Results 9,301-9,320 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Marc MacSharry: No, I do-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Marc MacSharry: No. I do ... I understand it completely. Just on the comment that you felt that the banks weren't giving all the information on the night of the guarantee to officials, did you mean to the politicians or do you mean to the Central Bank to the politicians or do you mean from the banks to the Central Bank to the politicians?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Marc MacSharry: This is the last one.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Marc MacSharry: Grand. Just on a lighter note and to conclude, I was reading an article in recent days in The Examiner. It was written by Ger Howlin, it was about a completely different issue but he spoke of the file in the Department that the Minister never gets to see and it's the one that being prepared for his successor. So, if there is such a file, was there anything in the one that you were given...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)
Marc MacSharry: Very good. Thank you. Thanks, Minister.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Thanks very much and thanks gentlemen for being here. Can I ask you can you advise to the extent of discussions you had with management of the financial institutions regarding the collating of arrears, information on non-performing loans and interest roll up at certain-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Understood. Where did I lose you there gentlemen?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Do, yes, for security.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Will I finish the question? I was saying that there's the arrears issue, non-performing loans obviously, and the level of interest roll-up on certain facilities and the percentage representation of interest roll-up on the overall book.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Was all management in the various institutions forthcoming? Were they happy to see you and three bags full, whatever you needed or were they obstructive andlaissez-faireabout the pace at which they sought to help you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Okay. Did you seek to understand the material ... the number of material loans by clients that were restructured in advance, say, in the period up to 2008?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: So there was no analysis done then of, for want of a better expression, the deterioration of loan quality?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Okay. In all your engagements and you mentioned various meetings where all these agencies were in the room and so on - the Minister for Finance was at most, the Taoiseach was at one - who chaired those meetings?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Did the Minister speak much or listen?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Okay. Did the Taoiseach make any interjections at the meeting he attended?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: He just listened. Okay. Was there any agenda being pushed by the chair or by the politicians that were present at various meetings?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Okay. Was it a sense that look, "We're all in here to try and come up with", as you in your own words, "we're going to have one chance at this, let's get it right", and that there ... was there an openness around that so there was no agendas from any quarter, was there?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Okay. Was there any indication that the view of the room or the consensus in the room was being passed by a higher authority, say, in the ECB or the EU Commission or ... was that discussed or mentioned at any stage by anybody?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Yes, like, what system? I mean, in terms of "Let's guarantee, let's not guarantee, let's have a partial guarantee, let's issue more shares", I mean, what's the system that you have to go through for the ECB?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Marc MacSharry: Well that's more the Commission that the ECB, isn't it, in terms of state aid?