Results 19,121-19,140 of 27,945 for speaker:Michael McGrath

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: By who?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: When was that, Mr. Goggin?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Okay, well can I just take you back to September ... the end of September, and, given the perilous state of Anglo Irish Bank, which you had been made aware of over the course of the day, against that backdrop, did Bank of Ireland need a guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: At all?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: With any of the banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: By who?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Who made that clear to you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: What was your message going in there? Because, you're saying that Bank of Ireland may or may not have needed a guarantee but you recognise Anglo as perilous. But,.what was your message going in? Did you ask for a guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: But what solution were you looking for?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: So you did ask for a guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: And was it your impression that it was a four-bank guarantee which was being considered? That certainly was the evidence that we heard from Mr. Gleeson, Mr. Sheehy ... that it was a four-bank guarantee, excluding Anglo and Nationwide, is what appeared to be on the table. Is that not your experience or does ... can you support that assertion?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: And what was your understanding of being dealt with? Was it to be nationalised, liquidated, taken into custody? What specifically was your understanding of the intentions of the authorities and the Government with regard to Anglo and Nationwide?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: On page 18 of your opening statement you said, "I was aware that the Minister for Finance regarded three banks as being in difficulty (Anglo Irish Bank, INBS and IL&P)". How did you get that impression?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: And these comments were attributed to the Minister by whomever conveyed them to you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael McGrath: Sure.