Results 4,921-4,940 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: I will ask a leading question. When Dr. Bacon concluded his report, were the banks solvent or not in his opinion?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: May I ask the question a little bit differently then?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: Would the quantum of funds required have wiped out the banks' capital ratios?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: Does Dr. Bacon have any knowledge on the subsequent NAMA pricing model?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: So Dr. Bacon has no information on that, along with everybody else. Point 32 on page 8 of Dr. Bacon's submission states, "In conclusion, it appears that the Asset Management approach has the potential to offer greater assistance to achieving resolution of the impairment issue upfront and maximising taxpayer returns, over the longer term." Has NAMA been run in an appropriate way to...
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: I ask about Dr. Bacon's third report, which was implemented.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: Yes. The implementation of the recommendations that had the effect of cooling the property market-----
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: Sorry, the first report in 2001. Subsequently those recommendations were removed. Does Dr. Bacon believe that the then upcoming general election had any influence?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: Professor Ahearne is very welcome. What was his reaction to the news that the bank guarantee had been put in place on the night of 29 September?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: At that stage, when no major analysis or empirical research were available, did Professor Ahearne think it was a good or a bad idea?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: Professor Ahearne had spoken with the Minister, Brian Lenihan, in mid-September 2008 - the dominos conversation. The guarantee was put in place, and at the end of December he wrote:In the case of a failing bank, the EU will only allow state funds to be used to wind up the bank or for a complete restructuring. Rightly so. Pumping funds into failing banks is simply pouring taxpayers' money...
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: Professor Ahearne used it.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: We knew subsequently that Anglo Irish Bank and Irish Nationwide Building Society were failing. In that case, pumping money into failing banks was simply “pouring taxpayers’ money down the drain”.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: Did the bank guarantee lead in part or completely to the nation’s bailout in late 2010?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Michael D'Arcy: One third of tax receipts prior to the collapse of the banking sector were coming from transaction taxes and capital taxes. How would you itemise that quantum of tax coming from a source of funding that is not available every year?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Michael D'Arcy: Is Mr. McWilliams satisfied that the Minister was on top of his brief when he was discussing those matters with him in early September?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Michael D'Arcy: Can I ask Mr. McWilliams about the telephone call he received from John Gormley? When was that? Was Mr. McWilliams in China at that stage?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Michael D'Arcy: Did Mr. McWilliams ask him?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Michael D'Arcy: What was his response?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Michael D'Arcy: Did Mr. McWilliams get the impression from his conversations with two Ministers at a crucial time that there was an inability within-----