Results 4,981-5,000 of 6,295 for speaker:Michael D'Arcy
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: There are a number of cases against the rating agencies in the United States. Are there cases pending in respect of the big three in the eurozone? Finally, I would like Mr. Buti's view on the big four audit firms prior to the crisis.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: I welcome Dr. Donovan. I read his book. On the bank guarantee, on page 200, he wrote:The decision provided a comprehensive government guarantee in respect of the financial obligations of the six domestic institutions - Allied Irish Banks (AIB), Anglo Irish Bank (Anglo), Bank of Ireland, Educational Building Society, Irish Life & Permanent and Irish Nationwide Building Society (INBS)...
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: Footnote No. 6 states:Foreign banks operating in Ireland subsequently were offered the option of availing of the guarantee for a fee similar to that levied on domestic Irish institutions. However, in the end, they decided not to participate. Which banks, of which Dr. Donovan is aware, were offered the extension of the guarantee?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: Then I will explore Dr. Donovan's view on the bank guarantee. We were quoted the gross figure of €64 billion initially. Then Governor Honohan stated a figure of €40 billion. Would the figure have been higher if those banks that were offered the extension of the guarantee had decided to participate in the offer for them to be covered, and if it had been higher, does Dr....
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: Billions of euro?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: Tens of billions of euro?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: In Dr. Donovan's book, on page 183, there is a chapter entitled, "9.3 Maximizing Liquidity Availability and the NTMA Deposit Episode". Would Dr. Donovan expand on the NTMA deposit episode?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: Could the NTMA have disallowed the option of placing funds into Anglo Irish Bank, if it had decided against it?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: I refer Dr. Donovan to page 195, the second last paragraph.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: It states:The NTMA reluctantly complied with explicit government instructions. However, one can conjecture as to what might have happened if the NTMA, given its considerable professional experience and standing, had sought to press at high levels its significant misgivings with respect to Anglo. Would Dr. Donovan discuss that further?
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: It is Dr. Donovan's book.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: It is pre-guarantee.
- Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)
Michael D'Arcy: Should the NTMA have offered that view to the Department of Finance?
- Seanad: Betting (Amendment) Bill 2013: Committee Stage (11 Feb 2015)
Michael D'Arcy: I concur with the other Senators who have spoken, specifically in regard to these new technologies. The destructive technologies are the use of the Internet which gives the opportunity for people to gamble with abandon. Senator Craughwell made the point that people are able to spend as much money as is available to them there and then. That is not something I do not support nor should this...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: Professor FitzGerald is very welcome. In respect of no censorship, no influence, when people make statements and use words like "treason" about documents the professor publishes is there not a certain amount of latent influence-----
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: Is there influence in the use of words such as "treason" about papers the Professor publishes? Is there a latent influence?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: Could it influence a less senior member of staff to temper his or her language or their paper?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: The professor makes the point that he decides what he does within the ESRI in respect of the papers he publishes. The ESRI is probably the largest economic think tank in the State. I looked for the analysis of the nation’s banking sector collapse. There seems to be very little analysis by the largest economic think tank of the €100 billion collapse of the Irish banking...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: I thought there would be a macro level paper encompassing how the collapse was as extreme as it was. What the Professor is saying is that there were several-----
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)
Michael D'Arcy: Why is there no macro level paper on the banking collapse?