Results 7,001-7,020 of 7,975 for speaker:Joe Higgins

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Joe Higgins: No, no, no-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Joe Higgins: That would be ... that's all the regulatory capital it had. But if-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Joe Higgins: No, but I was taking from two separate things. The-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Joe Higgins: Finally, Mr. Doyle, then-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Joe Higgins: Finally, on the night of the guarantee, Mr. Cardiff says that the Taoiseach was from the very beginning advocating a broad guarantee, and stuck with that, which included both Anglo and Nationwide. Is it surprising to you, in view of these serious concerns about some of these institutions, that the Taoiseach of the country would take such a stand at the very beginning of what was a critical...

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Joe Higgins: Would it have been more appropriate to put on the table first the known state of the banks one by one, and the risks, and then come with possible solutions? Would that not have been a more logical approach?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Mr. Cardiff, could you tell us very briefly just to begin, what level of preparation you were able to manage for this hearing and in particular, what if any level of consultation you had with other senior, former senior colleagues in finance or in the Department of Finance itself currently serving?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Sorry-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: I think it's exemplary that a witness would put a lot of time into preparation.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Yes, and a lot of my time is gone.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: It was going for quite an amount of time before it was stopped, Chair.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Mr. Cardiff, no, may I say, it's not strange at all. But we are trying ... we have all kinds of senior officials, former officials, etc., ... we are ... simply an interest in if there was a level of co-ordination in the evidence. I don't say that that in any way undermines the evidence or something like that but-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Okay, thanks, Mr. Cardiff. Mr. Cardiff, during your term as second secretary of the Department of Finance, and from your own knowledge, would you say that the Department was aware or to what extent it was aware of the risks to the overall economy from over-reliance on property sector lending by the banks and exposure by the banks to the construction sector? And the background for that...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: May I just ask you ... we've had evidence on all those factors but just to ask yourself, in relation to subsequently from what we've learned, were you surprised that the Financial Regulator hadn't delved much deeper in the bubble into exactly what was going on and, therefore, be more aware of the dangers that subsequently came to pass?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: Okay, thank you, Mr. Cardiff. Just to move on ... you said today in ... to the effect that ... no reasons to say any of the banks were insolvent on the night of the guarantee and I want to probe that a little bit. And we've already had, in Senator O'Keeffe's contribution, that minute from the meeting of the banks on 7 September with the Financial Regulator and the fact that AIB and Bank of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: No, this is KCA, Kevin Cardiff.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: And this - I'll be just talking you through as it comes up - this relates to minutes of a meeting, Mr. Cardiff, and if I'm not mistaken this ... the minutes were taken by yourself. This ... you have ... is this your handwriting, it is? Just have a glance.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Joe Higgins: But in any case, it says here that ... sorry, David Doyle ... there was a discussion on Anglo and INBS and the note in your handwriting says, "D Doyle noted that Government would need a good idea of the potential loss exposures within Anglo and INBS - on some assumptions INBS could be 2bn after capital and Anglo could be 8½.." Mr. Doyle said that he believed he didn't say that. He...