Results 2,621-2,640 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: Major surprise?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: What was the ... you said you spoke with Peter Bacon who, in evidence, said that his report was presented to Government March '09, and his figure was €35 billion impairment.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: When was it understood-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: That was 20% on the €158 billion loan book. When, and at what stage, was there a realisation that the banks were going to cost the State tens of billions rather than billions?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: The-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: Can I just move, Mr ... or, Governor, please, in relation to the SSR legislation. Deputy Doherty spoke to you at the start of the meeting. We've been told it was very complicated and, it was on the basis of it being very complicated legislation, that potentially there were constitutional difficulties and other difficulties and that was the reason why it was dropped. It was concluded in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: A light version.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: The DSG chose not to progress this. Should it have been progressed and was it possible to provide the light version, that we currently have, and would that have been a very useful tool in light of the circumstances that arose on 29 September '08?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: Do you know if the Central Bank implemented any performance management reviews or reporting with regard to the use of the Government guarantee by the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: And just to finish, Governor-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: Last question. The ELA and the ECB's exposure to Irish financial institutions prior to the bailout, what was the total amount?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: €150 billion.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: If you could, please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: Thank you, Chair, Governor. Governor, the independence of the ECB and your own independence, do you feel that they are appropriate?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: Is the ECB the most powerful committee in Europe?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: To your knowledge, does or has the ECB participated in regime change, governmental regime change?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: If I could read a passage from Stress Test: Reflection on Financial Crises,Timothy Geithner?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: And he says: At one point that Fall, a few European officials approach us with a scheme to try to force Italian Prime Minister Berlusconi out of power. They wanted us to refuse to support IMF loans to Italy until he was gone. We told the President about this surprising invitation, but as helpful as it would have been to have better leadership in Europe, we couldn't get involved in a...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: Lorenzo Bini Smaghi is a former colleague of yours?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Michael D'Arcy: He corroborated a story from Timothy Geithner in his publication. Mario Monti, the former European Commissioner who became Prime Minister, in an interview with Alan Friedman in the Financial Times, verifies where he was approached five months before he was selected.