Results 23,141-23,160 of 35,959 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: Go raibh maith agat agus fáilte. Can you comment on the reasons why, in your opinion, the chairman indicated that he would be discussing with the executive directors "how the Board might add more value to [the] business operations"? This was noted in the board minutes of the meeting dated 20 April 2004. You can find it, I think, on page 4 of the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: -----core Vol. 1.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: Mr. Went, on 27 July 2005, you wrote a file note in relation to the conversation you had with Brian Patterson of IFSRA and Pat Neary in relation to the 100% mortgages. What was your view on the issuance of the 100% mortgages?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: The file memo is to be found on page 70 of core 1-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: Page 71.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: The question is - what was your view to the issuance of 100% mortgages?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: Are you aware of any other bank or institution that held similar views to your own and did you have any conversations with them about this?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: Yes, can you tell us what Brian Patterson's and Patrick Neary's views were on this issue when ... in your conversations with them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: First Active, is it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: In your note with ... on your conversation with Brian Patterson at the Irish Times Trust board meeting-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: The Irish Times board meeting, sorry, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: You say that the regulator had no legal powers to prohibit particular products; they do have general prudential powers, including the threat to impose ... including the threat of the imposition of incremental capital. You go on to say what IFSRA need to do was to have the courage of their convictions on any particular issue. What do you mean by that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: No, the powers are ... the courage of their convictions - what do you mean by that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: Did you have the courage of your own convictions when it came to your own bank and deciding whether to introduce 100% loan-to-value mortgages?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: But even though you were fit to be tied, even though you thought this policy was a disaster, even though that this policy provided no risk to the customers and so on and so forth - even though you lectured the Financial Regulator with not having courage of their convictions - you went ahead and stuck your hand in the fire because First Active were ... had their hand in the fire.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Pearse Doherty: But other banks ... did all ... did ... other banks decided not to do this. Some institutions decided not to do this.