Results 3,781-3,800 of 6,295 for speaker:Michael D'Arcy

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: Okay. What time is on the original e-mail to David Doyle?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: Can you make that e-mail available to the inquiry?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: You worked on it for 20 minutes, on a revised draft. Who did you e-mail the revised draft to when you finished-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: Okay. Did you get involved subsequently during the night in relation to any press statements for the Government?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: Okay. And were you aware of any discussions about the banking crisis at the Cabinet meeting on the Sunday, the day before the banking guarantee? What was the earliest stage you discussed a Government blanket guarantee within the Department?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: Sorry, just to clarify-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: Sorry, when I say the Government guarantee, blanket guarantee, I'm talking about it moving from the theoretical stage to it being considered a very legitimate option, a very legitimate solution?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: Okay, and were the banks, or were the financial institutions in question solvent on the night of the bank guarantee, in your view?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: But I'm asking you your opinion now, with hindsight, in your view were they solvent? Your opinion.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: And is that a "Yes" or a "No"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: Sorry, Mr. Beausang, is it "Yes" or "No"? Were they solvent or not, please?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Michael D'Arcy: Your view now. With hindsight?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Mr. Cardiff, you are very welcome. In terms of liquidity, Mr. Cardiff, on page 9, you use a line: "A worrying situation had become a desperate situation in just a few short days." Could you explain the factors that led up to that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Page 9 of your opening statement.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Fourth paragraph, last sentence.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: In evidence from other people, other witnesses, Mr. Cardiff, we've been told that you can't bring down a bank overnight. Why did we allow the emergency start on Monday morning and we concluded on Monday evening? 29 September was a Monday. You had all day Saturday, all day Sunday knowing that Anglo Irish Bank were in a deep hole on the Tuesday.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Okay, please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: Okay. Well, can I just ask in relation to ... there was Merrill Lynch, the NTMA, the Minister for Finance-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Michael D'Arcy: -----and yourself who were broadly in agreement that Anglo should have been nationalised. Is that correct?