Results 2,221-2,240 of 6,295 for speaker:Michael D'Arcy

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: It never happened?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: Mr. Neary, in your opening statement, under the term "Regulatory Strategy", you state:The strategy also set down the objectives of the authority. One of its objectives was that its regulatory approach would facilitate innovation and competitiveness. You subsequently discussed the White Paper entitled Regulating Better, issued by Government, and you state: "I [can] understand [that]...

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: Are you saying you weren't a detached, strong regulator, or you were?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: In hindsight, Mr. Neary-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: With hindsight, Mr. Neary, the shareholder value in the banks, €29 billion lost; €35 billion to €40 billion share ... or funds from the State of this Republic injected; another €20 billion from the UK injected into banking sector in Ireland. Should you have been a strong, detached regulator?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: With hindsight, with hindsight?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: Should you have been?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: My final question-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: No, Chairman, you took some of my time, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: You took some of my time, please. If you don't mind, Chairman, just very quickly.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: My last question, Mr. Neary ... my last question to you, Mr. Neary-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: Thank you, Chairman. Mr. Neary, you said that the principles-based system failed. But there is no system without people. Did the people within the principles-based system fail?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: You had powers that you chose not to use. We spoke about them earlier. Quantitative controls.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: You had those powers that were unused. Was it a failure of the people within the system to choose not to use those powers?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: Mr. Neary, did you fail in your role as the CEO of the Financial Regulator's office?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: Mr. Neary, were you up to the job?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: Can I ask, Mr. Neary, you said that the dinner that Deputy O'Toole brought up, that that was a once off.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: Were there any other dinners ran by the IBF banks AGMs that you attended?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: When you say a good few, monthly?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Michael D'Arcy: And, final question, Mr. Neary, do you believe the Irish banks lended recklessly?