Results 10,301-10,320 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Marc MacSharry: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Marc MacSharry: -----and seeing the soft landing language and taking comfort in it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: Thanks very much, and thanks, Mr. O'Reilly. Can I ask you was it appropriate that the domestic financial institutions were regulated in the same manner as the international institutions? I know this was touched on earlier. In your view, were the regulatory institutions of the State focused on non-labelling of the IFSC as an offshore haven instead of ensuring the domestic banks were...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: Did you feel that there was sufficient staff numbers and skill sets after the implementation ... or after the passing of the 2003 Act for CBFSAI to ensure that the regulation and supervision procedures were enhanced in line with the original intentions of establishing a totally new and autonomous regulatory authority?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: And the skill set of those you had, was it sufficient?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: Would ... would the staff make-up in the Central Bank have historically been, kind of, civil servants-based, that they went in, maybe like yourself, at the beginning of their career and stayed there? Was that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: -----or were people coming and going all the time from the private sector, from different-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: In terms of career path, in your experience over quite a long time, and I'm not asking about your own specific case, because that wouldn't be fair, but was there a sense that seniority equalled promotion?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: Was there-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: Okay. Was there, a situation where, all things being equal in terms of qualification and experience, the practice of not questioning one's superiors?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: We had testimony from Mary Burke and Con Horan. Con Horan described himself as the only dissenting voice, I think. Can you recall him being a dissenting voice?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: Were there ever dissenting voices that you, with the benefit of hindsight, feel you should have listened to, and was he one?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: Do you feel in your role as CEO that you had absolute plenipotentiary independent status to take a decision on behalf of the regulator, or did you look to the Governor as higher authority?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: Okay, just two final questions of it's okay. Just very, very quickly, as CEO did you ever refuse a request for additional resources in the banking supervision department, in particular?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: It was a difficulty getting the quality or the specifics-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: Very last question then. Yesterday we had some testimony from Mr. O'Connell, who, I know, was on the Central Bank side of the house and was the chief economist. But you served on the board of the authority for about six years, isn't that right? Three years?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: No, you did.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: You did, yes. He mentioned to us how difficult he found it to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Marc MacSharry: Three years.