Results 1,281-1,300 of 6,295 for speaker:Michael D'Arcy

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Michael D'Arcy: The Bank for International Settlements conducted a survey recently. It gave a number of banks a model and asked them to comply with it. Much of the information they supplied was different because each bank has a separate risk modulation. How can that modelling anchored on that basis that a model was provided but many different answers came back?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Michael D'Arcy: Mr. Andy Haldane, the Bank of England chief economist, has a dog and frisbee theory. Is he off the mark?

Seanad: Betting (Amendment) Bill 2013: Committee Stage (11 Feb 2015)

Michael D'Arcy: I concur with the other Senators who have spoken, specifically in regard to these new technologies. The destructive technologies are the use of the Internet which gives the opportunity for people to gamble with abandon. Senator Craughwell made the point that people are able to spend as much money as is available to them there and then. That is not something I do not support nor should this...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: Professor FitzGerald is very welcome. In respect of no censorship, no influence, when people make statements and use words like "treason" about documents the professor publishes is there not a certain amount of latent influence-----

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: Is there influence in the use of words such as "treason" about papers the Professor publishes? Is there a latent influence?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: Could it influence a less senior member of staff to temper his or her language or their paper?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: The professor makes the point that he decides what he does within the ESRI in respect of the papers he publishes. The ESRI is probably the largest economic think tank in the State. I looked for the analysis of the nation’s banking sector collapse. There seems to be very little analysis by the largest economic think tank of the €100 billion collapse of the Irish banking...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: I thought there would be a macro level paper encompassing how the collapse was as extreme as it was. What the Professor is saying is that there were several-----

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: Why is there no macro level paper on the banking collapse?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: Before Professor FitzGerald comes in with that, it is five years from the night of the bank guarantee. Why did the ESRI not conduct a full analysis of the banking sector looking back, using a particular date?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: Does Professor FitzGerald think it should be done?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: Again, what I am asking is why the ESRI has not done it?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: Last week Professor William Black was quoted as saying that the bank guarantee was an insane decision. He also said it was the worst possible decision. What is Professor FitzGerald's opinion on the bank guarantee?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: May I ask for Professor FitzGerald's opinion on the establishment of NAMA?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: May I ask Professor FitzGerald's opinion on the national bailout?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: In the spring 2010 quarterly economic commentary review, reference was made to the estimated cost of the recapitalisation of the banks at a figure of €33 billion. The comment in regard to the amount of €33 billion was that "This large addition to the national debt is manageable and in no way threatens the solvency of the State." What is Professor FitzGerald's opinion on that...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: In the programme "Future Shock: Property Crash" shown on RTE in April 2007, Professor FitzGerald made some very strong remarks. I am trying to understand how Professor FitzGerald's very strong views at that stage changed by the end of the 2008 medium-term review.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: Professor FitzGerald says that the ESRI does not campaign. Should it do so?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: I thank Professor FitzGerald for his openness in the way he has come in and addressed the committee this morning, which is refreshing. I wish to ask him about - we touched upon it earlier - the latent influence. We can see from Professor FitzGerald's reaction that when somebody picked up the phone to express dissatisfaction with an ESRI report, he was furious. He touched upon it earlier...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: It is the same thing.