Results 3,361-3,380 of 6,295 for speaker:Michael D'Arcy

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: In terms of ... well, that's been the evidence that's been given by Governor Hurley - that if there was something to be done, it would be done at a weekend when you would have more time, more hours, rather than a number of ... a small number of hours during the week.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: Okay, sure. Did you see former Governor Hurley's evidence where he used the term in relation to some of the powers available to the Central Bank as "theoretical"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: No, if you haven't seen it, you know, I don't see the point. Can I ask, Mr. Gray, you entered the Central Bank in early '07?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: And the final FSR report was concluded and that final FSR report outlined the substantial increase in household debt. It was, clearly, itemised as an area of substantial concern.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: Why was it allowed go unchecked or was the matter raised at board level? This State went from one of the lowest household debt, 71% of GDP, going back to '97, to a predicted figure of 248% of GNP.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: And finally, Mr. Gray, in September '08, in your witness statement, you state, "In addition to two institutions which were being very closely monitored by the Regulator, one of the other institutions advised that “if markets do not improve they risked breaking liquidity ratios in a matter of weeks.”What actions did the Central Bank Financial Regulator take to support the two...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: Were proposals by the Central Bank or the Financial Regulator or the financial institutions of the other financial institutions, were any proposals made to assist those two that were in immediate difficulty?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: Did you personally present any proposals to the Taoiseach to assist either of the two institutions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: Yes, just very ... just two very small things, Mr. Browne.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: I asked Mr. Peter Fitzgerald if he had read the book and he said he had and I asked him was it a genuine reflection-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: I asked him was it a genuine reflection of the way business was transacted within Anglo Irish Bank. Can I ask your opinion on it, please?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: You don't think it is.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: Okay. And then, finally, Mr. Browne, your severance payment of €3.75 million. You left the institution; were they obliged to pay you a severance package?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: They weren't. And it was within their gift to do so.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: Was that very generous?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: And was it the norm for people leaving who decided to leave, where there was no legal obligation to pay anything?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: Who were they?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Michael D'Arcy: And what were they paid?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Michael D'Arcy: You're very welcome. Thank you for coming. You said that the IMF were a junior partner. Who was the most senior partner of the troika?