Results 41-60 of 246 for nama speaker:Kieran O'Donnell

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: ..., and you've been quite outspoken in terms of how future planning for building of houses and commercial ... the provision of commercial property and very much, a lot of that has been directed at NAMA. What would you ... what's the blueprint that you would like to see in terms of the next five years, as to what you believe should happen in terms of provision of housing throughout Ireland...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Kieran O'Donnell: And obviously, when you're giving that reply, integrate NAMA into your response.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: Can I go back ... Did NAMA contribute to Ireland ending up in a bailout programme?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Kieran O'Donnell: The perspective I am coming from is, in the time I have is that ... NAMA originally was ... the plan was 30% haircut discount. It ended up, basically, being nearly 60%, nearly €19 billion extra of losses. You had to bring out a new, we'll say, bank plan on 30 September, just literally a month and a half before you applied for the bailout programme. In essence, is it fair comment to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: Okay. Thank you. Can I go on to ... The evidence presented by NAMA to the inquiry referred to the interest roll-up of €9 billion on acquired loans, lending backed by paper collateral only, no equity, substantial issues relating to varying degrees of due diligence, and debtors' borrowing across the institutions. Can you please comment on the circumstance that resulted in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: No, the question I'm saying ... you wanna let me ... let me put it the way I'd like to put it. The ... when it came around and the ... the PCAR test was done in NAMA in March 2010. That gave rise ... in the follow-up, that gave rise to significant haircuts.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: And, on NAMA, in your statement you referenced that ... the transfer of loans based on a discount on a broad stratified sample of loans for each bank, which I'm assuming is linking in to what was the original business plan, which is a 30% discount.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Kieran O'Donnell: And, I suppose, finally, if NAMA hadn't been established ... hadn't been set up or the haircuts were much lower, could we have avoided a bailout?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Kieran O'Donnell: Sorry, apologies, Chairman. Apologies. Well then, can I just go back. Was the NAMA-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Kieran O'Donnell: The lead up to that, if NAMA had not been established, and if the haircuts weren't double what they were expected to be in NAMA, was NAMA the lightening rod for the international markets to look in and say, "Ireland as a country cannot afford to bail out the banks to the level that it's expected to be bailing them out."? It made our bond yields go through the roof and it precipitated us...

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Welcome back, Mr. Cardiff. Could you elaborate ... on page 23 of your own statement where, speaking about NAMA, when Dr. Bacon and the NTMA presented a proposition they had been working on to the Minister for Finance, it came as something of a shock to the Minister and to the Department of Finance officials. Can you just elaborate on that - your views at the time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Sorry. The ... my apologies. The amount that NAMA ended up paying, which was around €42 billion, which was nearly a 60% discount, was equivalent to 30% discount on €150 billion, was there any coincidence they ended up both being the same figure, more or less?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: And that meeting that took place with the ... the NAMA proposal was considered at a meeting with a large attendance at which the Taoiseach presided. Who would've been at that meeting and were you asked for your own opinion on NAMA and what was your view on NAMA at the time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: Just one. Okay. Can I take it that the fact that the original NAMA draft plan was based on a 30% discount, which would have been the ... the ... NAMA paying around €54 billion for €77 billion of gross loans and that ended up ... that NAMA paid over €20 billion less. So for €74 billion they ended up paying €32 billion, so, instead of a 30% discount, it was...

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Kieran O'Donnell: ...... [to] a particular direction". Did the ECB and Mr. Trichet play fairly with Ireland, both in terms of the guarantee and the bailout? And did they have a ...I suppose, did they simply advise in terms of NAMA as well?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: I suppose the question I'd ask is if NAMA was an option, would Ulster Bank be in a healthier position today?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Kieran O'Donnell: But if NAMA had of been an option, you would have taken it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Kieran O'Donnell: Thanks, Chairman. Can I deal with NAMA? I suppose I want to put a question to both of you. If Anglo and Irish Nationwide were not involved would there have been any need for NAMA? I pose that question on the basis that of the par values, Anglo and Irish Nationwide make up 58%, of the discounted values they make up 53%, of the top 29 of the borrowers they account for ... the top 29 account...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Kieran O'Donnell: I'm dealing, Chairman, with NAMA C4, Vol. 2.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Kieran O'Donnell: ...million back, and Anglo and Irish Nationwide made up 82% of that pull-back. So the question I'm asking really is, is that if Anglo and Irish Nationwide were not there, would there have been a need for NAMA?