Results 10,401-10,420 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: That's not the only reference-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: And that's in your statement.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: But you've also said, I mean, it might have been unfortunate there the first time to use the "concealment" word, but I mean, you said "That was blocked from reaching a higher level in the bank, in the light, in my view, of political and property interests on the bank's board". Now, naturally, this is of huge concern to ourselves here, in the public interest, in trying to get to a report at...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: Chairman, can I ... can I-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: Alright, you keep talking, so.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: I think we should go into private session for a couple of minutes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: And we'll stop the clock at 15:09 there. I would suggest we do that as quickly as you can, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: Thank you very much and sorry for delaying you, Mr. O'Connell. Before the break, I was referring to your ... to your evidence about your view in communicating your views to the board and I suggested that this did not seem credible. Now I don't want to make any judgment or give the impression that I want to put forward any opinion. But can I ask you, do you feel that this is reasonable?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: The thread was, I suppose, the proximity perhaps, through your immediate superiors being quite close to the board and is it reasonable to say that your views had no way of finding their way to the board given such proximity?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: In fairness, you did make reference to a number of things. There were three different occasions where you intimated that there were political and property interests across the boards of both the regulator and the ... and the Central Bank in one part. You later talked about concealment and, granted, you wanted to correct that word. And the third issue then, where you mentioned the property...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: I understand. And just at the various times that you would have been asked to make presentations to the board, did that never open an opportunity for you to say ''While I'm here and we are talking about this aspect of the economic forecasting of the bank, I would like to highlight that I have a concern about X or Y''? Did that ever occur?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: Can I ask you ... your view as articulated here seems quite strong on ... this was a view that you had, kind of, being putting across every day, you said, and you had difficulty in getting it through, is that the case? Is it fair to say, yes or no?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: You gave us the background.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: Okay, can I ask-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: You had your three superiors above you and they had to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: No, no, I get all of that and, as you rightly say, politicians will know.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: Well, just again, if we could stick to "Yes" or "No", I've only a minute left. Specifically "Yes" or "No" if you can, okay? I mean we get all about zoning of land and all that. You had three superiors between you and the board, I think, we gathered from earlier debate. Was it that you independently felt it was impossible to put this forward to your three superiors or did you put it forward...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: Yes. On three occasions you mention in your ... in your statement, that you were instructed - in one instance to do with seeking a retraction from the OECD published view, in one instance it was a request to the ESRI not to proceed and publish a particular view, and in another instance, it was to do with a change to the financial stability report. Did you protest strongly when this happened?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: Did it worry you to the point that, "Look, I'm concerned about this"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: Was it that what you were asking them to do? To-----