Results 25,161-25,180 of 35,894 for speaker:Pearse Doherty
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: And the stress test that you examined ... what ... what factors did you ... what percentage drops were included in those stress tests, say, for example, on the 2008 returns that you audited?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: Of residential or commercial?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: That's peak-to-troughs?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: Okay. We've heard from Professor Eamonn Walsh before the committee previously and he talked about the IAS 39 which we ... we've examined in ... in detail here at this committee. Professor Walsh also said in his evidence, it's on page 7 ... 478, and I'm going to quote it, so just for your benefit, he said:One could have a disclosure which says the impairments are low, the profits are high,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: But is that statement not ... just a general kind of statement that you would see in nearly every statement of audited accounts? Would that be a general statement instead of saying, "Look, we have to value this in terms of IAS 39, we have to audit this in terms of IAS 39 and why ... while the bank is very profitable, while the impairments are low, the profits are high at the bank, we see...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: Okay. Are you familiar with that Anglo went beyond the provisioning that was required under IAS 39 and provided for, I think, half a million ... half a billion euro additional provisions?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: Indeed. It was evidence that was provided to the committee.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: That's fine if you think that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: Okay. We can leave that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: Okay. The Nyberg report gave you the label, when I say "gave you", I'm taking about external auditors of the silent observers. He explains on the page, he says:The problems in the Irish banks [and I am quoting] were building for several years before the crisis. These were problems of credit quality, sustainable lending practices and adequacy of internal procedures; they were not generally...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: Okay. In relation to going concern, it was stated in the opening statement there that, in assessing whether the going concern assumption is appropriate, that you take into account all available information about the future, which is at least, but not limited to, 12 months in advance. Can I ask you, Mr. Fitzpatrick, because you've mentioned a number of times the CSO residential property...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: Well, the first ... the residential property that shows a drop statewide from 128.7% at the start of 2008 to 108.5% at the time you submitted your report is the CSO reference and Jones Lang LaSalle has their own property index which is on their website, which comments that there has been a decrease in commercial property in that year of 36.4%, in 2008. When you look at the CSO, also you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: Sorry, sorry, you had to be convinced as the auditor-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: -----that there was no issue of going concern because in the statement you say that the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: Sorry. In the statement you say that the ... it was the board of directors but the auditor has to be-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: -----convinced of ongoing concern.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Pearse Doherty: The ... and I know I'm over time, but the core issue there was that commercial property had decreased by 40% in 2008 or, sorry, 36.4% in 2008 and was accelerating and residential property the same, yet the provision ... you didn't suggest additional provision in relation to that, even though you were supposed to. You talked about looking at the IMF and other bodies for data but this data was...
- Written Answers — Department of An Taoiseach: Employment Data (12 May 2015)
Pearse Doherty: 214. To ask the Taoiseach the number employed directly in the aircraft leasing industry here. [17313/15]
- Written Answers — Department of Finance: Central Bank of Ireland Properties (12 May 2015)
Pearse Doherty: 271. To ask the Minister for Finance the latest estimate for the cost of the new Central Bank of Ireland building; and if he will make a statement on the matter. [18218/15]