Results 7,761-7,780 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Mr. Nyberg is referencing his analysis of the situation to the context of 2008 and the view then. To what extent, and with regard to the subsequent information Mr. Nyberg has had regarding the Irish banking sector since his report, has his assessment of the situation changed?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Will Mr. Nyberg clarify that? Is that prior to the guarantee period or prior to the bail-out programme?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Sorry, Senator, I will have to just forewarn you in terms of views that you might hold. It is the report that we are referring to, so I would ask you to be moderating in any value judgment that you would be implying in your question that may be leading or may be presenting an objective bias in it.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: The Senator is raising the question of whether there were contrarian views.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: I did.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: The Senator has some time remaining. Does he have any other question he wants to raise?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Okay. I call Deputy Kieran O'Donnell.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Regarding the-----

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: What was the composition of the group? Was the Department of Finance involved? What Departments were represented in the composition of the group?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Yes.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: I might make an intervention here as well. The members of the DSG are within the terms of reference of this inquiry. Mr. Nyberg's examination is what Deputy O'Donnell wants to get to. Did Mr. Nyberg meet the members of the group? If so, did he meet them collectively or separately? It is a very simple question. I will give Deputy O'Donnell some time for this. Could Mr. Nyberg tell us...

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: There is an old saying in Ireland that a meeting is not over not until everything has been said, but until everyone has said something. There is a little more time I would like to accommodate. A number of members have indicated and I will accommodate every other member who wishes to come in, but on the timeframe of one question within one minute, with Mr. Nyberg to reply. I will go through...

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: I made an error earlier. Senator D'Arcy should have been before Senator MacSharry. My apologies.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: That has already been dealt with so I will just take a very brief response.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: I call the meeting into public session. The agenda today is a public hearing with Mr. Rob Wright on the report of the independent review panel, "Strengthening the Capacity of the Department of Finance." In doing this, I would like to welcome everyone to the second public hearing of the Joint Committee of Inquiry into the Banking Crisis. I welcome Mr. Rob Wright to discuss the report of the...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: Define what "pro-cyclical-----

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: In layman's terms, define what "pro-cyclical fiscal policy" means for people who may be viewing the hearings this morning.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: And I come from Cork, which probably makes me even harder to understand. The term "pro-cyclical fiscal policy" arises a number of times in the report. In layman's terms and because people are viewing these proceedings, could Mr. Wright explain what it means?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: I thank Mr. Wright. I shall deal with some broader aspects of his report before inviting Senator Barrett and Deputy John Paul Phelan, as lead questioners this morning, to commence. Mr. Wright reached a conclusion on page 36 of his report that he does not accept the notion that the Department is not fit for purpose. However, the report made 50 recommendations in all, many of which with...