Results 4,221-4,240 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Michael D'Arcy: You were unaware he had met with senior members of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: Thanks for the upgrade, Chairman. You're welcome, gentlemen. Can I ask you, in relation to the policy exceptions, did PwC ever review the loans that were outside of the policy exceptions? And the booklet is the PwC booklet, Vol. 1, page 43 to 48. The policy exceptions place.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: And each year there was a number of exceptions to the policy. And would you have reviewed a sample batch on each?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: Sorry. What I'm trying to get at is, the following year there's another ... percentage of exceptions. When exceptions went through the process and were sanctioned by the bank, did PwC pursue another sample each calendar year as there were exceptions flowing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: Every year.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: Okay. Page 47 of the ... of your booklet: "Bank of Ireland transferred 191 connections to NAMA with [an] aggregate ... value of [€9.76 billion] ... Cases including policy exceptions [were] identified [of] 139 out of 191 ... [or] ... (73%) with aggregated exposure of [€8.78 billion]". That seems like a very, very high figure for exceptions ... for a huge quantum of money. Were...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: And can you comment on the level of exceptions, 72%, please?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: The ... we know the NAMA numbers were ... people who were transferred were people with €20 million plus. I just want to take the comparison between that and the policy exceptions for owner-occupiers and the policy exceptions for buy-to-let mortgages. The policy ... on page 47 ... on ... in 2005 we have the policy exceptions for owner-occupiers at 10% and for buy-to-lets at 20% ... at...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: I understand that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: And can you comment on the ... on the percentage difference between owner-occupier exceptions and the buy-to-let exceptions? -----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: -----two times or three times the difference.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: Could you offer an opinion, please?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: Thank you, Chair. Mr. Fitzgerald, what changes, if any, to the auditing process should be taken in to improve the current structures?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: And in terms of ... what’s your opinion in relation to audit firms to further improve the supervisory and the regulatory process of banks and financial institutions?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Michael D'Arcy: Outside of the move to codify those protocols, those non-statutory provisions, anything else you could think of that should be incorporated that haven’t been to date?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael D'Arcy: Thank you, Chairman. Mr. Crowley, in the opening statement from Mr. Burrows, on page 2, strategy '01 to '06, strategy '02 to '07, strategy '03 to '08 - were they taken in your time as chairman of the board of directors?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael D'Arcy: Page 2 of the opening statement.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael D'Arcy: No, it's Mr. Burrows opening statement. That is your opening statement.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Michael D'Arcy: The full written copy.