Results 24,301-24,320 of 35,894 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: No, it's not a new line. Mr. Cardiff, you introduced this to the committee, your speech, your "be a hero" speech and you posed the question yourself, "In four years' time we'll look back and we'll ask ourselves what type of character we were in the crisis, be a hero." The question I asked you is looking back - it's now five years on - do you classify that your actions were heroic?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Can I begin by asking you, as a senior Department of Finance official charged with what you say in your witness statement, the application of better regulation, how effective in your opinion was the regulatory regime for financial services from the years 2005 to 2008, given your Department's overall responsibility for, I quote, "overseeing the performance of the regulatory structures for...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Well ... how ... the question is: how effective, in your opinion, was the regime - the regulatory regime?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Outside of the structure, as I said, and you say you're in official charge of the application of better regulation, how did you ... how do you believe ... how effective, or not, was the regulatory regime that was practised within those structures that you're just talking about?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Okay. Mr. Beausang, you mention on page 5 of your statement, you mention the Department of the Taoiseach's Clearing House Group. Can you tell the committee what was the Clearing House Group and what role, if any, did the Department of Finance have in this group?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Who were the participants?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Who were the participants?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: So, these were bankers, were they?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Some?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Along with that, was the politicians, was it? Was there politicians on the group, no?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Okay, so it was civil servants. And what influence, if any, did it have on legislation regarding the IFSC?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Okay, and did any legislation specific from the IFSC, originate from that group or suggestions from that group?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Okay. On page 3 of your statement, paragraph 5.9 you say, "my area had no role or mandate in assessing the efficacy of financial supervision or in overseeing systemic stability". So bearing that in mind, in terms of your responsibilities regarding the international financial services area, did you notice or not something was up in the international financial markets from 2006 onwards and...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Depfa was one of those, wasn't it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Yes-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: The Honohan report says that the preoccupation of that weekend ... the weekend of the guarantee was actually in relation to Depfa, not Anglo Irish Bank. Would you agree with that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: There was a ... the preoccupation that was taking place, a lot of concern or consideration was being placed on Depfa that weekend of the night ... of the weekend of the guarantee.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: Okay, in the core books on page 126 up to 128, there is a note there and it's from yourself, Mr. Beausang to the Tánaiste: Briefing on banking sector issues - 24 April 2008.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: No, it's your documents.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Pearse Doherty: It's page 126. That ... the briefing note to the Tánaiste on 24 April - banking sector issues - 24 April 2008, that would be the Tánaiste, Brian Cowen, at the time, would that be, would that-----