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

Pearse Doherty: Yes, and I appreciate that.

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

Pearse Doherty: Mr. Cowen, we now know, I think we can determine, although the committee will be making its findings at a later stage, but I think the Irish public have made up their mind that certain financial institutions were over-exposed to property lending. The question I'm asking again is did you ever ask anybody, lift up the phone, ask your officials, based on what was being written about in the...

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

Pearse Doherty: For you, Mr. Cowen, when was the moment when the penny dropped, where we have institutions that were over-exposed to financial ... to the property sector? When was that, what period was it, what period of time was it?

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

Pearse Doherty: That's the autumn of 2008? So, up until autumn of 2008, are you telling the committee that you did not believe or you didn't have a knowledge that some of our financial institutions were over-exposed to property?

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

Pearse Doherty: It's not ... it's about the over-exposure and not ... and it may never have materialised if property prices kept on going up for a couple of years. But, no, that's fair enough, if you weren't aware of it until autumn of 2008. Can I ask you in relation to the dinner you had with the board of Anglo on 24 April? You mentioned that you didn't take any notes; you say that there was ... you...

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

Pearse Doherty: And can I ask you, just if we go to, in the committee secretariat, we go William Beausang's core documents, which is DOF 01 B02?

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

Pearse Doherty: Okay. We'll try and get up on the screen. It's headed Tánaiste - from William Beausang, and it's a briefing, "as requested below". The briefing on banking sector issues on 24 April 2000----

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

Pearse Doherty: It's DOF 03372-----

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

Pearse Doherty: No, the question I have is the briefing note that was prepared and I've already asked the question of William Beausang in relation to this. The briefing note that was prepared for the Tánaiste, for the Minister for Finance, which is dated 24 April, which coincides with your meeting with the Anglo board-----

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

Pearse Doherty: The suggestion ... sorry, the suggestion was that briefing note may have been for another group of bankers that you were meeting around that time but your official diary doesn't suggest it.

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

Pearse Doherty: Okay.

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

Pearse Doherty: Okay.

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

Pearse Doherty: Okay.

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

Pearse Doherty: Okay. That's-----

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

Pearse Doherty: Yes, that's fair enough. Can I ask you finally this question here? Minister, you were Minister for Finance for a------

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

Pearse Doherty: This is the final question. You were Minister for Finance for a number of years at this point. You were within a hair's breadth of entering into the Taoiseach's offices, which are the two most important constitutionally offices in this State. You give an impression to the committee, and it's just my impression - correct if it's wrong - that this was a very informal issue: "They spoke about...

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

Pearse Doherty: The point I'm making is the board-----

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

Pearse Doherty: But somebody got up on behalf of Anglo and outlined the issues around Anglo, as you said, but you mentioned, "I didn't take notes and I wasn't taking any briefing." Would it not be a unique opportunity, given the financial crisis that we're at-----

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

Pearse Doherty: -----that this is the first time you're sitting right in front of them, you may not get another opportunity, would it not be an opportunity to engage thoroughly with them at that event?

Written Answers — Department of Social Protection: One-Parent Family Payment Applications (1 Jul 2015)

Pearse Doherty: 54. To ask the Minister for Social Protection if she will provide, in tabular form by county and by month, the number of applications for the one-parent family payment received to date in 2015; the number of these applications that have been determined; which have yet to be processed; the average times for a decision to be made with respect to applications submitted for each of these months;...

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