Results 4,601-4,620 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: So there was obviously intense competition, there was other banks in, there was, you know, prices were going down, as you said margins were razor thin so, you know, was there a sense that other people were eating your lunch?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Did you feel at the time that you were ahead of the curve and that you could see the demise of the society that nobody else could?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: So, as the situation developed, did Eugene Sheehy's approach to Ted in December '06 you said, did the approach, you know, was it a kind of an Aer Lingus situation? Was the approach continuous for a year or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: -----more, or was it a one-off turn down and that was it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Okay, and that would have meant demutualising, all that kind of stuff-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: An EGM to ... of the members to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: In terms of the retail end of the banking, had you have much involvement in that, in terms of sales, product, product target development, and things like that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: A lot of the senior management and board executives from the other institutions have been in, and we've been asking them about that, about, you know, to what extent were staff, and I suppose, as you said, the granular level, the manager, the branch level, to what extent were they driven by targets, and, I suppose, demands from above, to sell more and lend more. Do you feel ... all of them...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Okay. But, I mean, was that the culture? I mean, were-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: And then they, in turn, would motivate the front-line staff.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: You said there "to be profitable within reason". Can you ever recall an incident where at board it would have been said, "Well, look we have enough profit there now"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Thanks. Just to take advantage of your career before EBS, if possible, and we've had much discussion here about the international accountancy standards, in particular, is it IAS 39?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Given your expertise in auditing, and, specifically on the banking side of that, with the benefit of hindsight, was this standard inadequate to the point where it just subverted the ability of financial institutions to plan for the future?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Very good, thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Nothing further.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Thanks very much, Chairman, and welcome to Mr. Gormley and Ms Harney. Can I just get this question out of the way first, this is for both of you: did you agree with the Exchequer and National Pensions Reserve Fund being used to recapitalise the Irish financial institutions? John, or Mr. Gormley, rather, first.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: You were, kind of, in a decision-making capacity, so-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: At party level, did you discuss different proposals or solutions to suggest to Government?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Yes, just on this-----