Results 4,621-4,640 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Can I ask, Mr. Forde, in terms of your sector ... your sector was ... from evidence from Mr. Gleeson this morning, was effectively the sector that brought the bank into insolvency.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Your division. Were there people within your division who offered contrarian views and if there were was it ... Mr. Gleeson outlined an avenue in which those concerning views could go directly to him. Did that happen on any occasion within your sector?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Never?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: But ... I would have assumed that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: So that avenue was unused?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: As far as you are concerned, in your division.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Did anybody come to you directly with a contrarian view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: From within your division?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Can I just ask you how many-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Finally can how many within your division that you would have been within had your conversation with in terms of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: And then?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: And finally can I ask, Mr. Forde, would that not seem unusual that everybody was on the same page? That surely there would have been somebody with a contrarian view that the loan book ... that the balance sheet was expanding too rapidly, that there was an overexposure to the group, that potentially, I mean I'm surprised that nobody took that opportunity to say it to you, I'm surprised that...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Michael D'Arcy: Well, the question I'm asking is, were people afraid to offer a countering view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Thank you Chairman. I am just going to continue where you finished Mr. Daly please. These private equity funds that have come in, you have commented that there has been a sale in the region of €6 billion towards private equity funds. The oversight of these funds- both nationally, here, and internationally - is there any?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Can I ask Mr. McDonagh ... the average loan discount ... and I am operating from the core documents of NAMA - NAMA C4b Vol. 1, dated 31 March, page 26. And this is a presentation you made, Mr. McDonagh to the public accounts committee on 13 January 2011, "[The] loans transferring to NAMA was actually going to be less than the 30% estimate in the [Minister ...] Minister's September...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Can I ask the information that was exchanged between the bank ... the banks and yourself? Was Project Atlas part of that information?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: The PwC report?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Just to be very clear, Chairman ... I suppose what I am trying to probe is ... Project Atlas was the PwC report commissioned by the Financial Regulator and it was presented to the Minister in March '09.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Michael D'Arcy: Was presented to the Minister in March '09. And you're dealing with the banks in ... at what, summer '09? That report ... PwC were paid €5 million for the valuations for ... I think the fieldwork was concluded December '08. So what you are telling me was Project Atlas, which was commissioned by the Financial Regulator, was presented to the Minister in March, wasn't given to you in...