Results 17,881-17,900 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: And the bonus system, how did that filter down to staff ... we'll say, down the line? What bonus system was there for them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: So everyone basically ... if their own portfolio was going up, everyone gained a share of the pie.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: And clearly up to 2007 and 2008 that was the case.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: Can I just ... the final question I want ... you were a member of the group board from what period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: Was risk ever discussed at the board level?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: And was it discussed in terms of the exposure to property?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: Did you make your views known on it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: How ... for the ordinary person looking in, Mr. Forde, how can you justify that statement?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: Well, with due respect, right, it's very easy to say that "I'm sorry and it shouldn't have happened". The bottom line here is that the Irish taxpayer ended up putting €20 billion into AIB. I believe that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: No, no, I am making a point.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: I want to know why you didn't raise this issue. How can you justify not raising an issue when the loan portfolio-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: Can you go through between the period of '02 and, we'll say, '09 ... or '08?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Kieran O'Donnell: The question is, when the loan portfolio went up so dramatically, are you saying to me that during that entire period you never ... it never arose ... discussed ... raised the issue of the exposure on risk with the loan portfolio under your direction?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Kieran O'Donnell: I welcome Mr. Duffy and his colleagues. Mr. Duffy mentioned three components of mortgage pricing - cost of funding, the overhead costs of the bank and the cost of risk.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Kieran O'Donnell: In respect of the cost of funding, will Mr. Duffy state the reason the one year fixed rate for new customers at roughly 3.5% is lower than the variable rate, which ranges from 3.85% to 4.25%? That would not be the norm. Why is the fixed rate lower than the variable rate?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Kieran O'Donnell: Does that indicate that AIB expects the rates to come down? Ultimately, banks effectively make the fixed rate higher than the variable rate to factor in some element of risk. The fact is that one can get a loan on a fixed rate of interest at a price ranging from 3.5%. The lowest differential is 0.75%. Is it fair to say that AIB expects the rate to come down?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Kieran O'Donnell: AIB has priced the existing customer rate at 4.15% and the fixed rate at 4.15% as well. There is no difference between the fixed and the variable rates. The cost of funding has definitely come down. Am I correct that in January 2015, AIB raised €750 million at a cost of 0.625% and in March 2015 the bank raised €500 million at 1.375%? Both rates are a good bit lower than the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Kieran O'Donnell: Mr. Duffy will appreciate that for the ordinary person, that could make the difference between having €400 per month extra, which would amount to €800 in the next two months.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Kieran O'Donnell: It is enormously significant to them.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Overview of the Banking Sector in Ireland: Allied Irish Banks (22 Apr 2015)
Kieran O'Donnell: Does Mr. Duffy accept that, on the face of it, it comes down to AIB's cost of funding and the way the bank has raised money? In 2014, AIB raised money at 2.33% and 2.75%, raising a total of €1 billion in the two bids. In 2015, AIB has raised a total of €1.25 billion, of which €750 million was raised at 0.625% in January and €500 million was raised at 1.375% in...