Results 2,961-2,980 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Marc MacSharry: As Ms Hunt is on the research side, in her objective view, did it add any element of recklessness to the market? Individuals could involve themselves at very minimal risk because of the numbers of people in a syndicate. They could get involved in a small way in what happened to be a big syndicate and were therefore driving a market without any identifiable direct impact on themselves.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Marc MacSharry: Was its impact reckless or positive in Ms Hunt's view?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Marc MacSharry: Were syndicates in other countries regulated?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Marc MacSharry: Is there regulation of syndicates in Ireland today?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Can I interrupt, Chairman? Have we got this statement?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Where is it? Is this the statement that you have provided?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And have we a copy, no?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: No problem.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And it's Michael D'Arcy.....Thanks very much, Mr. Gleeson, for being here. How did the establishment of the chairman's committee in 2004 impact on the authority of the board and what was the rationale behind the restructuring in that regard?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: The point I want to get to in particular-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: So, when exposures were being increased or there were a decision maybe between one particular borrower, did that come to this committee or did it go to the board?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: But typically-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Okay, so, how many times would you think that you would have made exceptions at that committee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Well say in those years, I mean, how many-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Roughly, yeah.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And would that be typically ... without mentioning names, give me one example, say, of, developer A-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: So when you took these decisions, were they routinely second-guessed then by the broader board or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Okay, so, did the board ever have to take the decision to lend somebody money or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And how big ... what level, that'll end up in the board-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Is there any instance where the board decided "No, we're not going to do that".