Results 25,121-25,140 of 35,925 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: Go raibh maith agat, a Chathaoirligh, agus fáilte roimh an bheirt. I want to just pick up on where Joe was asking Mr. O'Rourke a question. And you mentioned that you failed to see the property bubble bursting. You went to conferences. Demographics and so on were given as an example of why it would be a soft landing. You're not alone and we've had many witnesses before the committee...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: And I'm not suggesting that it did. I'm just asking-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: Okay. And so if you had seen the crash coming, you would still have audited the accounts of AIB in exactly the same way or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: Okay. Did the firm perform any stress testing as part of the external audit of the bank to take into account the correlation between different types of property being financed - residential, commercial, development land and speculative land banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: Did the firm ... did your firm carry out any stress tests?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: Okay. You didn't feel it necessary to carry out your own stress tests?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: Okay. In relation to unenforceable securities, in your audits of AIB, did you notice the fact that there were loans that had unenforceable securities?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: Did you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: How much?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: Okay, I want to focus on unenforceable securities. You'd be aware in terms of the NAMA test ... NAMA testimony and what's transcribed from the transfer of known loans to NAMA, hat there were €811 million of loans that were transferred to NAMA across the financial institutions that had unenforceable securities. From AIB's point of view, it made up €164.6 million and that was...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: Can I just push you on that there, in terms of your reason list. You believed it was reasonable in that case. NAMA paid AIB €9 billion for loans. €164.6 billion was unenforceable or they had a deduction-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: Well it's in the... it's in the NAMA documents. NAMA C4b, page 6 and it's also in the NAMA document, C4b, page 4. And it gives a breakdown of AIB. It gives a breakdown of AIB-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: NAMA, for AIB, NAMA applied a deduction of €85 million, when the transfer happened, and afterwards they subsequently found out that €79.6 million additional loans were unenforceable as well. So of the €9 million that were transferred to NAMA, the fact that... €9 billion sorry. The fact that €164 million was unenforceable, that ... is that not a very large...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: The fact in 2008 your audited accounts showed AIB as a going concern. At that time, were you aware of quite significant falls in commercial prices, and also in domestic housing prices? And where did you see that it was going to end?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: In relation to the concerns you had in relation to going concern; you say that you got assurances from, I think, the general secretary of the Department of Finance in relation to additional recapitalisation above the €3.5 billion that was pledged. Can you outline to the committee what ... the nature of that assurance? Was it verbal? The quantity of that assurance - was it an...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: Was it limited?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Pearse Doherty: Maybe one reason you couldn't get the assurance, you say a Minister was not available in 2010 but there was an election in February 2011, which I presume is when you were preparing your accounts. But was there nobody in the Department that you could meet to give you similar assurances?
- Independent Planning Regulator: Motion (Resumed) [Private Members] (13 May 2015)
Pearse Doherty: Cuirim fáilte roimh an rún atá curtha síos ag ár bpáirtí anocht le plé a dhéanamh ar an cheist seo agus, go háirithe, déanaim comhghairdeas leis an Teachta Stanley. Ba é a thabhairt é seo chun tosaigh. Níl dabht ar bith ann ach go bhfuil an díospóireacht seo de dhíth ach leis sin tá gá leis an...
- Written Answers — Department of Finance: Vehicle Registration (13 May 2015)
Pearse Doherty: 63. To ask the Minister for Finance the reason a car, which has been fully approved under the national car test, must also pass a vehicle export examination before its owner may export it under the vehicle registration tax export repayment scheme. [18836/15]
- Written Answers — Department of Finance: Strategic Banking Corporation of Ireland (13 May 2015)
Pearse Doherty: 65. To ask the Minister for Finance the way the Strategic Banking Corporation of Ireland will be treated in the national accounts; and if he will make a statement on the matter. [18746/15]