Results 25,741-25,760 of 36,066 for speaker:Pearse Doherty

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: You do. You explained the risk policy and that's on the record.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay. Because-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: No, no, that's okay. I'm just trying to clarify it because you give evidence in terms of the risk policy committee and so on ... that you had no part in that which is very clear. But you did have responsibility in relation to overseeing the policies-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: -----that were in place.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: And in relation to the loan to value policy that AIB had in place around the period of 2007 and 2008, do you agree with the statements from Mr. Frank Daly and Mr. Brendan McDonagh yesterday, that in the ... in most cases ... in many cases, that it was actually 100%?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Would-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: The point that he makes is that, rarely if ever was it in the form of cash when they talk about the developers putting equity in place, and that's from Frank Daly's yesterday's testament.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Can I go to AIB B2, Vol. 1, page 35? And this is a request for approval of exception to the group large exposure policy limits. In relation to those policies - it'll come up on screen in a second, but just before I deal with the document - in relation to the policy documents, how extensive would they be? How many pages would they go in? How ... what kind of document are we looking at?...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Yes, I'm saying in relation to the document that would go to the board, how extensive would the documentation be?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay. Okay. So what we're seeing here ... we have a three-page document here with a note at the bottom of it which says, "only pages 1 to 3 were" ... "only 3" ... "only pages 1 to 3 were circulated to the board".

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: This is a request for approval of exception to the large group ... large exposure-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: -----policy limits.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: No, no. And in relation to the request?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: And the board only got the three pages in this case?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: And would that be the normal situation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay. Okay, in relation to this case. Let's just walk through this case in particular-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Yes.