Results 4,361-4,380 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: Okay. I'll read it out:Furthermore, the mortgage system does not automatically flag cases of underwriting outside discretionary levels or credit policies. Identification of such exceptions is a manual process, done by looking at two of the loans approved per member of the Underwriting Team a week. If a loan is underwritten outside of discretion[ary] levels, and the underwriter omitted to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: Well-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: Was able to find them, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: Can I just make the point that the date of that is 12 December 2007. The show is over at this stage -----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: We had gone over the peak of the boom. We had gone over the peak of the boom at that stage. Certainly that type of an exception should have been, one would imagine, should have been reported earlier.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: Earlier.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: And how long before that ... I just want to finish my point, Chairman because -----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)
Michael D'Arcy: How long before ... how long was this practice going on before it was finished? In terms of that last paragraph?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Thank you. Mr.Torpey. You know, we've books of evidence here, but can I just ask you a very simple question? Is there any responsibility ... is there any accountability in the banking sector then and now? Does the buck stop anywhere?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: And in what way are they accountable? Do they lose their job, do they get sacked, are they fired? In what way are they accountable?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: And the appropriate sanction is what?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: How often are you aware that that has happened?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: And can people be dismissed for incompetence?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: In evidence yesterday, I put it to Mr. McCarthy that the Ulster Bank sector of the RBS was about 3% in the year that you left; '08, 2%; '09, 3%. So it was ranging between 3% and 2% and yet of the €46 billion that were placed into Ulster via RBS, via the UK taxpayer, Ulster Bank took about a third of it. How would you describe the handling of Ulster Bank since you joined from First...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Can I ask, Mr. Torpey - I don't have very much time left - you said that the pay levels at the time were very, very high, that was ... that's your quotation. Are the pay levels at the moment very, very high in the banking sector?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: And, Mr. Torpey, you're working with Bank of Ireland now?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Yes. Would you like to share what your current pay is with Bank of Ireland?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: That's a no?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Okay. Mr. Gallagher, you're now working with a private equity firm; is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Yes. Would you like to share what your current pay is?