Results 23,761-23,780 of 35,924 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: -----were going through at the time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: Sorry, you didn't have knowledge of what?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: So, you weren't aware that the Germans had created a bailout fund for Hypo Real Estate because of the liquidity problems of Depfa Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: What do you mean "not particularly"? Like, this was-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: Can I ... well, can I put it to you that you did do more? You actually passed on the representation ... well, you actually passed on a representation, from the evidence that we have, which came from the IBF, looking for Depfa to be included in the guarantee, which was drafted by the IBF themselves, but you went further and you went to the Secretary General of the Department of the Taoiseach...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: -----which was ... which becomes-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: -----which became a bust bank at the cost of billions of euro to the German taxpayer. You lobbied for that burden to be placed on the Irish taxpayer.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: Okay. See the representation that we're looking at on the screen, where it says, "We need your support in this - IFSC banking has been completely overlooked. [This] issue is as relevant to retail banks as to the covered ... banks of IFSC." Is that passing on representation or are they your words ... looking for the general secretary of the Department of the Taoiseach to include what is...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: How can your request for the Department of the Taoiseach for support be seen as just passing on a representation? Didn't you not make a call to the Department of the Taoiseach, based on this evidence, for Depfa Bank to be included in the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: Okay. The first two lines - just let's look at the screen - where you've asked the Department of the Taoiseach's general secretary for the support of this issue, is that passing on representation or is that calling for the Department of the Taoiseach to act on a matter?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: Okay. So, I pass on representations on behalf of my constituents and I usually say, "I've received this representation; I'm passing it on for your attention." I would feel that, if I call on somebody to support the representation, that I'm lobbying on behalf of my constituent or whatever sector has come to me. Do you share that view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: Okay. Were you aware that Depfa Bank had ... had approached the Department that weekend? Indeed, in Honohan's report, it talked about that the concern at the weekend of the bank guarantee was in relation to Depfa Bank's liquidity problems. Would you have been aware of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: Yes. But just from your position, as the CEO of the IBF, were you aware that one of the banks - one of your banks, that were under your ... you know, that paid fees into your body - was in serious problems in relation to liquidity and it was actually the focus of attention that weekend, the weekend of the bank guarantee, was on Depfa Bank, not on Anglo Irish Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: Did you ever find out how much Depfa Bank cost the German taxpayer?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: Would it been in excess of €20 billion, €30 billion?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: Sure.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: Okay. And in relation to Depfa Bank, one of its board of directors was the former Governor of the Central Bank, Maurice O'Connell. Did you have any interaction with the former Governor, Maurice O'Connell, in relation to your representations of Depfa Bank being included in the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: Okay. In 2007, the IBF brought together the chief risk officers of the banks in Ireland to discuss the systemic risk. At any point, was the issue of solvency of an Irish financial institution, and the systemic impact on the banking sector, discussed or considered? And what was the eventual outcome of this meeting? And were officials of the Financial Regulator or the Central Bank or the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: I don't have a document to bring up to you. Are you aware that, in 2007, the IBF brought together chief risk officers of the banks to discuss systemic risks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Pearse Doherty: So bird flu was what was concerning-----