Results 23,421-23,440 of 35,924 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: Can I ask you - and it was touched on earlier - in terms of the management team in Anglo challenging any of the asset valuations ascribed by NAMA which resulted in the loss of €21 billion on sale or on transfer? Can you talk to me? Did you challenge them and why did you challenge them? What's your view on that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: Mr. Aynsley, we've had a number of Anglo's biggest borrowers before the committee giving evidence. We've heard from Sean Mulryan and Joe O'Reilly. Both of them, in their evidence, said that they intend fully paying back everything as Anglo's debts are being recovered. Were the NAMA write-downs, in your view, given that they're-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: They both stated that they expect to pay back all of their loans, all of their NAMA loans, and they were the two of the largest borrowers with ... they were in the top category in terms of borrowing for Anglo. Given that we've heard from two of those, and it is only two, and they say that they will back everything, was the write-downs from NAMA justified? Could Anglo Irish Bank have dealt...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: Go raibh maith agat. Mr. Aynsley, I want to refer to page 14 of your statement that you've furnished to the committee. And this is where you address the accusations that ... and allegations that have been made against you as CEO-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: -----that you had close relationships and provided private commitments to certain named key customers. Can I ask you did you ever provide private commitments to any customer of IBRC-Anglo Irish Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: Okay. In relation to when you took over in terms of new management, you carried out a review in terms of the hospitality expenditure done by Anglo Irish Bank between 2006 and 2009 and, as part of that, golf seemed to come up very ... quite often. We see in a table that was published in Simon Carswell's book that there was €1.37 million spent, of which a large proportion of it was on...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: Yes. It was reported that there was only 1,000 of the 125,000 left over and you were searching frantically for them.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: On that point, there is also there, in terms of golf miscellaneous, which was €155,000 which was spent over them four years. Would that include corporate accounts that Anglo Irish Bank had with golf clubs?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: Simon Carswell also says that Anglo Irish Bank had a corporate account with Druids Glen in County Wicklow. Are you aware of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Pearse Doherty: And was the account with Druids Glen just in relation to green fees or did it go further than that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Go raibh maith agat a Chathaoirligh, agus fáilte chuig an coiste. If we look at the board minutes of July 2005, which is on book 1, page 126. The question that arises from them for me is: were you away of the extent of the tracker mortgage interest rate risk? And, in EBS, was that ever discussed at board level? This is where the minutes show that the increase on tracker mortgages...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: -----in July 2005 up to 60% three years later in 2008.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: But the minutes of the meeting in 2005 go on to say, "This will push mortgage margins down." by increasing your tracker business from 5% to 60% of mortgages. Given that it's-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: -----acknowledged at that time, what was the discussion? Is that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: But was there any discussion on risks in relation to this? There's an acknowledgement here - on the minutes - of risk but was there any discussion at board level of the risk? Was it just, "Let's increase by [I don't know how many] hundred per cent ... or from 5% to 6% over three years and this will push margins down"? Was there a ... from your recollection, did anybody say, "Well, what...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Yes.