Results 6,461-6,480 of 7,975 for speaker:Joe Higgins

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Were other representations made by Bank of Ireland for ... in relation to developers?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Why was it made in this case?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: I'm sorry, Mr. Boucher?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Chairman, can I ask you to explain, to the people out there listening, to explain the immunity issue? In response to a question I put to Mr. Boucher he says, "I don't have the immunity that members of the committee", but at the beginning you said, "The witness has absolute privilege", I think, so-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: I think it should just be explained to people who are listening to us.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: So, what's the value of saying to people that the witness has absolute privilege if he hasn't?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: I know, but any witness can then come and say, "Sorry -----"

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Mr. McCarthy, in your opening statement that you presented in written form to the inquiry on page 4 you say in 2003, that Ulster Bank contributed €350 million profit to the Royal Bank of Scotland and then you contrast that with €1 billion profits in Allied Irish Banks and €1.17 billion at Bank of Ireland. And then you say, "On this basis the enlarged [Ulster Bank]...

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Yes. But you then go on and give information in your statement in relation to loans to customers between 2004 and 2007 and Ulster Bank, which you were in charge of, extended a loan increase of 172% for the four years. Now, Patrick Honohan, the Governor of the Central Bank, writing in the Economic and Social Reviewof summer 2009, said and I quote, "A very simple warning sign used by most...

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Mr. Honohan goes on to talk about that that growth amount that he said contained risk was triggered by a number of banks. He concluded that this was a very obvious and public danger sign, not only to these two banks which he referred to, not Ulster here, but because of the potentially destabilising effect of reckless competition on the entire sector. You yourself, Mr. McCarthy, summed up as...

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Mr. McCarthy, can I move on to the Jury's Berkeley Court situation? When did RBS Bank board agree to fund that project?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Chair, can I remind everybody that Dáil Éireann dictated that the subject matter of the inquiry should be to inquire into the reasons Ireland experiences systemic banking crisis, including the political, economic, social, cultural, financial and behavioural factors and policies which impacted on or contributed to the crisis, by investigating relevant matters relating to banking...

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Well, can we know ... can we know, for example, who delivered the letter to Mr. Dunne on the Friday evening of that July?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: I don't think that compromises anybody. We have Mr. Dunne saying that the bank of Ulster ... the Ulster Bank came to his office on Friday night with a letter for ... covering the deal. Do we ... can you tell me who delivered the letter?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: But how does it prejudice in any way ... to answer that question, Mr.-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: I'm talking about an employee of the bank.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Well, Chairman, I think it's highly unsatisfactory, frankly. And Mr. McCarthy, you know, you might be familiar with the fact that, you know, a journalist in The New York Times, writing in 2005, by coincidence, said something to the effect that Dublin had become known of something of the wild west of European finance. I'm trying to tease out the banking practices that led to this crisis....

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Well, I was putting it to you as ... that it might be caricatured as such or not.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Final, final question? I had a little bit of time out there while you were clarifying the legal position.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Joe Higgins: Yes, okay. Maybe two last questions now, very quickly. Mr. McCarthy, you weren't able to give us a precise figure in relation to how much of the bailout to Royal Bank of Scotland would've been accounted for by the crash in the Republic of Ireland and the losses. But could I ask you, would you understand if the British taxpayers felt quite aggrieved that activities by a bank headquartered...