Results 10,201-10,220 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: In advance.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Okay. Can I ask-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Yes. Can I ask that if, with the benefit of hindsight, you had the full detail of what was beneath the bonnet, to use my colleague's phrase, would it have made any difference in the consideration of the options available in terms of the guarantee? Would it have prevented the guarantee? Would it have pushed you in the direction of other solutions as those you've outlined to Senator Barrett?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Okay. So is-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Is it fair to say-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: -----that in real terms-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Yes. So, so in real terms, if we had all this analysis in advance and, on the one hand, it showed the asset quality was pristine or, on the other hand, the asset quality was as it is, it ... would it have made a difference to the options being considered?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Okay. So the outcome-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: -----being a decision to guarantee-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: -----may just have likely have been arrived at-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: I know that, but sometimes, Chairman, I need to explain the context, okay?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Yes. Sorry, Mr. Cardiff.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Okay-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Okay. You mentioned the existence and readiness of legislation for the guarantee or nationalisation on the night. Was there any special resolution legislation for the orderly wind-down of a bank, guarantee depositors, burn bondholders on that night? Was that within the suite of legislation that was in a state of readiness?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Why not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Okay, we're going into the next week. It's just, I get the message-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: ----- we didn't have the stuff ready that night and there's-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Its just I'm very short on time. We do-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Don't stop the clock like you did for Joe, you know.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Marc MacSharry: Okay. I've two questions still, if that's okay.