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Results 3,101-3,120 of 14,090 for speaker:Marc MacSharry

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

Marc MacSharry: Okay, so would it be street sense as opposed to the Institute of Professional Auctioneers and Valuers, or-----

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

Marc MacSharry: ---chartered surveyors, or any of those?

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

Marc MacSharry: Okay. And that's better or worse, do you think?

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

Marc MacSharry: I just ... I wasn't clear, so I'm asking it again.

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

Marc MacSharry: If competitiveness got in the way, the practice became, "We'll leave the valuation out"; would that be-----

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

Marc MacSharry: All right, okay.

Seanad: Action Plan for Jobs: Motion (29 Apr 2015)

Marc MacSharry: I welcome the Minister and offer him best wishes in his ongoing work in his Department. We are all in his corner in the sense of what he is trying to do. When we were in government the congratulatory Private Member’s Bills introduced used to crack me up. I do not blame any Senator because I know this has come from on high, from some official in the Department. The Minister probably...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: Thanks very much. During your tenure as CEO, Mr. Sheehy, how much time would the board have allocated to strategy and business model development and its monitoring, as opposed to other work?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: And at no time was it identified, say going back to the Jim O'Leary issue mentioned earlier, to say that look we are over-focusing. You yourself earlier said that you were happy enough up to early 2008. Were there anybody around the table during the period that said "Look"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: And following that then, was there any specific actions taken to cool the AIB pursuit of more enthusiastic lenders, let's say?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: But didn't, as we know. Can I ask ... you mentioned that you were a branch manager for a period of years in your career. Can I ask, would you have had targets for lending when you were a branch manager?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: I get the picture, so there was targets?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: Would your remuneration be reflected by your performance versus those targets?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: Okay, so as CEO, would branch managers have lending targets?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: No, it's okay, I just need yeses and nos. It is a very specific line of questioning.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: In reality, and I appreciate that there was this approach, were there targets given to branch managers which manifested themselves in volumes of money lent?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: I didn't say they did and the question is not in relation to underwriting. The question is relating to ... are there volume targets?.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: No, are there volume targets specific to lending for branch managers?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: So how do you measure the performance of a branch?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Marc MacSharry: You mentioned the model there that you had ... What I'm trying to say-----

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