Results 24,981-25,000 of 35,894 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: And after he had the phone conversation with Mr. FitzPatrick, he phoned you again, that day, from Vietnam.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: And what was the conclusion or was there an action agreed in relation to that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: The last question I have for you is in relation to your opening statement, that was made in July 2008, it was to mark the publication of the 2007 annual report, and there's just a bit in it, it says:While recognising that competitiveness in its broadest sense encompasses a wide range of factors, a realistic approach to wage determination by everyone is nevertheless an essential element in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: So, given your statements in terms of not compensating ourselves for commodity increases, how do you stand over a €78,000 increase from 2003 to 2007, and can you explain how that increase was-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: Go raibh maith agat. Mr. Hurley, can I ask you, in relation to the crisis simulation exercise that was performed by the Central Bank and the Financial Regulator, do you think a simulation exercise lasting less than three hours is sufficiently detailed to simulate a realistic scenario?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: The simulation exercise that's in our evidence books is a loan ... a lender defaulting on an institution. You didn't simulate a bank defaulting. Can I ask you if you regret that you didn't do that? Can I ask you maybe to also elaborate ... what, from your simulation exercise and your ... the Red Book, I think it's called, did you actually use when the crisis unfolded?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: The question I have is ... so the events that unfolded on the night of 29 September 2008 ... was that from the playbook of your crisis management book?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: Would ... Mr. Hurley, would Anglo Irish Bank have defaulted if a guarantee wasn't extended?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: So there was no threat on the night of 29 September, into the hours of those early mornings, that a bank would not open its doors the following morning.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: Okay. When you say in your statement that the arrangements to provide assistance to Anglo had already been made in the Central Bank, when were those arrangements made?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: That was the evening of what?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: But prior ... what other arrangements ... you were waiting-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: Yes, when? "When?" is the key question. You got the letter of comfort on the 29th. Was the other arrangements done before that? Was it during that weekend or when was it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: Over those few days. And was the provision of emergency liquidity an issue for the board or was it an issue for the Governor? Did you have authority?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: So you had the ... you had the say.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: Okay. So, with that in mind, did you inform the heads of the Anglo Irish Bank that you were going to provide the emergency liquidity assistance to them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: So when the heads of Anglo Irish Bank went to bed that night, they knew that their bank was going to open in the morning because the Central Bank were going to ... had told them that ELA was going to be offered. Is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: Okay. So, regardless of what happened in Government Buildings, Anglo Irish Bank was going to continue to function the following morning.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Pearse Doherty: Just ... I understand what the issue is but I am asking the question. Is that a "Yes" or a "No"?