Results 11,041-11,060 of 14,090 for speaker:Marc MacSharry
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: What kind of a role would that have been?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And how deep was that person exposed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: I mean ... How much did that person borrow from the bank to facilitate their property investments?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Would there have been many staff, say, that borrowed or were involved in syndication for multi-million, say, in excess of €5 million?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And were there rules that governed these issues?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Are you aware of any loans or terms offered to borrowers which would be considered outside the normal commercial terms available at your institution made during the period of your tenure and if so, can you clarify the reasons why this would've happened?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And would ever any large lending decision come to you for approval? Never?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Not once?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Okay. So the credit committee would recommend and you would say "Okay".
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Had you a role in setting targets for managers in the country?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Sales, lending, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: So in with regard to lending, how would that manifest itself?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Okay. We heard earlier from former chairman, Mr. Gleeson, and he seemed to be of the case, though I did ask him to reflect and he said he may have been incorrect, that targets were only ever linked to profitability, rather than, say, volumes. So I was querying that. So are you saying that when you would be setting targets for branches or performers in ... that it would be linked to growth...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Let us say, on lending, who ... who would ... who reports to you, say-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: From a lending point of view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: So, when you'd sit down and do targets for the year and you'd say, "Right, we're going to grow lending by X per cent", that's based on volume. So by the time that gets to Joe Bloggs, the branch manager or the regional manager over three or four branches, would it say "You are to grow your lending by X on commercial and Y on residential"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: Who would set the target .... you would set the margins at maybe your level? And above?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: So, the target that would come to you would be based on profitability, would it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: What I'm asking really is, when targets are determined or for you, as managing director, do you then have to localise that then for the branch network to say "Here's what you need to do"?-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Marc MacSharry: And would ... is it fair to say that that manifests itself then in sales targets in terms of mortgage products or lending products?