in terms of nationalising those banks or an orderly...
- 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: You are saying that you were never contacted by the Irish Government or by the Irish Central Bank prior to the guarantee being put into place.
- 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: Correct. If you had been contacted prior to the guarantee, what view would you have taken in terms of assisting Ireland as a country in terms of a banking crisis?
- 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: But you would have been open to such an approach. You would have been open, you would have been receptive to such an approach from the Irish Government.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Thanks very much, Chairman. Welcome to Mr. Buckley and Mr. Sheehy. Mr. Buckley, can I just ask a question of your time? During your tenure, like a number of major control issues arose and you mentioned Rusnak, Faldor and the foreign exchange, the incorrect interest charges for offshore accounts. How would you reconcile that with the governance standards that you would have outlined...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: How would you explain that these three scandals arose at the time they were reported as such, arose in a ... over a two year period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: On that point, like, the Rusnak came to prominence in '02, Faldor case in '03, the foreign exchange rate setting came in '04.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: So I mean, I suppose to borrow an Oscar Wilde phrase, for one to happen would be unfortunate, two is careless. So clearly people were not taking account of the investigations that were going on in the other areas. So how do you finally account for that? And you might also explain to me as well in terms of property lending, that during your tenure, post '04, so '04 and '05, you had an...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: And that's significantly higher than your two main competitors at the time, Bank of Ireland, which was 24% and 23%, half of that amount virtually, and Anglo were at a figure of 35% and 38%. So you might explain how we have these sequence of events whereby you had these various defrauding of customers happening and, at the same time, '04 and '05, you had this rapid explosion in property...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: Could you move on to the loans then?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Kieran O'Donnell: You were significantly ahead of your competitors.