Results 2,141-2,160 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Michael D'Arcy: Okay. Can I ask ... Mr. Brian Goggin, on the Monday of 29 September, at a meeting in the Central Bank, was requested to consider the taking over of Irish Life & Permanent. In evidence, he made that statement. He also followed ... pursued that ... by stating that that would happen, but that other ... another two institutions would not be on the pitch that night. Were you aware of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Michael D'Arcy: Did you see that evidence?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Michael D'Arcy: And at that meeting with Mr. Burrows, what was the request that was put to Mr. Burrows?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Michael D'Arcy: And even though they had visited Bank of Ireland in that day?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Michael D'Arcy: And you were unaware that they had ... senior-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Michael D'Arcy: Sorry.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Michael D'Arcy: You were unaware he had met with senior members of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: Chair. Mr. Grimes, thank you for coming. Can I, first of all, clarify with you, please, because it is still a little bit unclear and Mr. Patrick Neary is in tomorrow, can you define exactly what is guidance in the definition of guidance that the CB ... Central Bank could provide for the Financial Regulator, in terms of financial stability? Is it instruction, is it direction, or what...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: Could you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: I'm still not sure that's clear ... you said you could tell and to give an instruction but could you tell the regulator that there was a specific issue that was causing concern for the Central Bank, that the stability of the banking sector could be at risk? Could you tell them to do ... to make a particular action or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: I just want to explore this a little bit more, Chairman, please, so ... so what you've said is you could raise the matter with the regulator-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: -----directly, raise the matter directly-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: If a guidance was issued----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: -----there was a matter to be acted upon. Is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: Okay and then it was a matter for the regulator to act?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: That's your understanding?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: Okay, thank you. In terms of the information available to us from the Central Bank, did the Central Bank identify specific problems developing in the Irish economy? The Central Bank have the responsibility for financial stability and that requires it to communicate such problems to the Department of Finance. Do you believe the nature and severity of the problems were clearly communicated...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: I suppose-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: The period from the Northern Rock issue to the guarantee.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Michael D'Arcy: You ... in the first page of your opening statement, I want to quote you: For example, it did not collect [the Central Bank did not collect] information on the consolidated balance sheets of individual banks on which calculations of capital were based using the prudential framework. Also, the Central Bank did not examine the quality of bank assets; [that] was the role of the Financial...