Results 1,801-1,820 of 6,295 for speaker:Michael D'Arcy

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

Michael D'Arcy: Okay, but you're probably in the best position than anyone else in the country for an opinion.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: Mr. Goggin, you are very welcome.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: Can I return back to the day of the guarantee, and you were in Dame Street?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: Who did you meet on that morning?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: And did you meet the Governor of the Central Bank of Ireland on that morning?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: What was the primary message from that meeting to yourself?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: It was a big message.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: And, can I ask Mr. Goggin, I mean, effectively, it was an attempt to reconfigure Irish banking. Would that be a fair assessment?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: And in that conversation was it made known to you that Anglo Irish Bank could possibly default the next day?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: And at the meeting that was held with your governor and the Governor of the Central Bank of Ireland at 4 p.m., was your governor made aware that Anglo potentially - you used the term "virtual certainty" - would default the next day?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: I understand that, but what I am trying to explore is the Governor of the Central Bank of Ireland, was he absolutely aware that Anglo Irish Bank, in your term, was virtually certain to default the next day?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: Can you clarify this for me though, please, because I think it is important? The meeting you held in Dame Street that morning-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: -----when you were asked to take over IL&P, was it clear that it was IL&P? Did you know it was IL&P?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: And did you also-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: And was it also made clear to you that two banks were named, Anglo and INBS were going to be the two banks that would be not entering a reconfiguration process?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: Okay, and in that scenario, for you, as an experienced banker, Mr. Goggin, is it possible that the ECB would not have known that these conversations were being held in the Central Bank of Ireland on 29 September?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: Can I move on please to document BOI - B2? I'm just going to talk in the general about this document.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: Sorry, it is BOI - B2, Vol. 1. I'm just going to talk about the document in general.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: A term keeps coming up, Mr. Goggin. It is, "Bank of Ireland to protect the franchise...". Is that a term that you understand?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Michael D'Arcy: Could you explain to the committee what protecting the franchise means?