Results 11,021-11,040 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Thank you very much. Welcome, Mr. Forde. Can I ask what processes and actions were taken to monitor and remediate the regular approval of exceptions to the group-large exposure policy limits?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Is it fair to say or not that the correct checks and balances did not exist?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: What would constitute a large exposure, typically?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: In your experience, both outside the board and in the board, was the board rubber stamping or did it scrutinise the work already done by the various committees? Or did they just rubber stamp and accept recommendations?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Was there ever an instance where one was rejected by the board?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: But no decline. There was no decline, was there? Just that we asked before, the previous witness, just to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: So you would have recommended adjustments, but-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: -----but you don't recall saying, "No, we're not doing that."
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Except when you were at the board itself?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: In your time on the board, post '07, the chairman's committee, it seemed, routinely considered these issues. Did the board rubber-stamp the recommendations of the chairman's committee typically or did they scrutinise or change or adapt or adjust or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And do you recall at any stage, any dissenting voices to a decision of the chairman's committee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Would you like to elaborate on those?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: What size of the deal? I mean, developer A was borrowing ...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And did that end up in a ... in a refusal or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Adjustment.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Okay, was there ever staff members or ...senior or junior of AIB, who would've been termed high exposure?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Well let's say I'm ... Let's say I was an employee of AIB. Was there any people that owed €75 million who were on staff?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Okay. Were they in senior positions?