Results 1,621-1,640 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Chairman, if you ... I do apologise for this - I just want to go back to the previous point that I was discussing with you in relation to the loan, with your permission please. In that ... sorry, in the loan amount that was transferred. When it was said it was less than 30%, but it turned out to be 58%. In that same public accounts committee meeting, Mr. McDonagh, you said:I, [yourself]...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: In previous evidence, Mr. Peter Bacon, you seemed a little bit piqued, Mr. McDonagh, in relation to his evidence that he gave that NAMA is a ... I'll get the exact term that he used, I think - "a debt collection agency". You seemed a little bit piqued at that. Do you feel that is an unfair characterisation of NAMA?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Mr. Daly, in your statement you quote the figure of €40 million and----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: In terms of your evidence, Mr. Daly, €63 million for rent abatement, is that per annum or for the five-year period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: What's the total figure over the five year period, sorry, €23 million by five?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Plus €40 million?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: It's €40 million.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: In terms of €40 million rent abatement, Mr. Daly, it's a very small amount of money; it's less than 1% of your rent on a stream of €5 billion over the five-year period.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: I understand what it's for, but I think---
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Some 350?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: But I'm making the point to you on a rent stream of €5 billion it's less than 1%.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: It's the only figure that I have for rent from NAMA.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Mr. Daly, on page 2 of your submission you state, "Contributing factors such as zoning and planning, tax incentives, irresponsible developer funding, consumer mortgage lending, absence of market analysis and others". That's five different factors; "and others", I assume they're the primary factors?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Could you rate those by one to five, which are the most ... which are the largest impact on the banking crisis?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Is?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Number one is number one.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: And you've commissioned research, NAMA have ... you've commissioned research?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Will they be made available?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: They will; good. Mr. McDonagh, can I ask you ... you had a better insight than most people in relation to the condition of the banks with the numbers that were made available to you in summer '09. In your view were the banks solvent or not on the night of the bank guarantee? You had sight of practically all of the information within nine months.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: And what was your view? What is your view?