Results 8,681-8,700 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: Was your departure from the bank entirely voluntary?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: Can I ask about the system of regulation? Will you characterise how regulation applies, in your view, to AIB? On the system of regulation, what are your observations on how it worked? Do you believe it was adequate or inadequate?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: External; the Financial Regulator. The regulation of the bank from a statutory perspective.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: Yes, on that specific issue ---

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: In terms of prudential supervision at the time ---

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: They weren't breathing down your neck.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: You are drawing a clear distinction there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: The regulation was more intrusive on consumer issues than on the supervisory side.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: Were there ongoing tensions between the bank and the regulator?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: Not on the prudential supervision side?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: Was there any fear within the bank of the regulator on the supervision side?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: Can I ask you about the issue of losing deposits? You said in your statement that the liquidity concerns really weren't relevant to ROI. It was more capital markets and the UK ---

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: In the fraught environment of September 2008, for example, you will recall the "Liveline" show covering the safety of peoples' deposits in banks on Thursday, 18 September. It was reported at the time that €50 million was placed in An Post State-guaranteed savings accounts in a 24-hour period. On 20 September Minister Lenihan increased the deposit guarantee from €20,000 to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: At what kind of rate were you losing deposits?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: Corporate?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: Of course, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: During your time at the bank was there ever any evidence that dissenting voices were suppressed or that anybody who raised serious concerns about the sustainability of the model didn't have a proper airing of those concerns?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: You acknowledged earlier a number of failings, particularly on the issue of lending and the dependence on one sector. To what extent was AIB really chasing Anglo and chasing the spectacular growth in profits, in turnover, in dividend and in share price that Anglo was enjoying? To what extent were you trying to keep up with that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: Yes. Can I ask, did you have property expertise within the bank? Property experts.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael McGrath: In what function? What roles did they have?