Results 18,601-18,620 of 26,053 for speaker:Kieran O'Donnell
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Can I then go back to the European Central Bank, ECB?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: The Professor's role is Governor of the Central Bank of Ireland and he is our representative on the ECB. Is it fair of me to state the Governor is the representative of the ECB in Ireland?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Is the ECB aware of that?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: In a final point, would the Governor encourage the ECB, in his role as the Irish representative?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: I will phrase it in another way. Does the Governor anticipate that the ECB will look favourably on the inquiry and will appear before the committee?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: I thank the Governor.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Physically when the money went in, the €64 billion, physically----
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: Where did that go?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: That is what the person out there who has gone through six years of extreme difficulties wants to know. Where did that go?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: So it went to bondholders.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Kieran O'Donnell: When the banks came knocking at the door in terms of ELA funding and funding from the Irish State, why were they doing it and who were they looking to get the money to use?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: Did Mr. Wright get the opportunity to look at any years? Clearly, that is the critical element. His report states that what was brought by the officials was relatively prudent and then every year, apart from 2003, over a ten-year period, the budget was far in excess of what was being proposed by officials. Looking over that ten year period, does Mr. Wright believe the way the economy was...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: Does Mr. Wright think it would be a worthwhile body of work for this committee to examine what made up the differentials between what the officials would have proposed to the Minister and what we had on budget day? Clearly, it is the area that fuels in terms of fiscal overspend.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: Can I reword the question?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: What is the most critical element?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: Can I just go back to one issue, the budget packages graph, which was on page 22, and the difference between what the officials would have brought to the Minister in June with the framework and what effectively would happen on budget day itself? Did you get the opportunity to look at what were the additional measures brought in on budget day? One thing that is striking is that up to April...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: Interest relief on borrowings was allowed against rental income. That was basically disallowed for the years 1998, 1999, 2000 and 2001. Then in the 2002 budget and the Finance Act 2002, it was reintroduced at 100%. That obviously fuelled a further bubble, and it just so happened to coincide with an election year. Did you get the opportunity to look at what exactly filled that wedge? That...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: Over those ten years, was it fit for purpose? Over the period covered by Mr. Wright in examining what happened in 2008, when taxpayers were lumbered with €64 billion, can the witness in all faith state that the Department was fit for purpose?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: On point 13 on page six, the report states, "We have been direct in our analysis and advice, but do not accept the notion that the Department is not fit for purpose."
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)
Kieran O'Donnell: Over the ten years leading up to 2008, does the witness believe the Department was fit for purpose?