Results 4,201-4,220 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Would you have ever have had funding requests declined by financial institutions?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: At the height of activity, or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Sure.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: And was that down to the asset quality, or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: So it's a mystery.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Thanks. Welcome, Mr. O'Brien, thank you. Can I ask you ... Mr. Somers, sorry, it's that time of day isn't it. It's usually the Chairman that mixes up the names by the way. Can you comment on the NTMA's assessment of the domestic standing group's work when you joined it? What was your view on it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Your advice wasn't being sought on other matters?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Was there a very, kind of, pigeonhole situation to the domestic standing group that everyone had their pigeonhole and you didn't veer outside it or was there an open flow of information where people threw views around even if it wasn't their specific area?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: From the beginning of 2007 when you started?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: And was the data that they were getting, in your view, was it of a sufficient quality and accuracy to identify critical risks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: You mentioned earlier about never being happy or confident about Anglo. Is that correct, or is that fair to say?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: How far back did that view go with you? I mean, did it go back ten years, the '70s, six months?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Any undue risks, yes. So you felt that Anglo was a risk?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: And did you say this at the domestic standing group? Did you say, "Look, lads, we're not going near-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: And would they not have said, for example, "Look, Dr. Somers, what are you worried about? What's the problem? Are they not as good as AIB or Bank of Ireland or a credit union or whatever?"
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: I'm just trying to get a picture of ... were they saying ... you know, you were implying, "Look, I don't want to put money there". Were they blindly going, "Right so", without asking, "What's the problem?"
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Mr. McDonagh said you were not comfortable with the model of Irish Nationwide, either, would that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: You never gave them any money. And no credit line either, it seems.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Marc MacSharry: Had you the same kind of view of those?