Results 9,441-9,460 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: But you have said in your statement maybe you're less than enamoured with activities since.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Again, without getting into the specifics of Central Bank, regulator, Government, this inquiry or anybody else, do you have a sense or do you feel a sense, Mr. Fingleton said he felt wronged, do you feel that in some way INBS are the patsy, the fall guy for everybody else?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Do you see that as fair and accurate? I am finished then, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Marc MacSharry: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Thanks very much, Chair, and thanks, Mr. Merriman, for coming into us and for your account there. Can you tell me what was your assessment of the liquidity and the solvency of the society on the night of the guarantee in September 2008?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: What was the dependency on wholesale funding at that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Your society was covered as part of the bank guarantee but you didn't appear to be involved in any way in the final discussions with Government or the regulator. Can you tell us what input, if any, your society and you did in any of the discussions that took place at that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: And how did that manifest itself? Did you just get a call and say, "Look, we're doing this and you're in", or, "Do you want to be in?" or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: And who rang who?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Was that early in the morning or 3 o'clock in the morning or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Okay. We note that you wanted a five-year guarantee put in place. Can you outline your rationale and understanding with regard to that stance and did you make any recommendation externally and was there any response?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: And would he ... who did he make this case to?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: You don't ... would it have been Kevin Cardiff or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: -----was there any dialogue? You're not aware of any dialogue at all?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: To the Central Bank or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Nobody. Okay. Was it your first to hear of it last week when you heard Mr.-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Was it the first time you heard it when Mr. Murphy was-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: Can you tell us about the ... you said you had multiple meetings, kind of, down in the Central Bank with the regulator and others to discuss strains and other issues to do with the market. Was there ... what was the frequency of these meetings? Was there a standard, kind of, weekly meeting, monthly meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: So before there was any strains or any issues that are identifiable, with the benefit of hindsight, could you tell us that ... when would you say the situation changed? That ad hocbecame to be frequent or that the circumstances were demanding, that there was-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Marc MacSharry: And were those meetings at your request or was-----