Results 10,981-11,000 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Marc MacSharry: So, let's say, with 2% tracker mortgages available, and 8% growth rates in the real economy, what could the ECB have directed our Central Bank to do in your experience, internationally?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Marc MacSharry: Exactly but I suppose we're trying to get a picture or an explanation of what may have been possible. We don't know but you're an expert in the field.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Marc MacSharry: So ... just, so that I'm clear, we did rely on volume to compensate for the lower margins and that lead to the crisis?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Marc MacSharry: That's all. Thanks ... thanks very much.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Can I interrupt, Chairman? Have we got this statement?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Where is it? Is this the statement that you have provided?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And have we a copy, no?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: No problem.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And it's Michael D'Arcy.....Thanks very much, Mr. Gleeson, for being here. How did the establishment of the chairman's committee in 2004 impact on the authority of the board and what was the rationale behind the restructuring in that regard?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: The point I want to get to in particular-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: So, when exposures were being increased or there were a decision maybe between one particular borrower, did that come to this committee or did it go to the board?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: But typically-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Okay, so, how many times would you think that you would have made exceptions at that committee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Well say in those years, I mean, how many-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Roughly, yeah.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And would that be typically ... without mentioning names, give me one example, say, of, developer A-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: So when you took these decisions, were they routinely second-guessed then by the broader board or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Okay, so, did the board ever have to take the decision to lend somebody money or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And how big ... what level, that'll end up in the board-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Is there any instance where the board decided "No, we're not going to do that".