Results 3,461-3,480 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: No - I am talking about the recapitalisation process following the last stress test.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: Following the last stress test, recapitalisation took place that took into account losses in the mortgage market. Is that not correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: Potential losses that would be incurred.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: No, but it was allocated for losses.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: If a mortgage collapses, it is a loss and may be a write-off under the forthcoming insolvency legislation.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: On that basis, I am at a loss. Bank of Ireland might be structurally different from AIB, but although we asked the bank to provide the committee with specific information on questions 13, 15 and 16, Bank of Ireland refused to give us that information, saying it could be sourced elsewhere or that it would not give us that information. Putting it simply, if the State had not stepped in, Bank...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: This information was given without question by AIB yesterday afternoon and it would have the same commercial sensitivities in the open market.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: AIB was given the exact same questions as Bank of Ireland.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: With regard to two banks that have been capitalised by the State, I am at a loss to understand why one can give us information -----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: I was about to bring Deputy Mathews in on this. He has just under ten minutes to contribute.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: To what exactly is Deputy Mathews referring there?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: Deputy Mathews's time has expired.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: The question is peculiar.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: Okay, I will leave it with you. You are like Columbo. You have one more question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: We have plenty of time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: Do you wish to read the letter into the record, Deputy?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: Deputy Humphreys, if you wish to make such a statement I will have to ask you to put the letter on the record.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: I will allow you to go through it.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: I will summarise my reading of the letter. Deputy Humphreys, you are saying that the letter gives the impression that the variable rates will be better when measured against tracker rates at some time in future. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Discussion with Bank of Ireland (1 Nov 2012)

Ciarán Lynch: Were all the recipients tracker holders?