Results 2,601-2,620 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: And do you know who instructed the official in the Central Bank? You don't?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Okay. What time is on the original e-mail to David Doyle?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Can you make that e-mail available to the inquiry?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: You worked on it for 20 minutes, on a revised draft. Who did you e-mail the revised draft to when you finished-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Okay. Did you get involved subsequently during the night in relation to any press statements for the Government?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Okay. And were you aware of any discussions about the banking crisis at the Cabinet meeting on the Sunday, the day before the banking guarantee? What was the earliest stage you discussed a Government blanket guarantee within the Department?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Sorry, just to clarify-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Sorry, when I say the Government guarantee, blanket guarantee, I'm talking about it moving from the theoretical stage to it being considered a very legitimate option, a very legitimate solution?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Okay, and were the banks, or were the financial institutions in question solvent on the night of the bank guarantee, in your view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: But I'm asking you your opinion now, with hindsight, in your view were they solvent? Your opinion.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: And is that a "Yes" or a "No"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Sorry, Mr. Beausang, is it "Yes" or "No"? Were they solvent or not, please?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Your view now. With hindsight?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: You're welcome back again. Governor, can I ask about the funding cliff that appeared from mid-2010 onwards? It was obvious that there was a very serious difficulty arising. Mr. Cardiff, in evidence, spoke about the guarantee and the guarantee being the attempted solution, but, subsequent to that ... it was the two years and two months afterwards that the convergence of a number of factors-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: I'm aware of that, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: So was the factors that arose between the guarantee and the bailout ... could you just discuss those further, Governor, with us, please, because there was three or four crucial items: NAMA, PCAR, recapitalisation and nationalisation of Anglo and then a corporate bank run then as well? Could you discuss those a little bit further, please, and the impact of those on forcing us into a bailout?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: Why were the losses too big?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: Was there surprise at the level of discount?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: There was surprise.