Results 4,661-4,680 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: So not to your knowledge, so therefore you know nothing.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: In terms of the top 25 exposures, were there any employees who had a stake in those self-same top 25 investments?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: In terms of the top 25 borrowers, were there ever any employees or board members or yourself or whoever party to those 25 exposures - the top 25?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Okay. How many of your own clients, who the society would have lent to, did you in any other capacity go into business with?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Okay. Was that a politician?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Was that a politician?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Would you like to tell the committee who it is?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: That's fine. When you ever invested, yourself, in anything, did you ever borrow from the society yourself?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Understood. Can I ask, in the event of you wishing to borrow on that, what way would it have been managed in terms of credit committees and underwriting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Would you step out?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Throughout your period of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: -----tenure, your relationship to Government or, you know, was the Minister for Finance of the day accessible to you as the head of a mutual or was there contact there? In particular, you had mentioned about appropriate representations being made to Government at the time to amend the section 102 of the Building Societies Act of '89. So, you know, what shape did that take? I mean, did you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Just very last question. In your tenure did the society lend to mezzanine or shelf companies abroad for the purposes of buying property here?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: That's all. Thanks very much. Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Thanks very much and thanks, Mr. Walsh, for being here. KPMG, in its view of the society's-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: KPMG, in its view of Nationwide's corporate governance structure ... I don't think it's me; we'll put it under here just in case. Take 3 - KPMG, in its review of Nationwide's corporate governance structure in November 2008, made numerous recommendations for improvement, including the development of strategic objectives, the introduction of formal strategic and financial planning process,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: And in other directorships that you would have hold - not going into the specific of any of those - would those sort of requirements have existed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Sorry, I don't mean to be interrupting; I get the picture. But let's say I was made a non-executive of the board, I mean, what was the process? "Sure he'll be grand. He'll be sound or here's the terms of reference. These are the memorandums of articles of association. Board meetings start at 10, they finish at 12." Or was it just ... was there a culture of everything is sound, we're...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Okay. Do you feel that the Central Bank and regulator unfairly fingered Irish Nationwide as a misbehaver?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: No, we spoke about the letter that had come from the regulator, and Mr. Fingleton earlier on had, kind of, taken issues with the contents of that letter, and you had said, for example, that you were convinced, in your opening statement, that the regulatory leadership that was required was to ensure a broader action across all financial institutions. You said that that leadership never came...