Results 23,181-23,200 of 35,893 for speaker:Pearse Doherty

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

Pearse Doherty: So there was no bonuses paid in-----

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

Pearse Doherty: Is your view today, with hindsight, in relation to the bonuses that were paid out, as you mentioned, to individuals and the large pension pots that were set aside in the annual accounts that we've referred to - your own one that had a value of €27.6 million - is your view ... what is your view? Is your view that people were entitled to those bonuses and pensions funds even though...

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

Pearse Doherty: Okay.

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

Pearse Doherty: If you go to the core booklets on Vol. 1, page 43 and 44, in a letter dated in February 2008, it regards the inspection of commercial property lending exposures-----

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

Pearse Doherty: Page 43 and 44 of Vol. 1, and I will quote it anyway-----

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

Pearse Doherty: It won't.

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

Pearse Doherty: I will quote. It says the Financial Regulator "calls into question the adequacy [and] controls and risk management in place in INBS for large commercial property loans and suggest[s] that a significant degree of approval authority rests with a single individual, Mr. Fingleton, who also appears to be the only source of information on some of these large clients". What is your views of the...

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

Pearse Doherty: Why do you not agree with it?

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

Pearse Doherty: What part of it is not true?

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

Pearse Doherty: All of it is not true.

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

Pearse Doherty: Okay, and the "significant degree of approval authority rests with a single individual", you'd ... do you disagree?

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

Pearse Doherty: Nonsense?

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

Pearse Doherty: Did you challenge the Financial Regulator in relation to his ... to this-----

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

Pearse Doherty: Okay. Why would the Financial Regulator say to the chairperson of INBS that a "significant degree of approval authority" lay with yourself?

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

Pearse Doherty: Did you ever provide a name-----

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

Pearse Doherty: Did you ever provide a name and an amount to-----

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

Pearse Doherty: If I can finish this question, did you ever provide a name and an amount to one of your staff members in INBS to provide a loan to an individual, for example, on a Post-it note?

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

Pearse Doherty: No, never?

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

Pearse Doherty: Okay. Did you ever provide it in any type of form?

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

Pearse Doherty: No, okay.