Results 2,501-2,520 of 6,295 for speaker:Michael D'Arcy
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: Should there be a special Department to deal with Brexit?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: I am aware of that. I am asking Mr. Moran's opinion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: It is approximately a quarter answer.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: Mr. Moran tends to speak his mind even if it is not popular and against the-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: I think the criticism is that it was not particularly big. It is a little co-ordination unit.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: Even with Mr. Moran’s experience. It has been said that several agricultural tranches will be transferred to vulture funds. Is Mr. Moran satisfied that there are sufficient checks and balances within the system, whether through the Financial Services Ombudsman or other agencies, to protect people who start a loan with a bank or other financial institution, which is transferred to...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: One cannot take a case to the Financial Services Ombudsman if the amount of money involved is over a certain threshold, which, I think, is €3 million.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: When the managing director of Ulster Bank was in attendance at a previous meeting of this committee, I raised a case in which a tranche of funding was transferred from Ulster Bank to Goldman Sachs. There was an attempt to push out the owners, but they were obliged to go to court, which was very expensive, because the threshold was over €3 million. Does Mr. Hogan believe the €3...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: I am asking-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: Now that a number of tranches of funding have been transferred from a number of institutions to these vulture funds, the potential exists for such funds to have many more opportunities to play hardball with those who exceed the threshold of €3 million in turnover. Perhaps that figure needs to be revisited by the Department of Finance, which is the lead Department in this regard.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: Has the Department received many complaints about sharp practice by the vulture funds? Would the Department be-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: I would like to ask Mr. Moran about the financial stability group. Who sits on that group?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: Ms Nolan was previously in the Central Bank.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: It had not met previously.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: Mr. Moran is talking about the principals.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: This week.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: Is Mr. Moran satisfied that the banking sector poses no risk to Irish fiscal stability?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: I had forgotten modelling until Mr. Moran mentioned the domestic standing group.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)
Michael D'Arcy: Then I remembered a lot of modelling.