Results 26,421-26,440 of 35,894 for speaker:Pearse Doherty

Leaders' Questions (20 Jan 2015)

Pearse Doherty: It did. What about the promissory note?

Written Answers — Department of Finance: Credit Unions Services (20 Jan 2015)

Pearse Doherty: 234. To ask the Minister for Finance his plans to facilitate a return of credit union services to the people of Newbridge, County Kildare; his plans to use part of the building for these services. [2298/15]

Written Answers — Department of Health: Health Services Provision (20 Jan 2015)

Pearse Doherty: 488. To ask the Minister for Health the reason a person (details supplied) in County Donegal has had a lunch-time service decreased from five days per week to three days per week; and if he will make a statement on the matter. [2860/15]

Written Answers — Department of Agriculture, Food and the Marine: Aquaculture Licence Eligibility (15 Jan 2015)

Pearse Doherty: 113. To ask the Minister for Agriculture, Food and the Marine in view of the determination process of aquaculture licensing, his plans to carry out an appropriate assessment on Kincasslagh Bay in County Donegal to ensure compliance with the EU birds and habitats directives; when such an assessment on the bay will be completed; and if he will make a statement on the matter. [2112/15]

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: Cuirim fáilte roimh an tOllamh Honohan. Professor Honohan is a bit of an expert on banking crises and he has written and spoken extensively on the subject in the past. At any time during 2008 were his views ascertained by the Government, the Department of Finance or the Central Bank?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: In terms of the Professor Honohan's conversations with the Minister in the months before the guarantee, as a banking expert, did he raise any issues in terms of the banking model?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: Professor Honohan has said to the committee that it was obvious that-----

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: -----the banking model was unsustainable. Did Professor Honohan raise any concerns about those matters with the Minister?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: Maybe both of you should have talked about banking but I shall move on. What was the first large bank in the State to get into trouble?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: Was it DEPFA Bank?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: We do not know the cost of rescuing the DEPFA Bank but it has not been borne by the Irish taxpayer. However, DEPFA Bank was an Irish regulated bank. Is that correct?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: The difficulties which DEPFA Bank got into would have occurred during the period up to 2007. Is that correct?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: I know the Bundestag carried out its own investigation.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: There are views that the opposite was the case - that DEPFA took out Hypo.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: The professor is entitled to his view. One of the things that the banking inquiry is looking at, which is the nexus, is the relationships between the State, between banks and between being regulatory, development and so on. The reason I asked about DEPFA is that on the weekend of the decision of the guarantee Professor Honohan has said that the minds of the authorities were concentrated...

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: Professor Honohan has picked me up wrong. I never said that Mr. O'Connell was director at the time when DEPFA went bust.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: He was director up to 2007 until Hypo Real Estate bought DEPFA out. As Professor Honohan has acknowledged, the damage was done in the period leading up to 2007. My point was about the relationship. For example, it has been reported extensively that DEPFA Bank - the German bank at that time - in 2001 lobbied the Government in terms of the Asset Covered Securities Act which was introduced...

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: The bank then reconstituted itself as an Irish bank as the Act was passed. It was the first to involve itself in that type of issuance.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: It was followed by the Bank of Ireland and the Anglo Irish Bank. That move allowed for cheap credit to enter the market and allowed triple-A banking in banks that were not triple-A rated. My question is on that nexus. I refer to the relationship where somebody is a director of a bank but was one of the most senior people in the Department of Finance, was the Governor of the Central Bank,...

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Pearse Doherty: Does Professor Honohan believe it was the Government's view there should be a non-intrusive environment in terms of regulation in the IFSC?