Results 23,441-23,460 of 35,924 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Like, it appears to me that it's a ... quite an important decision to increase your proportion of business on trackers from 5% to 60% in a period of 36 months. In your view, can you recall whether you expressed a view? And I'm not just concerned in relation to your own personal view. Could you give us an insight, if any, as to what the board ... did they just note it and move on or was...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Okay. Ms Tinney, you say in your statement on page 1, you say, "Mortgage applicants' declared incomes were sometimes well in excess of reality".
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Can you explain to the committee ... what do you mean by this?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: But was it known to EBS that the declared incomes at the time were well in ... as you say, well in excess of reality?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: And when the same institution is now looking for recoupment of arrears or repossession of the homes-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: -----or voluntary surrender-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: -----by somebody who may have provided documentation that, as you say, the institution was aware that it was in excess of reality, how do you feel about that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Okay. You say in your statement in relation to developer loans, on page 5, and I quote, you say: The rationale was that if EBS did not facilitate the "developer" another bank would and we [simply] would ... be losing out [of] business. All these proposals seemed fail-safe.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Can you explain to the committee, were developer loans granted because they were seen as fail-safe? Was it because of competition from other banks or was there another reason or was it a combination of both factors?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: What do you mean by that? Just if you can ... what was the ... the agenda, I presume, is that they wanted money.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: And that was coming from?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Okay. What was the guiding reason with regard to your own role in the credit committee? What were the factors that led you to decide to green light some of these developer loan applications?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: You mention in your statement in relation to these ... these loans as well that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Yes, just two questions on this here ... that the developers backed up their claim with a personal guarantee.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Can you explain to the committee, and to anybody that may be watching, what is a personal guarantee and what was the type of documentation that a developer would provide EBS in terms of a guarantee? And one final wee supplementary, because the Chair will cut me off, you also mention that you - through e-mail - rejected some of the loan applications. Can you inform the committee was there...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Okay, thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: Go raibh maith agat, a Cathaoirleach, agus fáilte roimh an beirt seo chuig an coiste. Ms. Harney, can I start with yourself? In your witness statement, you state that there was a short discussion on the liquidity issues in the banks at the Cabinet meeting on Sunday, 28 September 2008 but the main focus of the meeting was to deal with the decisions required for the imminent budget. I...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Pearse Doherty: And was there a discussion or did he just mention it?