Results 24,461-24,480 of 35,894 for speaker:Pearse Doherty

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

Pearse Doherty: In relation to the financial stability report which you signed off on as a board member of the Central Bank, did you agree with - you say you agreed with the report ... was it your view or not that the warnings or the risks that were in ... outlined in the financial stability report were toned down? Was there more information at board level in relation to ... board level in relation to the...

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

Pearse Doherty: But, in your view ... and that's fair enough ... but in your view there was no stronger feelings in ... there's been evidence given, for example, that if you said there was such a risk to financial stability it would be self-fulfilling, it would bring on the thing you wanted to avoid. In your view, were there any kind of discussions of that nature at board level in relation to the financial...

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

Pearse Doherty: Okay. You mentioned earlier to one of our Deputies, your pension was in the region of €118,000, I think. That's the current, probably, salary, is it? I think it was higher than that at one stage.

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

Pearse Doherty: Not much. I think it was €125,000-----

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

Pearse Doherty: -----that's been put on the Dail record. Can I ask you, in relation to your appointment as a public interest director, did you receive the €97,000 - as a public interest director - in 2012 on top of the pension or was that subsumed into the pension?

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

Pearse Doherty: On top of the pension. And when did you step down as a public interest director?

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

Pearse Doherty: You didn't? You're still a public interest director?

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

Pearse Doherty: And what is the level of fees for a public interest director on the board of Bank of Ireland today?

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

Pearse Doherty: Yes.

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

Pearse Doherty: So, what is the total just for the last published year that you have?

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

Pearse Doherty: €98,000. So that was to ... for 2014, is that correct?

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

Pearse Doherty: So it began at €79,000 in 2009, went up to €90,000 in '10-----

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

Pearse Doherty: ---in '11 up to €90,000, '12 it went up €97,650 and then two more years it went up marginally.

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

Pearse Doherty: Okay. Can I ask you the question, in terms of the term "public interest director" - you've been paid over half a million euro, in excess of half a million euro, for your role as public interest director - is there a difference between a public interest director and a director of Bank of Ireland?

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

Pearse Doherty: Okay. Can I ask you, just, when was the first time that you became aware that the bank that you were a director of was providing bonuses to its customers to the tune of €66 million and was subsequently fined by the State?

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

Pearse Doherty: Bonuses to staff.

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

Pearse Doherty: Well, the question is, Bank of Ireland was, was paying out-----

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

Pearse Doherty: It was ... this was during the terms of reference of the banking inquiry. They were providing bonuses after the guarantee, which was prohibited under the terms of the guarantee, to its staff - there was a special report done by the Department of Finance that was commissioned by the Department of Finance - which totalled €66 million. They showed that bonuses were being paid out or to...

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

Pearse Doherty: Were you aware before the Minister was made aware?

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

Pearse Doherty: Okay. Can I ask you in relation to the property tax reliefs ... and you talk ... you talked at length in relation to the fact that you phased them out in 2006 in the Finance Acts 2006, but is it not the case, Mr. Considine, that these property tax reliefs were going to expire in 2006 anyway? Can I put it to you that the urban renewal scheme was actually going to expire in 2002 and extended...