Results 1,541-1,560 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: I welcome Mr. Moran and thank him for coming. He seemed to suggest earlier that he would prefer if we did not have boom-bust cycles and that it would be better if a much less volatile structure held sway. Am I correct in stating that?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: Do certain high-profile sites contribute to boom-bust cycles?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: The Irish Glass Bottle site.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: Was Jones Lang LaSalle involved in the deal relating to the Irish Glass Bottle site?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: Jones Lang LaSalle's website states that "The achievement of the almost record-breaking €412 million sale price would not have been possible had it not been for the Jones Lang LaSalle team’s significant time investment in devising a range of innovative strategies aimed at maximising value on what was quite a complex site". Was the company involved in a deal relating to a...
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: Did the high-profile nature of the site contribute to the creation of the boom-bust cycle in respect of commercial property?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: An official from the Department of the Environment, Community and Local Government gave evidence to the Committee of Public Accounts to the effect that the sale value of the site doubled in the space of one month.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: It is correct.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: A lot of things do not make any sense.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: I wish to read the following into the record, "A former Dublin Docklands Development Authority board member, who was also a senior Department of the Environment official, has expressed “deep regret” at the failure of the Irish Glass Bottle development."
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: I am citing evidence given by a person who attended a meeting of the Committee of Public Accounts.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: The individual in question, who I will not name was, and I quote, "head of the department’s planning division, said she did not tell then Minister for the Environment [who I also will not name] when the price of the Ringsend site almost doubled from €220 million to €412 million in just over a fortnight".
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: May 2013.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: Will Mr. Moran outline his fees in regard to it? Had he moved from a percentage of the valuation?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: Mr. Moran says he was not aware that the banks had over-lent, yet Jones Lang LaSalle Ireland is an international section of a company that has access to specialist analysis of the commercial property market and also international comparators. I have two questions. The previous record, €1.2 billion in 2005, was trebled in 2006. Is there any other sector or jurisdiction in which the...
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: I might not get a chance to complete my questions.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: Should Mr. Moran have been aware that the banks had over-lent?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: The balance sheets of the banks were available year on year and showed extraordinary growth.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: Nobody.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Michael D'Arcy: Just nobody within.