Results 10,461-10,480 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: -----would the fact that the practice was not to enforce the prudential regulation issues ... would that have contributed to the ineffective nature of the stress testing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Did the criteria for these tests pre and post-crisis change a lot?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: So you don't know.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Okay. Just on the night of the guarantee when ... when you were ... you were brought in ... would ... would you describe, with hindsight, your position as somebody who promoted the idea of a blanket guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: So when the Minister asked the regulator, did you agree with the AIB-Bank of Ireland view that two institutions needed to be nationalised and the rest guaranteed ... you disagreed with that, is that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Yes, there's ... it's just ... it's on page 104, Vol. 2 there. You might like to take a look at it or get it up on the screen. Can we this up on the screen? This one? So we can see these minutes here and you'll see PN, presumably yourself, and JR and it says, well obviously, there's abbreviations but what it seems to say is the Minister asked the Financial Regulator did they agree with...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Yes, so the minute is wrong as far as you are concerned?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Very good, oh yes, it was only just to get his view. I'm not judging one way or the other, yes. So you think-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: They're questionable, okay. And which ... which institution was that or can we say? Which one?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Oh, Anglo, okay. Yes, that's fine. What weighting would you have applied ... when you were asked to give your various views, presumably was it the Minister that was asking you or the Taoiseach or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Were you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Okay-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: And of ... of ... of ... there was various suggestions presumably going around the table, was there in terms of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Were you in the room for the, for want of a better expression, eureka moment where they said, "Okay let's go with a-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: ------let's go with an overall guarantee for everybody''-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: And was that consensus one that you supported?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: And on the night in question-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: You weren't there for it. I just have two very ... and I'll be as quick as I can. The ... the ... Professor Honohan, in his own personal view, advocated a position where, really we should have pushed for more time. ELA should have been provided, we should have got to the weekend and, for want of a better expression, called the EU's bluff and maybe they would have involved themselves in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: Yes-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Marc MacSharry: You think ... you think you could have-----