Results 3,261-3,280 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: And again, to conclude, Mr. Purcell, please, the relaxation in the lending criteria, was that appropriate given the Financial Regulator’s ongoing concerns in relation to commercial property lending and the risk management within the society?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: Thank you Chairman, just for a point of information for people who may - Mr. Fitzgerald, you are very welcome - people who may be tuning in this morning, I think it is appropriate to raise that Mr. Fitzgerald is Mr. Fitzgerald of the Anglo tapes and that they are not-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: I just want to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: They are not on the agenda to be discussed today.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: We are not discussing them is what I am saying.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: Thank you, Chairman. Mr. Fitzgerald, after the guarantee was announced, did Anglo use its enhanced credit status to attract deposits from non-guaranteed banks, either in Ireland or the UK?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: How many staff worked under you at that stage, both between Dublin and the UK?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: So you'd hundreds of people working and you’re satisfied that at no stage-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: Were you ever instructed either explicitly or implicitly to use the guarantee as a method of attracting deposits?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: You weren’t?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: While potentially morally wrong to do so, was it considered?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: It was never discussed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: And who gave those instructions?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: And was that a matter of a decision that you made or was it discussed with you by senior other executives within Anglo Irish Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: But who instigated the policy of not using it? Was it yourself or was it other senior executives?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: And did you have that conversation with other executives?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: You did?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: You did. And everybody was agreeable with that, was it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Michael D'Arcy: During your time on the board as a senior executive in '06-'07, did you ever express any concerns to other members regarding the bank’s increased concentration of risks, assets in the commercial property sector?