Results 3,321-3,340 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I will be specific with Mr. Dukes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I will be specific in a general way, if that is the case. A company that has been losing €20 million a year in Ireland, which employs several hundred people across the country - and in regions close to me employs 50 or 60 people - has an unsustainable rent agreement. Two independent rent reviews have said that the rent would be half of what it is at present if market rent were...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I will conclude on this because I am going to bring some other speakers in. What makes the IBRC different from NAMA? Although the IBRC is a State-run bank, NAMA is probably even less of a State structure in many ways. If the committee needs to raise this issue with the Minister for Finance it will do so. However, given the Minister's instruction to NAMA last year with regard to...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Can you be specific about some other methodology? I ask Mr. Dukes to give us supplementary information on the number of cases in which the IBRC is acting as a landlord in the Republic of Ireland. Can he provide us with information as to how many rent reviews have been sought from those properties and in how many cases a rent reduction has been introduced? That is statistical information,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I am not looking for the names of the 100 companies. I would like to know, however, in how many cases a rent review has been sought and in how many cases a rent review has led to a reduction.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I take it that Mr. Dukes will provide that information to the committee in supplementary form.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Deputy Timmins should allow the witnesses to respond and then ask the remainder of his questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Mr. Dukes did not have to come before the committee to tell us that. We knew that already.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Deputy Timmins and Mr. Dukes can engage in discourse over the future of life over a cup of tea. Would the Deputy put some questions to the witnesses? He has five minutes left.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Is this the Deputy's last question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: In future I ask members to ask questions back and forth because if they ask five or six questions in a row it is impossible for the journalists to follow it; it is impossible for me to follow it and it is impossible for me to ensure members get responses. I ask the Deputy to break his questions down into sections.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: No. What happens is that it just runs down the clock and in the time remaining the Deputy's questions might or might not get answered.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Mr. Dukes has three or four minutes to respond.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: We will have to conclude because we need to move to Deputy Pearse Doherty's questions shortly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Yes, but I am trying to get other members in to contribute. I will come back to Mr. Dukes later I need to be very disciplined in allocating 15 minutes per member.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: The Deputy has four minutes left.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: We have just under five minutes left.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: The timeslots are shrinking, so Deputy Twomey has ten minutes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Is Mr. Dukes now of the view that property is arriving at its real value as opposed to still being undervalued?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I did not ask if we had reached the bottom. I asked if we are approaching its real value, which is different.