Results 19,281-19,300 of 27,945 for speaker:Michael McGrath
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Yes. To be fair to you it says that the information was not available from the bank's accounting system and that a manual exercise would be required to obtain that information.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Many of those loans, as we now know, were being recorded as being fully performing, even though not a cent was being repaid on them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Across the system.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Very briefly Chairman. On the night in question, 29 September, you cite a number of examples whereby you had the clear impression that a different solution would be found for Anglo and INBS, that they would be either taken out or nationalised.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Who gave you that clear impression?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: You are very welcome Mr. Forde. You were no longer MD of AIB ROI in late January or February 2009 but you remained with the bank until November 2009. What was your position during those nine months?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: What was your day-to-day work? Did you have any responsibilities?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Was your departure from the bank entirely voluntary?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Can I ask about the system of regulation? Will you characterise how regulation applies, in your view, to AIB? On the system of regulation, what are your observations on how it worked? Do you believe it was adequate or inadequate?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: External; the Financial Regulator. The regulation of the bank from a statutory perspective.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Yes, on that specific issue ---
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: In terms of prudential supervision at the time ---
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: They weren't breathing down your neck.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: You are drawing a clear distinction there.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: The regulation was more intrusive on consumer issues than on the supervisory side.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Were there ongoing tensions between the bank and the regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Not on the prudential supervision side?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Was there any fear within the bank of the regulator on the supervision side?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: Can I ask you about the issue of losing deposits? You said in your statement that the liquidity concerns really weren't relevant to ROI. It was more capital markets and the UK ---
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael McGrath: In the fraught environment of September 2008, for example, you will recall the "Liveline" show covering the safety of peoples' deposits in banks on Thursday, 18 September. It was reported at the time that €50 million was placed in An Post State-guaranteed savings accounts in a 24-hour period. On 20 September Minister Lenihan increased the deposit guarantee from €20,000 to...