Results 2,561-2,580 of 6,295 for speaker:Michael D'Arcy
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: Has Mr. Mallon or Ulster Bank been made aware of circumstances of this nature? I am referring to people who have borrowed from Ulster Bank in good faith and the bank packaged and sold their loans to an investment fund. Has it been brought to the witnesses' attention that there has been sharp practice?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: Mr. Mallon?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: I understand. Mr. Stanley?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: I might make some documents available to the witnesses. This committee must consider whether the investment funds, while adhering to the letter of the law, are not adhering to its spirit. The potential for someone's asset along with the borrowing to be packaged without his or her consent if certain circumstances are met has been brought to my attention. It happens to relate to the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: Oyster, Aran, Nadal, etc.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: Could the witnesses provide the breakdown to us? I am sure that they have it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: Information on the amounts would also be helpful. This is Mr. Mallon's first time before the banking inquiry. I am sorry.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: Senator O'Donnell is here and Deputy McGrath is sitting beside me.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: This is Mr. Mallon's first time before the finance committee. He touched upon the future of the branch network and we understand that technology is moving in a particular way. How many branches has Ulster Bank?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: In the Republic of Ireland.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: Has Ulster Bank conducted an analysis of how many it expects to have in five or ten years' time?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: How many of those branches are outside the main urban areas of Dublin, Cork, Limerick and Galway?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: In terms of the analysis, I must declare an interest, in that I am an Ulster Bank customer. As a customer, I have never been asked for information or to engage in an analysis of its services. I am not complaining and I am satisfied with the service that I am provided, both in business and personally. Do the witnesses anticipate that the bank will undertake a customer analysis of what is...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: I did not say "content".
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: I will finish with a question to Mr. Mallon. Does he believe Ulster Bank has any obligation to former customers - I am trying to use the correct term - in respect of whom the bank has forwarded or sold on the loan book and their assets?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: Does the bank have an obligation subsequent to the loan book sale?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: To the customer. I am referring to the person who went to Ulster Bank, borrowed from Ulster Bank and who subsequently has the loan packaged and sold on as part of a loan book sale project. Does Ulster Bank have any obligation to those people in the future? Is the bank out?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: Let us suppose a loan is sold from Ulster Bank to a vulture fund and there was a complaint. The person affected should go to Ulster Bank first. Is that what Mr. Mallon is saying?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: No, I am talking about when the bank has sold the loan. What happens when the loan book has been moved from the books of Ulster Bank to an investment fund? Does Ulster Bank have any subsequent obligation to the person who borrowed the money from Ulster Bank initially?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Ulster Bank (1 Dec 2016)
Michael D'Arcy: I do not quite understand. What does Mr. Mallon mean by a nuance? Either the bank has an obligation or it does not.