Results 2,261-2,280 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael D'Arcy: Are you familiar with the book?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael D'Arcy: Okay. Well, I'll give you a quotation, Mr. Neary. On page 1 ... sorry, if you'll give me a moment, please. "Privately David Drumm told colleagues that he didn't believe that the regulator's investigation into alleged rumour mongering about the bank would go anywhere." Did you conduct an investigation into rumour mongering subsequent to the St. Patrick's Day massacre?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael D'Arcy: So who instigated that investigation? Was it yours or was it as a result of executives from Anglo Irish Bank lobbying you for that investigation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael D'Arcy: Can I also read on another passage, please?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael D'Arcy: The regulator also looked into the activities of ... can I mention these, this is in the public domain, Chairman?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael D'Arcy: Okay, I won't name the two traders.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael D'Arcy: Two traders at Davy's, who had been targeted by Anglo the previous autumn for advising clients to sell the bank stocks. Now, that was the previous autumn. There was also an investigation into Merrion, in which the CEO, Mr. John Conroy-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael D'Arcy: Well, I suppose, what, what I'm trying to, to pursue, Mr Neary, is were you acting in your own volition or was it as a result of you being pushed by a bank where there were concerns nationally and internationally about the standard of the bank's balance sheet? And brokers, independent, who give advice to their clients, were investigated as a result of who pursued whom. Was it you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael D'Arcy: Okay, well, I'll conclude on this now. I'll conclude on this, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael D'Arcy: I just, to just conclude, from Mr. Carswell's book there was a sense among stockbrokers that Anglo and the regulator were working hand in glove. A letter sent to Merrion by Anglo's lawyers, I won't name them, on instruction from Mr. Drumm, threatened the firm with legal action over the traders' comments to a client and demanding a retraction of what he had said, was copied to the regulator.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Michael D'Arcy: Yes, I'm reading it. Mr. Neary insists that, that his investigation was separate from Anglo's representation but Mr. Conroy was not convinced. You're telling me that the ... that you instigated the investigation, not upon anybody's request.
- Seanad: Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (10 Jun 2015)
Michael D'Arcy: It is good to be back. One of the ushers stopped me on the way in and said he did not know who I was.
- Seanad: Draft Commission of Investigation (Certain matters concerning transactions entered into by IBRC) Order 2015: Motion (10 Jun 2015)
Michael D'Arcy: Like Senator Barrett, I must temper my comments as I am a member of the banking inquiry. I welcome a number of things. First, it is good to have an experienced judge in this sector. It is not going to be easy for anybody to take a fair view in terms of how analysis is conducted of the size of these loans. These are loans of tens of millions of euro, and potentially hundreds of millions of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Michael D'Arcy: Ms O'Dea, you're very welcome. You were party to the implementation group of regulatory structures during 2009. What were your views on the changes that were subsequently implemented in Central Bank Reform Act 2010?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Michael D'Arcy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Michael D'Arcy: You were the person in charge of the consumer protection side?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Michael D'Arcy: How many staff were beneath you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Michael D'Arcy: And how many were in the banking regulatory structure on the other side, where you were?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Michael D'Arcy: We've had evidence that three staff members were overseeing two banks. Was that ... were those numbers sufficient?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Michael D'Arcy: Even with principles-based?