Results 10,681-10,700 of 36,274 for speaker:Pearse Doherty

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: Mr. Torpey, can you explain to the committee how a person ... like yourself who has accepted collective responsibility in relation to your bank required €15 billion ... or sterling, pounds, bailout, ends up in the NTMA, head of the banking unit in the NTMA and seconded to the Department of Finance managing the State's assets in our banks up until the end of 2012?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: That ... that's ... I think you have answered, that's fair enough. I'm not going to push you on the question. It's just if you wanted to give your opinion on it and I welcome that. Can I ask you, Mr. Torpey, with the benefit of hindsight in relation to 100% mortgages, were you aware criticism of the 100% mortgages when it was introduced by Ulster Bank at the time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: And let's just look at what, forgetting about hindsight, let's look in at what happened in 2003. Were you aware that Michael Dowling, which was the president of the Independent Mortgage Advisers Federation, said, ''We were a little surprised that the product came on the market at a time when the Central Bank [had] been warning banks about the amount they are lending'', and there was others...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: Go raibh maith agat, a Chathaoirligh, agus cuirim fáilte roimh an triúr ag an coiste. Obviously, the big issue in many homes across the State is the fact that the State had to put in €64 billion of funds into the Irish banks and that doesn't .... obviously, there is other concerns in different jurisdictions in relation to Ulster Bank. And I would guess that the perception...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: Can I ask you maybe a question, if house prices didn't fall and commercial property fell to the extent it did 67%, would the banks still have needed the amount of capital that the Irish state provided?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: And Mr. McArdle you mentioned that most of it in relation to the €64 billion that was injected, how much would you estimate was a result of commercial property losses?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: Sorry, what's not a big portion of commercial property?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: Mr. Beggs, do you agree with the opinion of either ... the participants at either side of you that it was commercial property that broke the banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: The committee has had evidence that, in relation to commercial property ... and when we're talking about commercial property, you'll just maybe outline to listeners at home or viewers what that actually entails in terms of hotels, offices and so on. We've had evidence to the committee that the commercial property sector in Ireland was very small. We also have evidence from NAMA, for...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: Okay. Can I ask you just in relation to the UBS investment research report ... it was on 28 January 2008 - I'm not sure if you are familiar with it - it issued a sell notification for AIB and it estimated that commercial property was going to drop by 30%, if rent stayed static, and could go further. It mentioned commercial property was way overvalued. What was the impression? Did you as...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: And ... sorry, you know just for the record, I ask this question ... and, Mr. McLaughlin, you mentioned land banks but can you, just for the record, put on the record, commercial property ... what are the categories we are dealing with when we're talking about commercial property?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: And hotels and retail would be-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Pearse Doherty: Okay, thank you.

Written Answers — Department of An Taoiseach: Employment Data (12 May 2015)

Pearse Doherty: 214. To ask the Taoiseach the number employed directly in the aircraft leasing industry here. [17313/15]

Written Answers — Department of Finance: Central Bank of Ireland Properties (12 May 2015)

Pearse Doherty: 271. To ask the Minister for Finance the latest estimate for the cost of the new Central Bank of Ireland building; and if he will make a statement on the matter. [18218/15]

Written Answers — Department of Finance: Central Bank of Ireland Properties (12 May 2015)

Pearse Doherty: 272. To ask the Minister for Finance if he will provide details of the properties belonging to the Central Bank of Ireland; of all other properties where the Central Bank of Ireland business is carried out, for example, data centres and so on, inside and outside the State. [18219/15]

Written Answers — Department of Finance: Central Bank of Ireland Staff (12 May 2015)

Pearse Doherty: 273. To ask the Minister for Finance the procedure under which the next Governor of the Central Bank of Ireland will be chosen; the remuneration package that will be offered; and if he will make a statement on the matter. [18233/15]

Written Answers — Department of Finance: NAMA Portfolio Value (12 May 2015)

Pearse Doherty: 275. To ask the Minister for Finance the current value of assets and loans being managed by the National Asset Management Agency in 2015. [18302/15]

Written Answers — Department of Finance: NAMA Operations (12 May 2015)

Pearse Doherty: 276. To ask the Minister for Finance the volume of National Asset Management Agency loan and asset sales in 2014. [18303/15]

Written Answers — Department of Finance: NAMA Operations (12 May 2015)

Pearse Doherty: 277. To ask the Minister for Finance the target of loan and asset disposals by the National Asset Management Agency in 2015 and that achieved in 2014. [18304/15]