Results 4,001-4,020 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Thanks very much and thanks Governor again. Just on that point so, what was the impact among colleagues in the ECB after you had done this? Was this something they were pleased about, did they say "Well done Governor for doing that?"
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Was that a reasonable insinuation or complexion for people at home to draw? That the Governor was over for the ECB meeting and pressure was applied and off he went-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Can you describe the respective roles of the Irish authorities in the shaping of the implementation of legislative change in respect of bank regulation? And how has this changed during your tenure?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: And on the issue of mortgage arrears, which you have highlighted as an issue that still lingers as something that more needs to be done on, while there's no legislative change during the period, there's codes of conduct and so on, what agency, in your tenure, has provided the leadership in what ought or should be done with regard to that issue?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Okay. As opposed to Government?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Okay and just on that mortgage arrears issue, was the engagement with banks and the drawing up of insolvency legislation and the efforts to deal with this issue, did it deal predominantly with simply telling banks "sort out your problem", or did it take any position in defining what forbearance should look like or what tools should be used, what suite of tools should be used by individual...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Is there data on the amount of use?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: You say it is quite a lot, is it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: How does one underwrite a split mortgage?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Is the criteria for that in any way determined by the Central Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: But there is nothing say, throughout the period, to have told the bank, "Look, focus more on the consumer." It's just get your money as quick as you can and get on with it.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Should they have had input in that regard?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Yes it is.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Could more be done by yourselves in the Central Bank in that regard, in terms of the design of tools and who is getting looked after and who isn't, to put it crudely?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Okay. Just two other very last questions. Did the Minister share your opinion of the urgency of entering the programme?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Did you feel he was battling other political entities either within his party or the Government to try and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Finally, during the period from when you took over, what was your sense of the performance of the Taoiseach and the Minister of Finance? For example, was it assured, confident, in control or did you have a sense that it was incoherent and disorganised? Indeed can I just put a second point to that; what was the impression of your colleagues in the ECB and around the meetings over there, of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Marc MacSharry: Thanks very much. I think Deputy Doherty has covered most of the specific questions that we'd agreed to ask. Just to follow on slightly from the soft landing, was there ever a forum internally where assistant secretaries, senior principal officers would sit down and say, "Okay, the consensus from the IMF and the ESRI and the OECD and various other people and the data and, indeed, our own...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Marc MacSharry: In the absence of the general advice council that operates now internally, were the various divisions a set of pigeonholes that didn't, perhaps, interrelate to the extent that they should?