Results 22,981-23,000 of 35,959 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: So how do you believe ... how do you view the advice and analysis that you are receiving from your Department, ranking it against the ... your European peers? And what's your assessment of the capacity to evaluate policy alternatives and risks internally without the need to engage external consultants now?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Let's take the conversation you had with Deputy Higgins in terms of your conversation with Mr. Trichet where he pointed out, as you say, you were taken aback or you were stunned a wee bit at this, which was his reference to the Irish financial service centre and not being able to get funding.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Can I just finish, sorry?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Sorry, I need to ask the question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: I need to ask the question. In relation to what Mr. Trichet said in relation to the Irish financial service centre, was there advice provided to the ... by the Department to you for the Government decision that covered this area or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Was there advice given on that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Was he ... was Mr. Trichet right?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Did you seek advice afterwards?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: And was he ... was this-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Okay. In relation to ... can you just outline ... you talked about the two phone calls that you've had with Mr. Trichet during that period - during that day it was. What other engagements did you have with Mr. Trichet in relation to the burning of bondholders, before or after?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Specifically on the burning of bondholders, unguaranteed bondholders.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Okay. So six weeks after you got this phone call from Trichet, which altered your speech to the Parliament, you announced on RTE - in Washington - that you were going ... the Government was going to pursue the burning of bondholders in Anglo Irish Bank and Irish Nationwide, with the consent of the ECB. You’re just after telling us that you didn’t discuss with Trichet after...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Yes, but that’s not the question I’m asking about the promissory note at all at all. I’m asking you about your public statement, which was I think in Washington, and you did an interview with RTE and all of this is on the record, where you talked about that the banks are no longer normal entities and more like warehouses, in that context you would be going to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: I am not talking about ... with respect, I’m talking about bondholders.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Can I ask you in relation to testimony that we’ve had from Mike Aynsley at the inquiry here, and this is in relation to your Department and yourself? He said in evidence to the committee: I was shocked in January 2013 when I received an email memorandum from one of my direct reports at the Bank who had a detailed discussion on recovery activities with a DoF official. [...] The email...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Minister, we have a very serious job to do in this committee and it’s always in the last session, in the last public session it’s maybe good to crack the odd joke or all that but €100 million isn’t something-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: No, no, with respect, if you again let me finish my question. The e-mail correspondence from an official within IBRC to Mike Aynsley documents a conversation with a Department of Finance official. I would suggest to you that this is a bit more than dúirt bean liom go ndúirt bean léi. It talks about €100 million of an asset to be sold by IBRC for a value of less than...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Okay. Finally, and I understand the e-mails will be given to the committee and I’m sure we can look into the individuals then at that stage, or whoever needs to see them. In terms of what has been reported in the Irish Independent, I believe, earlier this year, in relation to Governor Honohan’s view of subordinated bondholders in the liquidated IBRC, can I ask you did you take...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Pearse Doherty: Okay, go raibh maith agat.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Pearse Doherty: Go raibh maith agat agus fáilte ar ais chuig on choiste. Can I ask you, Mr. Ahearne ... or Dr. Ahearne, you mention in your statement, "Asset management companies like NAMA have been used in many countries ... to facilitate bank restructuring and to manage and dispose of troubled assets." Can you comment on the different structures and mechanism used in other countries and, in...