Results 25,481-25,500 of 35,894 for speaker:Pearse Doherty

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

Pearse Doherty: -----you presented your draft guarantee to the Government.

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

Pearse Doherty: Did you approve it?

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

Pearse Doherty: Did you personally benefit from that mistake?

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

Pearse Doherty: No, I'm just asking, in relation to the mistake that you approved-----

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

Pearse Doherty: -----in terms of paying out €270 million of dividends three days before you-----

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

Pearse Doherty: -----if you let me ask the question, present the draft guarantee, did you personally benefit from that mistake that you approved?

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

Pearse Doherty: You did. Okay.

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

Pearse Doherty: That's all I'm looking for. That's all I'm looking for. You were the chairperson of AIB. Were you also involved in property development, or property speculation?

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

Pearse Doherty: You weren't involved in any joint ventures with any property developer?

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

Pearse Doherty: Sorry, so you would benefit from property development?

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

Pearse Doherty: Okay, I appreciate that. Can I take you to the question in relation to how the bank reconciled the level of lending on the property and construction sectors while being in breach of regulatory prudential lending limits for the sector? This is from July 2006 onwards; the reference to this is in the minutes of the board meeting on 27 July, AIB B2, Vol. 1, page 6, where it's clear that you had...

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

Pearse Doherty: Sorry, we're well aware of the minutes and, because of time, we're not going to read the minutes into the record. Just, your bank was in breach of regulatory minutes ... or regulatory limits in terms of concentration to property lending in 2006. How do you reconcile that?

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

Pearse Doherty: I appreciate that, and you've made that point. Time is ticking on; I'm sure my colleagues will take up some of these issues. Can I take you to 7 September 2008, Mr. Gleeson, and this is AIB C3b, Vol. 2, page 41-----

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

Pearse Doherty: C3b, Vol. 2-----

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

Pearse Doherty: It's in page 41 to 43. It's the minutes of the board meeting of 7 September 2008. In this section ... in the minutes, when the minutes record Irish financial market, Mr. Sheehy talks about an Irish financial institution called "the institution" in the board minutes. To which institution is he referring?

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

Pearse Doherty: It is.

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

Pearse Doherty: Vol. 2.

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

Pearse Doherty: It's on the screen there now for your convenience. So, in relation to these minutes, in relation to the Irish -----

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

Pearse Doherty: Yes, what is it?

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

Pearse Doherty: Yes.