Results 1,961-1,980 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: Did the firm conduct their own independent assessment of the bank's credit risk methodology to satisfy the principles process adopted by the bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: On the booklet, Deloitte Vol. 1, page 55 ... excuse me.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: It's a memo from Ruth Carroll from Deloitte to Martin Reilly from Ulster Bank. On the last paragraph-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: Oh sorry, yes, sorry, okay. In terms of the last paragraph, I'm not going to read it out, because I don't have time, there's a-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: Okay. I'll read it out:Furthermore, the mortgage system does not automatically flag cases of underwriting outside discretionary levels or credit policies. Identification of such exceptions is a manual process, done by looking at two of the loans approved per member of the Underwriting Team a week. If a loan is underwritten outside of discretion[ary] levels, and the underwriter omitted to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: Well-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: Was able to find them, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: Can I just make the point that the date of that is 12 December 2007. The show is over at this stage -----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: We had gone over the peak of the boom. We had gone over the peak of the boom at that stage. Certainly that type of an exception should have been, one would imagine, should have been reported earlier.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: Earlier.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: And how long before that ... I just want to finish my point, Chairman because -----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: How long before ... how long was this practice going on before it was finished? In terms of that last paragraph?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael D'Arcy: Thank you, Chairman. Mr. Crowley, in the opening statement from Mr. Burrows, on page 2, strategy '01 to '06, strategy '02 to '07, strategy '03 to '08 - were they taken in your time as chairman of the board of directors?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael D'Arcy: Page 2 of the opening statement.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael D'Arcy: No, it's Mr. Burrows opening statement. That is your opening statement.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael D'Arcy: The full written copy.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael D'Arcy: Strategy '01 to '06 presented by Maurice Keane in October '01, strategy '0-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael D'Arcy: Strategy '02 to '07, as presented by Michael Soden, October '02. And then '03 to '08 strategy presented October '03. Were you chairman of Bank of Ireland or governor of the board at that stage?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael D'Arcy: October '01, October '02 and October '03.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael D'Arcy: So is it the case that you were the governor during these periods when these strategies were formalised?