Results 2,421-2,440 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Personal indebtedness specifically, Mr. Considine, please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: But the action or inaction?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: What action would-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Yes, Chairman. Mr. Considine, I'm not saying with the benefit of hindsight. FSR report after FSR report clearly itemised the level of personal indebtedness for the citizens was increasing. Start from the low level, move up to European average, surpass the European average, and then the people of this country became the most indebted in Europe. Not with the benefit of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: The highest level of indebtedness in Europe.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: And now, with hindsight?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: And, finally, what was going to be the outcome when there was a downturn, when the citizens were now hugely indebted and there was a downturn when the banks were going to be coming looking for the money?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: I am not talking about hindsight. The growth started and continued unchecked.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Thank you, Chairman. If I could just continue there, Mr. Doyle, please? You said Kevin and the Minister went to Dame Street.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Your note for the Cabinet meeting of the Sunday-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Sunday morning. So, subsequent to the Cabinet meeting, they went to Dame Street, is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Okay, that's fine. Within the Department of Finance, who is the best placed person to ... who is the best informed person in relation to the entire banking sector in your view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Thank you. Can I just refer to your ... our Department of Finance document, Vol. 2, please. And if we start with the crisis simulation exercise which was late in 2007-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Number seven.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Crisis, page 7.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Yes, so it starts with the crisis simulation exercise and then it moves to the summary of each individual group who participated and the Central Bank feedback on page 12 and it says to a number of points that are outlined why it "meant ... it was not possible to carryout a systemic impact assessment". And move to page 15 which was the Financial Regulator's feedback, "The assessment of the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: I'm asking your view, Mr. Doyle, please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Can I go to page ... same volume, page 93 and 94. There was an e-mail to yourself from Brendan McDonagh. I'm not sure if this is protected. Is this protected? No. This is from Brendan McDonagh to William Beausang.