Results 3,401-3,420 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Can I put it to you that there was a silver bullet attempt in terms of the bank guarantee? And can I put it to you that the deposit guarantee scheme was an increase from €20,000 to €100,000 - a fivefold increase, we were multiple of what other jurisdictions moved up to, you know? I suppose what I'm asking you was, were you and the Executive trying to do too much with one fell...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: The theory about liquidity was that it was international markets had frozen. The Morgan Kelly thesis was that the markets knew and understood that the Irish loan books were the problem. Which do you subscribe to?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Was the NTMA position clearly outlined the night of the guarantee to everybody in the room? The NTMA were outside the door, their views were stronger than most, in relation to guarantee.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: But were, was the Taoiseach and Minister for Finance, were they fully informed that the NTMA did not view the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Can I ask, Mr. McCarthy, in terms of the FSR reports from the Central Bank and the Financial Regulator, you quote them on page 7 of your opening statement, section 3.3, or 6.3, did ... were you fully informed, did you read the reports, did you read the appendices, did the Taoiseach read the appendices, and I'm talking about the '04, '05, '06 and '07 reports, which were clearly itemising the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Existence?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Should you have read them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: In terms of the financial stability reports, the final report, '07, clearly itemised where the public debt, the household debt, had come from ... that's a line that I pursued, Mr. McCarthy, 71% in 1997, of GDP. In '07 the predicted figure was 248% of the GNP, highest in, in Europe; some of the highest in the world. You should have read those reports.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Mr. McCarthy, when you were assistant secretary, you were member of the McDowell group on the establishment of the single regulatory authority for the financial services sector. Were you involved in the establishment of the Financial Regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: And who was the Tánaiste at that stage? Who was the Tánaiste?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: Harney. Did you have any role in the selection and appointment of people in the executive positions within ... following the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Michael D'Arcy: You didn't. Okay. Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: Thank you Chair. Mr. Quinlan, you're welcome. You used the term "sophisticated investors who [know] what they're doing" for the people who invest in your company. Could you outline the impacts for people who have invested in your company for ... in terms of ... if you don't want to use it primarily in your own company, but in general companies of your type, in terms of how the recession...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: You made the point, and you spoke about Mr. Greenspan and Mr. Bernanke and the losses in the sub-prime. Now the Irish banks were not exposed to the sub-prime-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: The liquidity.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: The liquidity crisis was a liquidity issue but some argued that the issue in Ireland was that the standard of the loan books was the issue and it was on that basis liquidity was not being provided.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: Were you aware of the market sentiment towards Irish banks prior to 2008?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: Did you hear the contrarian views in the Irish media or other sources in relation to the Irish banking sector prior to 2008?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Michael D'Arcy: Should you have been?