Results 3,081-3,100 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Mr. Fingleton said that no one bank could prevent the bubble. Did INBS and Anglo create the bubble?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: None at all?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: It didn’t participate in the bubble at all.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Create the bubble.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: But, Mr. Walsh, all of the institutions were concerned about market share and not just you but the others have all said that they were prepared to fight for their share of the market. And it also seems to me that, over that period, that it wasn’t just organic - it didn’t just start and be created - that there was a plan in place going back to demographics, and Mr. Fingleton...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: If I could move on please, on page 8 of your opening statement you made what I find an astonishing statement, Mr. Walsh. At the top of the page, first paragraph, you know, you speak about the Central Bank-Financial Regulator and you say: Contrary to some of the evidence that has been given to [the] Inquiry the [Central Bank-Financial Regulator] was far from toothless and where it had an...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Are you suggesting there that the Financial Regulator and the Central Bank should have put in those deposit ratios to force you to curtail lending?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: With lending?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: With lending?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Well, I ... I suppose what I'm trying to pursue here-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Okay, but can you just clarify for me, please, who has primary responsibility in relation to lending? Who should have curtailed lending?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: If I could just move on-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Yes, just ... just a bit of time there, please, Chairman. Page 19, you state, B5, paragraph 2, "The primary objective of the Society from the day I became Non-Executive Chairman was a successful sale of the Society to a larger institution." Now, Mr. Fingleton, in previous evidence, said that that wasn't the primary objective of the institution. Could you tell me if the sale had gone...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Okay, could you bring up Vol 1, page 68 and 69, in relation to the Deloitte commercial and residential lending review, May '08, please? The society reviewed its commercial and residential lending policies and I am speaking about the change of the policy, Mr. Walsh, in relation to the credit committee approval for all loans over €1 million were presented to the board. Subsequent to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Sorry - the executive?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Not ... not the board? I think ... if I ... I think that was ... that wasn't said this morning.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: But sorry, Mr. Walsh, it's a very important-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Michael D'Arcy: Okay.