Results 24,821-24,840 of 35,894 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: -----Merrill Lynch only had a number of days and suggested extreme stress case in INBS, their capital is nearly entirely wiped out and Anglo's capital depleted by about 80%-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: -----leaving them close to insolvency.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: You dispute ... is that what your evidence is?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: Mr. Neary, this is ... sorry to interrupt you, this is the report that you're just after confirming that you had access to.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: No, there was a presentation, I think, a couple of days earlier-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: -----to Cabinet. This is a memorandum from Merrill Lynch, which details the summary description of the reviewed institutions, goes on to annex 1-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: -----and 2 and gives an outline of all of the capital, all of the issues and then the options in relation to the number of options that the Government would have in terms of guarantee, nationalise Anglo, liquidity and so on and so forth. This is the full report.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: You never had sight of this report?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: So, when was it ... when did you get the report from Merrill Lynch? Sorry?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: Yes, but this is ... this is-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: So, what report did you get from Merrill Lynch-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: -----and when did you receive it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: Mr. Neary, I need to get to the bottom of this-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: -----with the indulgence of the Chair. This company was paid a bucket load of money to carry out an assessment-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: -----of liquidity and capital ratios within the banks and options.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: Was ... did you ever see the Merrill Lynch report? Was the Financial Regulator ever asked in relation to, do they stand over what Merrill Lynch viewed as the capital ... which is in black and white in front of me, in detail, of every one of the financial institutions - the liquidity position, the capital position - was the person who had access to this at his fingertips ever asked his...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: And-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: And can I follow this here-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: This is my final. As you say, the meeting with the prudential director, which I assume may have challenged or may not have challenged some of what was in the report, but this report is based on information at 6 p.m. on 28 September, after the meeting with the prudential director, and still states that the extreme stress case scenario in INBS, and applying that to Nationwide, would deplete...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Pearse Doherty: -----with any adverse issues and yet this report-----