Results 24,481-24,500 of 35,894 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: But they were due to end is the point I'm making.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: The evidence that's been provided is-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: -----that you began to phase them out, but is that not just changing the language? They were going to expire but the Department intervened or the Minister intervened to extend them on a number of occasions, including in 2006. And can I ask you this point here: is ... when you mention that ... your concerns in relation to the property sector and you mention the implementation of the Bacon...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: Which fall off, sorry?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: Can I put it to you that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: -----there was no fallout ... fall off in property prices and the Department of Environment statistics, which are published on their website, will actually show that there was an increase in house prices right throughout that period, including in 2000, 2001-2012?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: Can I put it to you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: -----just, finally, to wrap up here. Mr. Considine, you're talking about, you know, we've put on the record that these ... these were extended on a number of occasions-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: -----right up until 2008. And you're saying because of the three-month blip in house prices in 2001, that that was a concern. Now, given the fact that second-hand houses in Dublin rose by €30,000 between 2001 and 2002 ... but can I put it to you, in 2006 a second-hand house average price was €512,000, compared to in 2001, when this blip happened, of €267,000. How could...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: Your view ... sorry, your view.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: Were you nervous?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: Could I just ask, just on that point, the information that he said ... you said you would look for in terms of the bonuses, if that could be furnished?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: Go raibh maith agat, a Chathaoirligh, agus fáilte ag an coiste, tUasal Doyle. Can you describe the general nature of the advices, if any, that you provided to the Minister and the Government on the risks involved and especially the growing dependency on construction-related economic activity and tax revenues? And, Mr. Doyle, can you refer in your response to the frequencies of such...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: As general secretary.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: Some people believe they're connected, but anyway.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: You state that this stress test, in your opening statement, conducted by the Central Bank and the Financial Regulator weren't based on the worst-case scenarios. Did the Department have concerns, or not, about the adequacy of these tests at the time and were those concerns expressed to the Central Bank or to the regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: I heard your comments in that the question specifically is, did you have concerns in relation to the adequacy of the stress tests and if you did at the time, did you ... make that, did you make your views aware to the Central Bank or regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: You didn't have the concerns so that's the way ... I'll move on to the next question. You were a board member of the Central Bank ... you were the Secretary General of the Department of Finance, you had a bird's eye view in relation to both prudential supervision, the stability of the financial sector, and also the issues in relation to the Department. Given everything that was happening in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: I'm talking about any time when you were on the board of the Central Bank and general secretary to the Department of Finance, why didn't you do anything to try and stem the problems that the people in that room, on the night of the guarantee, faced?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Pearse Doherty: If you had a bright idea, it was too late in 2006. My question to you, Mr. Doyle, is did you even have a bright idea after 2006?