Results 4,761-4,780 of 6,295 for speaker:Michael D'Arcy

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: That is understandable.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Was the group heavily indebted?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: By debt.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Was there debt with Irish banks?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Does Mr. Doorly have a ratio of what the debt was with Irish banks versus external banks?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: One third Irish.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Please. There was subsequently a substantial write-down.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Would that not be a-----

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: After that.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Does Mr. Doorly mean €300 million?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Would those events not be outside of the normal cycle of events?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Was there a drag on the Irish finances to subsequently underwrite those areas where there was external loss-making?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: I have two minutes which is not a lot of time to ask Mr. O'Regan many questions. He came prepared and brought some examples with him of where the paper was correct in its outlook or forecast. Has he brought examples of where the paper was incorrect in its outlook?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: Can I give my example?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: I shall refer to a Sunday Independentsection. I know Mr. O'Regan was not its editor but he is the editor from the group who is here today.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: I understand.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: I am asking for Mr. O'Regan's opinion as an experienced editor, if he will allow me please. I am speaking about the stewardship of a financial institution. The article reads: "Sure, he needs more heavyweights on the board. Sure, he has been overzealous in his pursuit of defaulters." I am sure the Chairman will be happy to know that I shall not name anybody. The article continued, "Sure,...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: It was 27 April 2003.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: I shall continue to leave the gentleman's name out. The article continued, "But ...., for all his faults, he has delivered...."

Committee of Inquiry into the Banking Crisis: Context Phase (26 Mar 2015)

Michael D'Arcy: The article continues, "But ...., for all his faults has delivered the only thing that matters in business: profit." What is Mr. O'Regan's editorial opinion on such statements, please?