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Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: And what about the absence of any growth-related measures in the programme?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: John, you were still ... Mr. Moran, you were still saying, in April 2012 from the evidence we have, that as part of the sixth annual review, that the programme was at serious risk owing to the absence of growth related measures to counter fiscal consolidation. That was in April 2012.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Okay. In relation to the liquidation of IBRC, there was a direction order issued by the Minister on request of the Department of Finance that was to wrest the control, take the control away, from the board of IBRC into one individual. It's state ... said in page 46 that one of the concerns would be for the uncontrolled withdrawal of credit and deposits given the rumour and controversy that...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Can I just ... can I direct you to this ... direct you to page 46 and it says, and this is the direction order, it says: The publication of the Bloomberg story has generated, or has the potential to generate significant rumour, controversy and doubt in the market and the public mind as to the financial stability and solvency of IBRC. There is a significant risk that such rumour,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: But, John, it ... it sounds that, you were, Mr. Moran, sorry, it sounds that-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: Yes, it sounds that ye were waiting for a leak so that the public could be aware that you would trigger this. I'm not-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: I'm not ... I didn't ... I didn't question you in saying were you ... were you ... didn't ... you didn't have the necessary planning in place. What I was saying is that ye were caught off guard. That this wasn't to your timeframe, I would imagine, given the documents that we have in front of us-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: And the question-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: -----the specific question was, given that the team that was working an Operation Dawn ... and that that information had seeped out, as far as the newsagency Bloomberg, and the concerns that are raised here in terms of withdrawals and credit, was there an investigation carried out by the Department of Finance to ascertain was there credit or deposits withdrawn from IBRC in the days running up...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: I don't want to be right, it is not even another question, I just want an answer to my question that I asked.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: The question really isn't about the timing and all the rest, I think we were splitting hairs about whether off guard or unaware or unprepared. The question is that the project that ye were involved in had leaked. It had leaked to the media.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: As these things do and in your direction order it raises concerns about uncontrolled withdrawal of credit and deposits. The question I have is, given that the imminent liquidation of IBRC began to seep out to certain parts of the public, did the Department of Finance ever investigate whether there was credit or deposits, approvals or withdrawals from IBRC that were probably questionable in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Pearse Doherty: It was not did it happen, did you investigate it? Was there investigation?

Written Answers — Department of Finance: Tax Reliefs Availability (17 Jun 2015)

Pearse Doherty: 77. To ask the Minister for Finance if he will provide a list of all available tax reliefs associated with property; the rationale for such tax reliefs; the number of persons availing of them; and the cost to the Exchequer in the past full tax year. [24027/15]

Written Answers — Department of Children and Youth Affairs: Departmental Funding (17 Jun 2015)

Pearse Doherty: 147. To ask the Minister for Children and Youth Affairs if he will provide details in tabular form of State funding to a charity (details supplied) for the past ten years including to date in 2015. [24028/15]

Written Answers — Department of Children and Youth Affairs: Departmental Funding (17 Jun 2015)

Pearse Doherty: 148. To ask the Minister for Children and Youth Affairs if he will provide details in tabular form of State funding to a refuge (details supplied) in Dublin 17 for the past ten years including 2015 to date. [24029/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Pearse Doherty: Go raibh math agat a Chathaoirligh agus fáilte roimh an tUasal Considine. Can I start by maybe just asking you - in relation the interaction that took place ... regular interaction that took place between the Department of Finance, the Central Bank and the ESRI on matters regarding macroeconomic forecasting - in your recollection, Mr. Considine, were there ever any major difference in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Pearse Doherty: Was there any ... was there major differences-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Pearse Doherty: -----between the three and if there were major differences, how were they worked out?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Pearse Doherty: Okay.

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