Results 3,041-3,060 of 6,295 for speaker:Michael D'Arcy

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: Was the relaxation in lending criteria-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: But Mr. Fingleton, the board had sight of every loan over €1 million prior to December '07 and after December '07 it didn't. That must be a-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: If I could move on-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: They had to be notified.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: But they didn't have consent over the loans.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: Can I move on, Mr. Fingleton, please? You said on page 16 of your written opening statement, "no single bank could have prevented a property bubble". Could one or two banks create a property bubble?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: I do, but you didn't answer the question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: Could one or two banks create a property bubble?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: They couldn't have.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: But, Mr. Fingleton, you quoted-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: You've quoted Bank of Scotland Ireland as coming in and chasing business-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: -----reducing the margin-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: -----and you quoted 1% on a number of occasions.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: And the perception I took from what you were saying was other banks went chasing them because they were chasing their business.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: So again, the question I've asked you is: could one or two or a small number of institutions create a property bubble in a small jurisdiction like ours?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: Can I-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: Okay. Can I put it to you, Mr. Fingleton, that the expectation is the two institutions that the State will get no money back from are Anglo Irish Bank and INBS?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: Okay, and you don't agree. You don't agree with NAMA discounts?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: Okay. You ... again, I took the impression you didn't agree with Project Harmony, KPMG.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Michael D'Arcy: Project Harmony?