Results 25,461-25,480 of 35,894 for speaker:Pearse Doherty

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: -----which contained words that were adopted word for word by the Government-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: -----and you have no recollection as to what was in that formula, the X, Y and Z issues you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: And in relation to Bank of Ireland's draft guarantee that you mention-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: -----what was contained in their draft guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: And your guarantee, you suggest in your notes - again taken within a week of the event - suggest that it was more comprehensive; that Bank of Ireland's notes were ... formula was bare?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay. So, you saw Bank of Ireland's draft guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay. You make a point in your notes ... the notes from AIB contain a reference that Bank of Ireland's draft guarantee was bare.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Are they your notes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: They're your notes. So, you take a note to say that the Bank of Ireland's draft guarantee was bare-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: -----but you do not know whether-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Sorry, just ... but you do not know whether you saw the Bank of Ireland's draft guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Did the formula of words that were adopted by the Government word-for-word contain subordinated debts?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Would that not be, like ... I would imagine that this is an incidental issue. As chairperson of AIB, the idea of the Government and of the bank requesting the guarantee of subordinated debt isn't an incidental matter; would you agree with that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay. I'll come back to the night of the guarantee later on, but just before I leave this point in terms of the draft guarantees, the slip of paper or whatever-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: -----you may call it, the draft guarantees that's referenced in the notes from both Bank of Ireland and AIB, were you aware of any pricing mechanism being undertaken by either your own institution or Bank of Ireland in relation to the cost of the guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Did Bank of Ireland discuss with you in relation to seeking Goldman Sachs to develop a possible charging mechanism?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Yes, but Bank of Ireland-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: You're not aware of the Bank of Ireland------

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: Okay. I want to go to some of the other areas, just in relation to your evidence and some events in relation to your bank. Why did the board decide to pay an increased interim dividend, amounting to €270 million, on 26 September 2008-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Pearse Doherty: -----in light of the market circumstances at the time? This is three days before-----