Results 2,341-2,360 of 6,295 for speaker:Michael D'Arcy

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: Vol. 2, page 44. Mr. Nyberg was talking about the Central Bank and yourselves - the interaction between you both. The very last line of 4.2.2: ''it was even suggested that detailed enquiries by the [Central Bank] regarding the basis for the [Financial Regulator's] assessment ... could have been regarded as an unacceptable intrusion into the autonomous status of the [Financial Regulator]''....

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: 2.2.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: Oh, sorry, 4.4.2. Sorry, sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: The last line on 4.4.2. Would you have felt it an unacceptable intrusion into the autonomous status of the Financial Regulator if the Central Bank - the Governor - had proceeded?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: So what you're saying is that ... that does not apply to your period as CEO of the Financial Regulator?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: You would have felt relieved?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: Are you aware, in the Honohan report, where Professor Honohan states that there were tools ... tools available that were not used?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: Did it work?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: Did they work?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: But the usage of those tools, Mr. O'Reilly, and ... and the attempt to apply them, what sanctions were available to you to use if they were not adhered to by the financial institutions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: Did that happen?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: Never happened.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: Should it have happened, with hindsight?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: Should it have happened on more than one occasion, with hindsight?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: Did the Governor of the Central Bank ever try to influence the approach in relation to sanctions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: No. You-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: From zero to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: Mr. O'Reilly, you're ... there's only been two CEOs of the Financial Regulator isn't that ... yourself and Mr. Neary.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: Mr. Neary is the public face of the Financial Regulator. Now, would it be fair to say that you're not the public face of the Financial Regulator?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Michael D'Arcy: What was your guiding philosophy as how the role should be performed in order to achieve the objectives, the goals of the Office of the Financial Regulator?