Results 3,381-3,400 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Michael D'Arcy: The "no quote for Ireland" was being said by the domestic banks.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Michael D'Arcy: The two domestic banks were trying to differentiate between their request for a guarantee and nationalising Anglo and INBS, risking further contagion for the whole industry. Could you comment upon that please? Why exclusively were the two main banks, when there was no quote for any Irish bank, why do you think they were attempting-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Michael D'Arcy: Were they causing the problem?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Michael D'Arcy: Were they causing the problem?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Mr. Corrigan, you are welcome. In page 96 of your core documents, Mr. Corrigan, the conclusion says the sale of Anglo and INBS deposit books in January '11 which the NTMA managed and chaired. And it states: [T]he deposits ... [sorry] the transfer of the deposits and NAMA bonds should proceed despite the operational risks involved ... The NTMA accepts that this approach is appropriate in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: And what were the ramifications of non-completion with the troika?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Non-completion with the troika's views.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Can I ask you, Mr. Corrigan, in terms of NAMA, the €42 billion discount, haircut, how much of that will the State get back?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Did you hear NAMA is going to make a profit of a billion? But that's on the 31-point-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Well, if they do that they make a profit on that money. But there was a €42 billion discount. Will they get any of that back?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: And that writing off is for the people who received the loans from the institutions, is that correct? Who is it written off on behalf of?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Can I ask you, Mr. Corrigan, in your view did the bank guarantee lead to the national bailout?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: In your view was Anglo Irish Bank a systemic bank within the Irish banking sector?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: In your view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Could Anglo Irish Bank have been excluded from the Government guarantee on the night of the guarantee in question?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Mr. Cowen, former Taoiseach, stated that his preference was against nationalisation because that guaranteed all the losses in perpetuity for the State, rather than a time-limited guarantee. Can I ask your view about that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Was there a possibility that the bank could have been liquidated sooner?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: You're probably fortunate you didn't have the benefit. There was a deep dive into the banks, that was a term that you used, subsequently to all the financial institutions by PwC. They subsequently reported to the Minister that the banks were solvent. Could I ask your view about that analysis by PwC? That's Project Atlas, where they took most of the valuations from the banks. Was that a...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Former Taoiseach Brian Cowen in previous evidence stated that the NTMA position on the night ... on the night of the guarantee was ... was clearly stated. Are you aware that that was the case? And then my final question, were you one of the people who ... it's been - again in previous evidence - it's been stated that representatives from the IMF and the Irish delegations did not believe...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Mr. McCarthy, you're welcome. Was the guarantee a mistake?