Results 9,141-9,160 of 27,945 for speaker:Michael McGrath
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael McGrath: Okay. Now in note 8 to the accounts, dealing with asset quality there are a number of tables, which as you indicate, do statistically break down, you know, the loans that have been provided and there are descriptions given including, the word property is used as one heading, construction is used as another but no commentary. And when you go on to note 25, which deals with risk, there isn't,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael McGrath: Okay. But would I be right in saying that even back then, say in 2006 and 2007, there wasn't any impediment or prohibition on the directors providing additional information, additional commentary in the note dealing with risks that the bank was facing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael McGrath: Okay. I asked that really in the context of one of the first questions I asked earlier on. And if I can rephrase it; if you had been absolutely certain in your own mind back in 2007 that this was heading over a cliff, that the bank, the banking system, was facing a crash but you'd no evidence for that because it hadn't happened yet, but if you were certain as the auditor that this is not...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael McGrath: But you had no evidence.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael McGrath: But personally certain, as in, you know, you had a gut instinct that this simply is not going to last. What could you have done as auditor? Could you have requested additional disclosures, could you have requested that the risk note, for example, be much more detailed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael McGrath: Okay. If you strongly felt.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael McGrath: A final question for Mr. Cullen. You said that the fee income from Ulster Bank, I think, was, even at the peak, less than 1% of the total income that Deloitte had. Was it one of the largest clients, was it among your top ten clients, for example?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael McGrath: Yes, was it your largest financial services client?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael McGrath: Sure. Was it the largest financial services client for Deloitte?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael McGrath: Okay. Thank you.
- Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (14 May 2015)
Michael McGrath: 64. To ask the Minister for Finance if, in order to qualify for the disabled drivers and disabled passengers scheme, it is a requirement that the pre-tax cost of adapting the vehicle must amount to at least 10% of its pre-tax cost; and if he will make a statement on the matter. [18990/15]
- Written Answers — Department of Finance: Disabled Drivers and Passengers Scheme (14 May 2015)
Michael McGrath: 65. To ask the Minister for Finance if, in order to qualify for the disabled drivers and disabled passengers scheme, a certain condition (details supplied) must be met. [18991/15]
- Written Answers — Department of Finance: Banking Sector (14 May 2015)
Michael McGrath: 71. To ask the Minister for Finance if he will provide details, in cash terms for each bank that received State support, of the amount of capital provided or reserved to address the issue of principal dwelling house mortgage arrears; the quantum of such support that has been used to date for this purpose; and if he will make a statement on the matter. [19065/15]
- Written Answers — Department of Health: Ambulance Service Response Times (14 May 2015)
Michael McGrath: 168. To ask the Minister for Health if he will investigate and report on the length of time it took for an ambulance to respond to a person (details supplied) at the person's home in County Cork; and if he will make a statement on the matter. [19071/15]
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Thank you, Chair, and I'd like to welcome Mr. Crowley and Mr. Burrows. Good afternoon. Can I ask the secretariat to open up BOI - Vol. 1, B4, page 21. What I'm referring to there, Mr. Burrows, is extracts from a number of meetings to do with the group risk policy committee, essentially dealing with a review of credit quality, and serious issues were raised regarding ... the level of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Yes. And what remedial action would have been taken then, in the event of ... of these specific issues being identified, where certain business managers would not have met the standards which were set by the bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Okay. Can I ask, Mr. Burrows, as ... as a member of the board, would you have access to all documents that you might seek? Would you be able to seek any document, for example, the minutes of any committee meeting from the ... within the bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Okay. And would the board regularly be circulated with, with the minutes of all of the, the internal committees?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Would, would the board have got reports from the group risk policy committee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael McGrath: Regularly?