Results 19,141-19,160 of 27,945 for speaker:Michael McGrath
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Michael McGrath: The decision had been made before you left.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Michael McGrath: And that was conveyed to you. By who?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Michael McGrath: Okay.
- 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, okay. Mr. Goggin, as we know, top bank executives are well paid. For the year to the end of March 2007, your own remuneration package was a mouth-watering €2,000 short of €4 million. How do you reflect on that now?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Michael McGrath: Okay. Would you care to reveal to the inquiry what your annual pension is from Bank of Ireland?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Michael McGrath: Yes, thanks Chair. Mr. Goggin, you said earlier on in response to my question that you would prefer not to disclose your annual pension from Bank of Ireland, and can I put it to you that... you know... the Irish people would have preferred not to have had to have guaranteed Bank of Ireland, would have preferred not to have had to put in €4.7 billion into the bank and to deal with...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Michael McGrath: Well, I would just put it to you Mr. Goggin, that the measure of the State rescuing Bank of Ireland is not as simple measure of money in cancelling money out. There were other consequences of the State coming to the rescue of the banking system, including Bank of Ireland, so that I think is a very narrow measure that you have put on it there. But that is a matter we will deal with the full...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Michael McGrath: Sure. On the question of the inclusion of dated subordinated debt in the guarantee you said that Bank of Ireland requested the inclusion of such debt. Ultimately, there was €12.2 billion of dated subordinated debt across the system included in the overall €375 billion guarantee, and of that €12.2 billion, Bank of Ireland had €5.2 billion of the dated subordinated...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Michael McGrath: The figure was €5.179 billion at the end of September '08.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Michael McGrath: It ended up at €5.2 billion at the end of September. That's where it was.
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Michael McGrath: No, I think, Chairman-----
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Michael McGrath: No, I'm next, Chairman.
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Michael McGrath: Okay.
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Michael McGrath: Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Michael McGrath: Thank you, Chairman. You're welcome to Ireland, Mr. Trichet. As you said in your opening remarks during the lecture, "The ECB indeed does not have any authority to issue instructions to any euro area government or its ministers." So, against that backdrop, can I ask you to identify what article, if any, of the treaty establishing the ECB, provides for the type of direction issued to Brian...
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Michael McGrath: But, Mr. Trichet, with respect, the letter goes way beyond the solvency of the institutions. The letter refers to issues that form part of a national competence, fiscal consolidation, a general reference to structural reforms. And, would you not agree with the comments of the IMF mission chief to Ireland, Ajai Chopra, during an address to Oxford University, where he said your letter...
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Michael McGrath: Mr. Trichet, did you attend a meeting at the G20 summit in Seoul on 11 November 2010 along with Olli Rehn, Timothy Geithner, Wolfgang Schäuble, where it was, effectively, decided that Ireland had to enter into a bail-out programme to stop the threat of a wider banking crisis, and was that conveyed by telephone to Brian Lenihan the following day, on 12 November?
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Michael McGrath: A meeting you had on the fringes of that with the persons I named.
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Michael McGrath: Yes.