Results 10,941-10,960 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael McGrath: Okay, but you believe... sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael McGrath: Okay, and earlier than August 2011, in your view? Sometime earlier than that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael McGrath: And what would board packs contain?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael McGrath: Minutes of ... of board committees?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael McGrath: And would that be all board committees, including the credit committee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael McGrath: And what was the threshold above which a transaction would come to the board? From memory, if you recall?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael McGrath: Okay. And would a transaction normally come to the board for the first time for final sign-off or could there be a series of discussions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael McGrath: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael McGrath: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael McGrath: Thank you very much, Chair. You're very welcome, Mr. Fingleton. Can I just start by asking you to clarify what you said about the credit committee and your relationship with it? Did you say that you were an ex officiomember but you didn't attend to keep yourself at arm's length?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael McGrath: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael McGrath: And then you did attend from 2008 onwards-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael McGrath: -----during the remainder-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael McGrath: -----of your term.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael McGrath: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael McGrath: And, to your knowledge, was the initial approval of any individual loan given by one person?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael McGrath: Not at all.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael McGrath: So you are disputing the finding in the Deloitte report-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael McGrath: -----that in many cases the commercial loan application was approved by only one-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael McGrath: -----member of the committee.