Results 3,761-3,780 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Some did.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Sorry, Mr. Beausang, the market analysis knew about the quality of the loan book, in particular, about Anglo and INBS, but few in the Irish regulatory agencies seemed to have any knowledge of those. The Financial Regulator had prudential access to the largest exposures. That was subsequently shared with the Central Bank and CBFSAI, both of whom were party to the DSG with yourself. And both...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Sorry, could you explain what that level of granularity is simply please?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Was the actual, not the names of the connections-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Not the names, but I'm asking did you, for example, know that there was less than 30 connections with €1 billion exposure each?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: It wasn't shared with the DSG?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Can I just ask - and move on, Mr. Beausang -from the information and the analysis provided from by the CBFSAI and our advisers, was it known that a financial institution was in difficulty in late 2007 or early 2008?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Was it known by the information and the analysis provided by the CBFSAI and/or to its advisers, and I'm talking about you as advisers, as the DSG, if there was a financial institution in difficulty in 2007 or 2008?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: It wasn't?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Okay. Just-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: There was an e-mail exchanged between yourself and Brendan McDonagh from the NTMA in relation to the potential costs on the sovereign for a blanket guarantee for all of the financial institutions. I don't think it's in this booklet but it was mentioned this morning-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Please. The cost to the sovereign, to the State, to provide the guarantee - were you, on the night of the guarantee, were you questioned about that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: You weren't. Was that information made available to the people making the decision in relation to a blanket guarantee to all the institutions?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: You were aware that there would be a cost to the sovereign following the exchange of e-mails between-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: -----Mr. McDonagh and yourself.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: You didn't inform the meeting-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: I just want to finish this point-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: You didn't inform the meeting that night that there would be an additional cost to the State if they took on-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: Thank you, Chair. In relation to the draft press release, Mr. Beausang, who else other than David Doyle had received this draft?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
Michael D'Arcy: And do you know who instructed the official in the Central Bank? You don't?