Results 11,341-11,360 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Thank you very much Chair. Good evening, Mr. Browne. Can I start by taking you to core booklet Vol. 1, page 67? So, this is an inspection of commercial property lending activities at Anglo by the Financial Regulator in May 2007. And in the-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: That's fine, yes. Mr. Browne has it anyway. Page 67, Vol. 1. So, that particular inspection by the Financial Regulator identified 30 separate issues which it required to be addressed and which it listed in a report dated 27 June 2007. Varying degrees of seriousness, I think would be fair to say, Mr. Browne, but a number of quite important issues. So, can I ask, were you made aware of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Okay and would correspondence from the Financial Regulator typically have been brought before the board?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Okay and to your recollection that wasn't the only time that correspondence from the regulator would have been included-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: -----in the board pack and discussed.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Sure and in respect of this particular correspondence, who was responsible for dealing with it and for ensuring that it was followed up on and the recommendations implemented?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: But it wasn't you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Okay. Can you recall specifically what action was taken-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: -----on foot of this?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Sure. Okay. Just an issue that was raised earlier on by Deputy Higgins ... just intrigued me. You were head of group HR for a time, is that right?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: January '05 until when?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Okay. How does the head of lending Ireland also become the head of human resources?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Right.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Was there a HR department?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: Right

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael McGrath: And who reported to you in respect of HR issues?