Results 10,421-10,440 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: And was this common procedure? Was this regularly done?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: Would you contact the organisation and say "Look, would you ever mind-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Marc MacSharry: Thanks.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Thank you very much, and thanks Mr. Neary. Can you tell me, as CEO who did you report to?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: And was that an executive role or a non-executive role, the chairman?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Yesterday, Ms Burke mentioned that there was a kind of a clear instinct I think was the word she used among her colleagues that the senior official in the building was the Governor. Did you have any sense of responsibility to the Governor?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: And as the patriarch, to use your word, of the organisation is that somebody that one would, for want of a better expression, genuflect to, or keep informed of all major developments?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: And is it correct to say, we had some outline yesterday from Mr. Grimes of the Central Bank, that the board, or your authority, and the board of the Central Bank had dual membership to the tune of some six members that were the same. Is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: And earlier you were saying to, I think my colleague Deputy McGrath, that in the context of enforcement, that you monitored breaches, and if I'm quoting you correctly, of the codified arrangements on sectoral breaches but due to work pressures and other priorities such as Basel II, sanctions on prudential matters were less pressing. And that this style of regulation is what the authority...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Consumer-related.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: So that's things like charging on credit cards and that type of thing.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: But sectoral breaches or unusual transactions, interbanks or anything like that, that wasn't of concern?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: So there was, for want of a better expression, a to-do tray for, on the never-never, that at some stage in the future if resources were available, we might look at enforcing-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: In that period then, 2003 to 2008, was there never ever any enforcement for regulatory reasons?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Before 2005, you could do what you like, was that the case?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Right, so up to 2005, there were no sanctions available to you to check an institution who had breached, from a regulatory perspective, on the prudential side?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Okay, so in post-2005 we had rules, and we had the game, but we had no referee.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Is it true to say or not, that because of the complexity of enforcement, you chose not to?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: As the patriarch of the organisation, was the Governor of the Central Bank aware of this non-action?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: I know he wouldn't have got involved in it, but would you ... you said earlier that you'd make him aware of all major issues, you know.