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Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Mr. Beggs?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Now, Mr. McArdle. Chairman, I want Mr. McArdle to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: I was waiting, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Just a very quick point, Mr. McLaughlin. You made reference to about commercial ... you know it was mainly commercial property brought about the major losses. Would commercial property include land that was owned for residential? The point really I suppose-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: And I think my ... just a point of correction like ... some of those landbanks were residential landbanks, that's basically the point-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: So it's not purely commercial, in the strictest sense but they-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: They were still looking at building houses on that patch of land.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Okay, thank you. Can I ... I accept that but it's just a point. Can I just ... a very quick question. You made reference to it earlier but I want to ask all three, Mr. McLaughlin. If the liquidity crisis hadn't been as severe as it was, where would Ireland's banking sector have ended up? And build into that, you speak about soft landing, right? You might just tell us-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Well, they are interrelated. Where would it have gone?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: And do you believe if it hadn't happened, that the State would have had to put money into ... taxpayers' money into the Irish banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Okay. Mr. Beggs?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Mr. McArdle. And define what you mean by soft landing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: You are becoming a contrarian, Mr. McArdle -----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: Do you believe the taxpayer would still have been putting into the Irish banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Kieran O'Donnell: And Mr. Beggs, do you think the taxpayer would have been putting money into the Irish banks?

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

Kieran O'Donnell: Thanks, Chairman. Welcome, Mr. Boucher. Mr. Boucher, in the bank's strategy between '04 and '09 you were looking at an earnings per share growth of 15% per annum. And was that very ambitious in the market that you were operating in?

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

Kieran O'Donnell: Can I go back? You took over as CEO of retail banking in Ireland on 1 January 2006, is that correct, Mr. Boucher?

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

Kieran O'Donnell: And within that position, you would have been in charge of property and construction loans within the bank. Would I be correct that loan-----

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

Kieran O'Donnell: What area would you have been in charge of?

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

Kieran O'Donnell: Okay.

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