Results 24,701-24,720 of 36,054 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: So they existed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: Okay. Did you apply them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: But if somebody breached them you would write to them, flagging up that you've breached the guidelines?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: Okay. And did you write ... did you write to firms within the Irish Financial Services Centre to ... on all occasions, if there were occasions, where they breached those guidelines as well?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: Okay. You've told me that there was no two-tier regulatory system, we're correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: You told me that ... concentration limits existed when you were in 2003, but now you're telling me that they only existed for domestic banks and not for the IFSC-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: So that seems to me that there is a two-tier regulatory approach here.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: We're well aware of that; we understand.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: So there was, okay in that sense there was a two-tier system. How much of your time was spent promoting Ireland's financial services sector proportionately?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: On your monthly hours that you put in, would it be 5%, 10%, 20%, less, more?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: Less than 2%, okay. Were there any pressures applied to the Financial Regulator's office to maintain a more favourable view of the Irish banking and financial services sector?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: Was there any pressures applied to have a more favourable view? Was there pressures applied from politicians, from industry, from constructions developers, from friends, from people that you might have been out golfing with, any of that stuff?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: Never a pressure put on you in terms of more favourable approach? Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: In relation to, just to clarify this here, in relation to your own relationships, did you have any personal relationships with senior bankers of financial institutions that you would be regulating, none of those kind of social events that you ... you know ... outside of your duty?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: Can you explain the term "constructive ambiguity" and how it impacted and supported your tenure in the role of Financial Regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: Okay. I just want to ask a question here because I noticed you mentioned the FX trading scandal or the overcharging in AIB, which was exposed to the public by very valuable reporting done by RTE in 2004. There has been evidence given to other committees in this House. I'm not sure ... I don't think you have ever been before them but given you're here under oath, was there ever a suggestion...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: I just want to clarify this here because it is in our evidence books in terms of the report of the overcharging. It says a whistleblower informed the Financial Regulator in, I think, it was May 2004. The question I want to ask you just particularly is: did a whistleblower or an internal auditor from AIB make you aware of issues in terms of overcharging in this form in 2011 and 2012?...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: In 2001, sorry, in 2001 and 2002. There were meetings with yourself in 2001 and two meetings in 2002.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: No. Okay. The minutes of the meetings, do you have access to the minutes of those meetings?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Pearse Doherty: Okay. I assume that the committee can get access to those.