Results 3,181-3,200 of 6,295 for speaker:Michael D'Arcy

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: No, I have three minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: Three minutes, Chairman. You said you were stopping-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: Mr. Drury, the NTMA were very clear and it's been given by former members of the NTMA that they did not wish to place deposits in Anglo Irish Bank. Was that this ... was that matter discussed with the board?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: You have no knowledge.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: You said you were in college with Mr. Cowen.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: Oh, sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: Okay. Someone said you were-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: Somebody said you were in college with Mr. Cowen.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: He did.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: Okay. Were there any other people who you were in contact with on the night of the guarantee or did anybody ask your advice in relation to the guarantee, matters attached to the guarantee or how the matter could have been communicated to the people?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: And when was that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: And just to finish up, Mr. Eugene McCague, who gave evidence here also, was also in college with Mr. Brian Cowen, former Taoiseach. Did you know Mr. McCague in college?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: You got to know him.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: Did you advise Arthur Cox or did you advise him in relation to the role played in ... by his company in the bank guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: No. Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: Gentlemen, you're very welcome. Mr. Aynsley, if the liquidation - I know you're not that impressed with counterfactuals---

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: I know you're not that pleased with counterfactuals but if the liquidation hadn't not have happened in 2013, do you think that greater value would have been created for the shareholder if the bank had been allowed continue an orderly, slower, more careful write-down than liquidation forced?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: Can I ask you, Mr. Aynsley, in the old Anglo, pre the new team coming in, was the challenge presented by the risk function to lending strategies strong enough in the period prior to the crisis?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Michael D'Arcy: What you saw from-----