Results 3,881-3,900 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Okay, that's fine. Within the Department of Finance, who is the best placed person to ... who is the best informed person in relation to the entire banking sector in your view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Thank you. Can I just refer to your ... our Department of Finance document, Vol. 2, please. And if we start with the crisis simulation exercise which was late in 2007-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Number seven.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Crisis, page 7.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Yes, so it starts with the crisis simulation exercise and then it moves to the summary of each individual group who participated and the Central Bank feedback on page 12 and it says to a number of points that are outlined why it "meant ... it was not possible to carryout a systemic impact assessment". And move to page 15 which was the Financial Regulator's feedback, "The assessment of the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: I'm asking your view, Mr. Doyle, please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Can I go to page ... same volume, page 93 and 94. There was an e-mail to yourself from Brendan McDonagh. I'm not sure if this is protected. Is this protected? No. This is from Brendan McDonagh to William Beausang.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Yes. And it's also available to yourself, cc'd to yourself. And the question was in relation to the impact of a full guarantee, and this is dated 26 September 2008. So this is three days before the actual night of the guarantee. And Brendan McDonagh says:This is very difficult to answer as the potential real exposure to the Exchequer of writeoffs is not yet independently qualified. The...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Michael D'Arcy: Mr. Doyle, the Wright report, Nyberg report, public accounts committee report and Professor John FitzGerald were... none of whom were satisfied that the Department, the Department had neither ... the Wright report states:The Department had neither the time nor the resources to conduct in-depth investigation of issues. There was a shortage of skills in the requisite disciplines. Do you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Michael D'Arcy: Thank you, Chair. If I could start, Mr. O'Reilly ... the memorandum between the Central Bank and the Financial Regulator dealt with responsibilities of the CBFSAI and IFSRA. Was there clarity in what should be dealt with by you, as the regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Michael D'Arcy: And, with the clear analysis of each person's roles, was there any crossover or should there have been any crossover in a formal or an informal manner?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Michael D'Arcy: Mr. O'Reilly, on Vol. 2 of your documents, page 44, the Nyberg report-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Michael D'Arcy: Vol. 2, page 44. Mr. Nyberg was talking about the Central Bank and yourselves - the interaction between you both. The very last line of 4.2.2: ''it was even suggested that detailed enquiries by the [Central Bank] regarding the basis for the [Financial Regulator's] assessment ... could have been regarded as an unacceptable intrusion into the autonomous status of the [Financial Regulator]''....
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Michael D'Arcy: 2.2.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Michael D'Arcy: Oh, sorry, 4.4.2. Sorry, sorry.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Michael D'Arcy: The last line on 4.4.2. Would you have felt it an unacceptable intrusion into the autonomous status of the Financial Regulator if the Central Bank - the Governor - had proceeded?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Michael D'Arcy: So what you're saying is that ... that does not apply to your period as CEO of the Financial Regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Michael D'Arcy: You would have felt relieved?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Michael D'Arcy: Are you aware, in the Honohan report, where Professor Honohan states that there were tools ... tools available that were not used?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Michael D'Arcy: Did it work?