Results 10,081-10,100 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: And what should he have done?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: This was on directors' compliance statements and concentration limits?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Okay, I just have two other questions. Tom O'Connell also said that ... and referred to the political and property interests on the board. When you took over in 2009, did you feel that there were political and property interests on the board?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Concerned you in that regard?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Finally then, what was your experience of the interaction with the international authorities during 2009 and 2010 and how was Ireland perceived internationally? And, again, while it refers back to a previous period, when you took over and in your international ... with the ECB, for example, were you able to appraise yourself of the validity or invalidity of the opinion which has been put...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: If we had, and again I know I'm going back to other territory, but if we had said actually to use your words, we're going to intervene Anglo and INBS and we're going to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: -----and were going to bail them in, could the ECB have pulled the ELA support?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Big gamble?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Yes? It would be a gamble though would-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Thanks very much and thanks Governor again. Just on that point so, what was the impact among colleagues in the ECB after you had done this? Was this something they were pleased about, did they say "Well done Governor for doing that?"
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Was that a reasonable insinuation or complexion for people at home to draw? That the Governor was over for the ECB meeting and pressure was applied and off he went-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Can you describe the respective roles of the Irish authorities in the shaping of the implementation of legislative change in respect of bank regulation? And how has this changed during your tenure?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: And on the issue of mortgage arrears, which you have highlighted as an issue that still lingers as something that more needs to be done on, while there's no legislative change during the period, there's codes of conduct and so on, what agency, in your tenure, has provided the leadership in what ought or should be done with regard to that issue?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Okay. As opposed to Government?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Okay and just on that mortgage arrears issue, was the engagement with banks and the drawing up of insolvency legislation and the efforts to deal with this issue, did it deal predominantly with simply telling banks "sort out your problem", or did it take any position in defining what forbearance should look like or what tools should be used, what suite of tools should be used by individual...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Is there data on the amount of use?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: You say it is quite a lot, is it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: How does one underwrite a split mortgage?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Marc MacSharry: Is the criteria for that in any way determined by the Central Bank?