Results 61-80 of 106 for nama speaker:Michael D'Arcy

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Mr. Duffy, you are about to leave AIB. You are about to move to another jurisdiction, you are probably in a better position than most now to offer a view in relation to the establishment of NAMA. I am not sure if you have seen the transcripts from NAMA's evidence to the inquiry to date. Could I ask your view ... was the establishment of NAMA helpful or unhelpful towards the banking crisis?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Michael D'Arcy: Mr. Duffy, thank you again; I think we're nearly there now. At the start, you used the term "staggering": €21 billion Government guarantee; €20 billion de-leverage; €11.5 billion NAMA write-down; the sale of other assets and the shareholder loss. Was AIB badly managed prior to your takeover of the bank?

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: ...with the Financial Regulator's office on this matter. We made it clear that our legal advice is that the loan-to-value information was provided [at a time] before the enactment of the NAMA legislation. As the NAMA Act did not exist at that time, any examination of the information provided prior to the Act could not be carried out under the NAMA Act or be actionable by NAMA under section...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Michael D'Arcy: In previous evidence, Mr. Peter Bacon, you seemed a little bit piqued, Mr. McDonagh, in relation to his evidence that he gave that NAMA is a ... I'll get the exact term that he used, I think - "a debt collection agency". You seemed a little bit piqued at that. Do you feel that is an unfair characterisation of NAMA?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Michael D'Arcy: It's the only figure that I have for rent from NAMA.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Michael D'Arcy: And you've commissioned research, NAMA have ... you've commissioned research?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Michael D'Arcy: The bank guarantee, we were informed, would be the cheapest in history. We were told €4 million to €5 million; the expectation was NAMA would have a write-down of less than 30%, it was double that. Did the bank guarantee and then the establishment of NAMA with the crystallisation of the losses to the banks, did that lead to the national bailout in your view, Mr. Daly?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael D'Arcy: Is Ms Hunt's firm currently retained by NAMA for works?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael D'Arcy: Does the firm work for NAMA?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael D'Arcy: It was in November 2012. Are the bargains associated with the assets in question optimal or suboptimal in relation to the sale by NAMA to the private equity funds?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael D'Arcy: The view of Dr. Peter Bacon in previous evidence was that NAMA had not acted as a professional property investment company but more like a debt collection agency. Could I ask Ms Hunt for her view on that considering that she conducts substantial market research?

Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)

Michael D'Arcy: Has CBRE taken on any staff from NAMA?

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: ...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 maximise taxpayer returns over the longer term?

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

Michael D'Arcy: ...'s view on the PwC report, which was published early in 2009 following the completion of the fieldwork relating to it in December 2008? How does he tally what it contains with what happened when NAMA was established some 13 months later with a 50% writedown?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Michael D'Arcy: May I ask for Professor FitzGerald's opinion on the establishment of NAMA?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael D'Arcy: ...the issue of the large increase in the banks' balance sheets. Mr. Regling does single out the commercial aspect of that on page 6 of his report. We now know 190 people who were transferred into NAMA had tens of billions of euro - over 50% of the entire loan book. When I say 190 people I mean 190 individuals or corporate entities. Should that have been pulled up immediately?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael D'Arcy: The report does not deal with NAMA, but can I ask Mr. Regling's view on the attempted solutions subsequent to his report - the establishment of NAMA? It is a follow-on from the question. There is an Irish saying that "if I was going somewhere I would not start from here."

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Michael D'Arcy: ...Dutch Governments on the Icesave debt had an interest rate of 3.2%. Professor Lane's paper, which he presented us with prior to this morning's meeting, seems to indicate that he was critical of NAMA. It states that in the absence of medium-term liquidity support, forced deleveraging over a short timescale can be self-defeating by driving down property values in a fire sale process. I...