Results 25,001-25,020 of 35,894 for speaker:Pearse Doherty

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: That's fine. I just wanted to get clarity on that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: That's fine and I appreciate that. I am more interested in the ... kind of ... the scenario that has been painted to the public and, indeed, evidence we have had before the committee that this had to be done that night because a bank was going to collapse the following morning. And you've given testimony to the contrary in that ... that the arrangements were put in place that it wouldn't...

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: Yes. The question I have then is ... let me just actually backtrack a wee bit. You've mentioned to the Chairperson and others that was legislation prepared to nationalise a bank. I think you mentioned that that was before ... sometime in the summer. Was the ... was there legislation prepared to nationalise a building society?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: And was that prior to the legislation to nationalise a bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: I understand that. I understand that. In relation to, in relation to the issue of the guarantee, you mentioned that the coherence of the statement on that night, if the coherence was not there, we would have went down. Now, some would say that the country did go down, that it went into the hands of the troika two months later, and one of the central modifications-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: Two years later, sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: Two years later, was the guarantee that was issued and the decision that was taken that night. Knowing everything that has transpired since that night in Government Buildings, do you still stand over your advice to guarantee Anglo Irish Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: No, it's the same question, with respect, Chairperson, because we will not have time - or I will not have time - to go through the whole matter about the financial-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: -----European financial crisis-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: -----between that date and today. The question-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Pearse Doherty: No, no, no, the question is quite simple. With the benefit of hindsight, John Hurley, sitting here in the banking inquiry in 2015, knowing what has happened, do you believe the right decision was taken to guarantee Anglo Irish Bank on that night?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Pearse Doherty: Go raibh maith agat, a Chathaoirligh, agus fáilte roimh an bheirt agaibh chuig an coiste fiosrúcháin. Can I ask you by asking you first of all, can you recall any issue which may have warranted a qualified report, which was discussed with the bank but did not feature in the management letter, the final year-end report?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Pearse Doherty: So, is it the case or not that for the years PwC audited the bank, no issue arose during the audit that necessitated a qualified report?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Pearse Doherty: No such issues arose. Mr. Murphy, on page 10 of your opening statement, you referred to the practice note 19(1), and this can be answered by either of you, and you state and I quote: "...there may be circumstances where the auditor concludes that a matter does not give rise to a statutory duty to report but nevertheless feels that in the public interest it should be brought to the attention...

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Pearse Doherty: There were cases?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Pearse Doherty: There were no cases?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Pearse Doherty: So, to your knowledge, there were no cases when the auditor came across something on the book of the bank that, while within the rules, was, nevertheless, a cause of concern?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Pearse Doherty: Yes. The question that I am asking is not in relation to what you're required to report, which is in ... again, in your opening statement, you talk about the statutory duty to report, but you go on to say but "nevertheless feels that in the public interest it should be brought to the attention of the Financial Regulator," that it allows an auditor ... and I will read it again: "where the...