Results 1,701-1,720 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Were there occasions that potentially the credit officer would have said, "No," that you would have requested-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: -----sight of?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Jim O'Leary, in 2004, it's been touched upon earlier, in relation to a director who had concerns about property and construction-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: -----subsequently, 2007, Alan Ahearne had concerns that property in construction was overvalued by 30%. Were you concerned at any stage during your term that with the increase of the balance sheet that there was a significant overexposure within AIB for property and construction?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Your ... and just very quickly as my time is running out, the Mercer Oliver Wyman report in 2007 were ... was that part of your group's ... your sector's requesting them to come in and present a seminar to AIB.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: A presentation, yes. Can I touch upon the solvency issue, Mr. Forde. PwC were requested by the Financial Regulator to conduct analysis into the banks. The project was called Project Atlas. They took the evaluations from within the banks and presented them to the Financial Regulator. You were there until February 2009, the report was presented to the Minister around that stage. Were you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Were you ... were you contacted in relation to the valuations or anything of that nature?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: You weren't.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: At any stage?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Can I ask, Mr. Forde, in terms of your sector ... your sector was ... from evidence from Mr. Gleeson this morning, was effectively the sector that brought the bank into insolvency.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Your division. Were there people within your division who offered contrarian views and if there were was it ... Mr. Gleeson outlined an avenue in which those concerning views could go directly to him. Did that happen on any occasion within your sector?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Never?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: But ... I would have assumed that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: So that avenue was unused?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: As far as you are concerned, in your division.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Did anybody come to you directly with a contrarian view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: From within your division?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Can I just ask you how many-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Finally can how many within your division that you would have been within had your conversation with in terms of that?