Results 4,381-4,400 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: No.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Thank you. When you left Ulster Bank, Mr. Torpey, did you receive a golden handshake?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: And how much was that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: And, Mr. Gallagher, did you ... when you left Ulster Bank, did you receive a termination payment?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: And how much was that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Chairman, just some of the ... I mean, there seems to be a ...it was somebody else's fault, it was somebody else's ... it was a system, it was the model, it was the banking accounting rules, it was the crisis management, group risk committee. There just doesn't seem to be any taking possession of responsibility and we have two senior bankers at the moment and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: What I'm saying is we have one person in a bank and one person in a private equity firm. Is the responsibility there today in relation to taking ownership of potential difficulties that may be in the banking sector or, for Mr. Gallagher, in the private equity sector? The private equity sector is less regulated than the existing banking sector. That's a question for both, please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: No, I'm trying to pursue your opinion now that you're in a private equity firm.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Thank you, Chairman. Mr. McLaughlin, Brian Goggin in evidence previously stated that he met with the ... met ... on Dame Street, in the Central Bank building, with representatives from the Financial Regulator's office in the Central Bank, and he was requested would he consider taking over INBS. Were you contacted by Mr. Goggin or were you in the loop in relation to that conversation at any...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Okay. Mr. Beggs, in terms of the Anglo ... representatives from Anglo Irish Bank, on the same day, arrived at AIB buildings and requested would they consider being taken over. Were you in that loop in relation to that conversation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: No. Okay. Can I ask Mr. McLaughlin, in terms of the discount of the Bank of Ireland loans that were transferred to NAMA, your reaction when you heard of the 43% discount?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: I could comment but I would be-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Same question for Mr. Beggs, about AIB's discount.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: And same question for both of you, was the establishment of NAMA with the mark to market at the lowest point, was it a mistake?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: That's contrary to what representatives of NAMA have said, that they are a model.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Mr. McArdle, I'd hate to leave you out over there. Ulster Bank didn't participate with NAMA Were you surprised at the quantity of funds required from RBS for Ulster Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: Mr. McArdle, on page 3 of your statement, point 4, "I want to make the following points ... The Regulator's management and board bear most responsibility for the collapse, here as elsewhere". More responsibility that the banks, who over-lent?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Michael D'Arcy: In golf, there's an etiquette that you don't break the rules.