Results 3,241-3,260 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: You have. Page 5, Ms Clarke says, "The traditionally conservative approach to lending in EBS unravelled in the period ['00 to '07]." Were you aware that there was an unravelling of the conservative approach by EBS?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: It's page 5.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: Oh, sorry, okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: It's, "Effectiveness of banks' credit strategy and risk management."
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: And it's the last paragraph, first line. Oh sorry-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: -----first paragraph ... last paragraph, first line.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: Is it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: I'll read the line to you, "The traditionally conservative approach to lending in EBS unravelled in the period ['00 to '07]." You came in mid-'05. Did you ... were you aware-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: Correct.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: You ... were you aware that that had happened?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: I'm well aware.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: But what I'm asking you: were you satisfied with the change? And did you have any impact when you entered, when you joined the organisation, for those changes to continue changing? Did you do anything to try and revert back to the more conservative method of lending?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: I suppose where I'm coming from is-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: Yes. Where I'm coming from, Mr. Merriman, was you were coming in at a very high level, with substantial experience behind you, and you had seen the market growth and I'm asking did you request any changes to the conservative ... or to revert back to conservative lending approach?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: Thank you. Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: Thank you, Chairman. Ms Harney, Mr. Gormley, you're welcome. Thank you. Mr. Gormley, in the e-mails between yourself and Mr. McWilliams, Mr. McWilliams says, "The dept of finance is worried that people will call the government's bluff and they will have to come up with the cash for this." Was the Government guarantee a bluff and was it the most expensive bluff in Irish political history?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: I think Mr. McWilliams did.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: Sorry, just let me clarify for you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Michael D'Arcy: If I could-----