Results 1,721-1,740 of 6,295 for speaker:Michael D'Arcy

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

Michael D'Arcy: And then?

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

Michael D'Arcy: And finally can I ask, Mr. Forde, would that not seem unusual that everybody was on the same page? That surely there would have been somebody with a contrarian view that the loan book ... that the balance sheet was expanding too rapidly, that there was an overexposure to the group, that potentially, I mean I'm surprised that nobody took that opportunity to say it to you, I'm surprised that...

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

Michael D'Arcy: Well, the question I'm asking is, were people afraid to offer a countering view?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Thank you, Chairman. Mr. Buckley, the AIB loans transferred to NAMA, had a discount of 56%. Were you surprised and can you comment on that reduction, please?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: The reason I ask you Mr. Buckley was because you had 53 months in as CEO or thereabouts and I think Mr. Sheehy you had a little bit less.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Yes. You seem very arms length in relation to everything. In relation to AIB.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Mr. Buckley have you ... did you have any retail banking experience in Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Did-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Did Mr. Forde, who was appointed head of retail Ireland, have any retail banking experience?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: And, Mr. Sheehy, how long were you in retail Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: You came up through the system.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Mr. Buckley, did you agree with Mr. Gleeson's statement that retail banking Ireland ... the retail banking sector of in the Republic of Ireland bankrupted the AIB?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: He made that statement last week-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Are you aware of it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: You didn't follow last week's ... Mr. Gleeson's-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Deputy Higgins quoted Bill Black and Bill Black said that one of the aspects that are crucial for the structure of the banks was "grow like crazy.'' Okay. You say, ''Grow fast.'' That was the term that was used.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: I'm sorry. AIB ... and I'm putting it at the both of you gentlemen. ''Grow fast''. And the figure I want to give you -----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Chairman-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Let me go at a different line of inquiry then, Chairman. In 2001 you were appointed CEO. And at that stage then Mr. Sheehy the head of retail was moved to the States.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Figures that we have for AIB's growth rates were 29-----