Results 9,921-9,940 of 16,492 for speaker:Ciarán Lynch
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: This question has been answered a few times but I will ask for it to be answered once more.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: The Deputy will have to allow the witness respond, regardless of the response he gets.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: The Deputy may not agree with the response or may have a different interpretation of the matter but the response has been given and I would like to bring this to a conclusion. I want to clear up one matter and ask one question before bringing the meeting to an end. In his presentation Mr. Wallace said that in total there were 15,734 borrower groups comprising 24,632 loans for sale across...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: It was not the value of the loan.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: There is one final question that people who have stuck with these proceedings this afternoon will ask themselves. There is a crossroads ahead for the residential mortgage book. It will either be sold or go into NAMA, regardless of codes of conduct, mandatory, voluntary or whatever. When can we expect that determination or decision to be made?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: I would like to intervene here. I am bringing the discussion to an end shortly. I want to give everybody their share of the time, but will not keep the meeting going for ever. I need members to be succinct. There are to be no fishing exercises here. Once a question has been answered, we must move on to the next question. I ask members to have their questions ready.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: I have just one question. How much was PwC paid for the advice on selling the mortgage book?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: The Deputy's time-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: The Deputy is indulging.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: I call Deputy Spring.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: That brings me back to the question I asked Mr. Richardson and Mr. Wallace earlier. I will put it to Ms Nolan. Yesterday evening's announcement that everybody in the phase 2 bidding process is in verbal agreement to adhere to a voluntary code of conduct means there is a flat-line position between all of the phase 2 bidders, even if we might not call it a level playing field. Does this...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: Could Ms Nolan flesh that out for me so I can understand it?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: If one were to travel in that direction, would it mean that the current exemptions from Central Bank regulation would be reduced to facilitate these groups to come in?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: Okay.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: Yes.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: I remind the Deputy that the witnesses were invited to this meeting in their role as representatives of the IBRC.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: I do not intend to open a discussion on the broader stuff. Some of those matters are germane to this afternoon's business, but they are not under discussion.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: I am being flexible but Deputy Mathews is way over time. I will allow the witness to respond to his questions and then we must move on.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: We are just dealing with the questions, Deputy Mathews. We are going to wrap up now and while I am taking the wrap-up, I wish to clarify some matters. I understand that as an official it is not Ms Nolan's duty to give opinions on policy direction and so forth but perhaps she would explain, in legislative terms, what mechanism exempts buyers of mortgages from Central Bank regulation. What...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Sale of IBRC Mortgage Loan Book: Discussion (26 Feb 2014)
Ciarán Lynch: As I understand it, there are exceptions like retail credit firms and so forth, which are outside the scope of the code of conduct.