Results 17,141-17,160 of 27,945 for speaker:Michael McGrath
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: So, just to clarify, were there any discussions at Government level during 2008, prior to September, of the pressures that were clearly building up in the markets, the liquidity pressures on the Irish banks, the risk to financial stability and the plans that were being made to address those issues?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: But even at an overall level?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: A briefing on the problems that were emerging which the banks were facing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: Ms Harney?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: Ms Harney, you were in government since 1997, so right throughout the period. Where do you place responsibility for the economic crash and the banking crisis?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: Sure.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: But can I ask you, irrespective of the contributory factors, ultimately, does the Government of the day-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: -----have to take responsibility for-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: -----the economic crash?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: And finally, can I ask you, Ms Harney, the ideology and the belief system of the Progressive Democrats clearly had a significant influence on Government policy throughout all of this period. Do you believe that it was disproportionate influence, relative to the size of your party? And do you believe that the overall policy in terms of regulation, the free market, for example, reducing and...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: Yes, thank you, Chair. Mr. Gormley, in your witness statement you mention a report from 2010 from NUI Maynooth in relation to ghost estates. What steps did you and the Green Party take in the 2007 to 2010 period to improve the planning system in a way that reduced the number of ghost estates that might be abandoned?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: Okay. I'd like to just go back to the issue raised by Deputy Doherty, and, especially with you, Mr. Gormley, about the solvency of Anglo because it is an important point, and there was a PwC report, Project Atlas. There was one in September '08, one in November '08, and one in December '08, and then a summary of it was prepared for the regulator and the Department in February '09. It...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: So, I'm ... and, I think, to my recollection, this is the first evidence from somebody that there was an awareness in government level of the solvency issues in January '09, so I think it's important that you're certain of that. So, can you be ... can you clarify when, to your best recollection, you were told that Anglo was insolvent?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: Okay. Thank you, Mr. Gormley, and finally, Chair, if I may-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: Just very finally, on page 8 of your witness statement, Mr. Gormley, under the heading of the "3rd quarter[of] 2010", you refer to asking the Taoiseach to bring in the leaders of the Opposition in the Dáil to explain the situation and to seek a form of national co-operation as to how we could manage our way through this period. Can you clarify when that was? Was that October, November...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: -----that there would be a national consensus at a political level? Can you just clarify who was there, what was it about, what were you hoping to achieve?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: Do you regret that now?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: Yes, thank you, Chair, good evening, Ms Clarke. Can I just start by asking you to clarify your role before you became chief risk officer in January 2009.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael McGrath: Okay. That was head of risk since when?