Results 1,681-1,700 of 6,295 for speaker:Michael D'Arcy

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: And on the night of the bank guarantee, was that view expressed to the senior officials, to the people who where present on that night, that potentially there was a solvency issue with INBS?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: But I'm asking you was that information directly delivered from AIB, Bank of Ireland, to the officials on that occasion in relation to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: Mr. Gleeson, you understood that a four bank guarantee was what you were requesting, is that correct?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: It's seven years later, Mr. Gleeson, a lot of water under the bridge - in your view if the four bank guarantee had occurred as you hoped and perhaps had expected along with in your own words "the taking into custody" of the other two-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: -----could AIB have survived as a going concern without Government aid?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: But you're probably better placed than most people to make-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: Okay. You made a statement that one bank cannot stop a bubble.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: Can one bank cause a bubble?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: Mr. Forde, have you watched any of the proceedings of the banking inquiry to date?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: Professor Black that Deputy Higgins quoted, he had a term that he used that was crucial for lending, which was ... it's not a very academic term but it was, "grow like crazy", and when he was asked what was "grow like crazy", in terms of percentage growth, he said 30% was reckless. The expansion of the loan book of AIB for property in construction averaged 29% per annum, and that was in the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: Do you now?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: It is.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: Simon Carswell, in his book, Anglo Republic, page 55, stated that there was a win-back team in AIB. I can only assume it's within your sector, to win back-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: Yes. Was there a win-back team in AIB?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: And were those three people ... were they senior executives or mid-ranking?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: Can I ask you, Mr. Forde, your ... you spoke a lot about the credit risk within the sector, within the institution, and they seem very much at arm's length away from yourself as the senior manager in terms of the retail sector of AIB in the Republic of Ireland. Was there any ... you also said that you did phone people in terms of deposits ... you made some phonecalls.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: Okay, but was there any occasion ... I suppose what I'm coming at is: it seems very pure, it seems very straight lines in terms of the independence of each sector. Was there ever an occasion that you saw a loan that you thought was-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: You didn't look at them at all. They were-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: Were there occasions that you thought-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Michael D'Arcy: But, sorry, were some of those cases that you looked at, were there occasions that you thought that this is over-the-top lending, this is very generous, that potentially there may be a problem?