Results 10,501-10,520 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: You were the very first?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: Okay, and what date did you assume that role?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: May 2008.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: Okay. And just so ... so that we're clear, the domestic standing group that Deputy McGrath would have spoken about earlier that discussed the contracts for difference was that before that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: So, you were in this dual role-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: -----at the time that the domestic standing group considered the issue of contracts for difference, which you told Deputy McGrath you felt was highly unusual, and that really it was a matter for the regulatory authority ... it was a regulatory issue, I think you said at the time, is that fair?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: Okay. So, what did they do?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: Well, you can take it as read that I want to get into them. It's whether these people let me.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: Well, he's looking for guidance I think.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: Okay, so is it the position that the regulator took actions that are secret because of Article 33AK?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: Or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: I think it's a fair question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: And I would ask that the Chairman take further guidance on it. What we are asking here is-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: What we are asking here ... Chairman, I am talking to yourself; I am not asking anybody. Okay. What we are asking here is that at a time that Mr. Grimes had a dual role with both the regulator and the Central Bank, he made reference earlier on to actions being taken, when asked directly by Deputy McGrath what actions were taken, he answered, "Well, it was a regulatory issue." So I have...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: Just so we're clear, you're not at liberty to tell us the actions the regulator took?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: Does that mean that they had a chat with the staff? Would that, would have been or...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: I'm learning it. I mightn't know it.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: Just so that we are clear, we can't talk about the actions the regulator took because of section 33AK. Is that the case?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: It is specifically covered then, is it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Marc MacSharry: Well, we might have a private session on this.