Results 7,881-7,900 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: On any occasion, did the Central Bank raise concerns in that forum on how financial institutions were operating, particularly with regard to concentration limits, or were any concerns brought to the attention of the group by either the bank or its members? Did this issue arise there? Something happened in the Central Bank which meant it stopped examining this. I am trying to figure out...
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: Before I bring in Senator D'Arcy, I will make a final comment. Like most industries, they want to grow. Would it be a fair assessment of that time that the only area in which growth could actually happen at the speed and the rate at which it was seen to required was in the area of property?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: But they were all growing that fast, as we know now from looking back at the records.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: There was exponential growth but the only growth that was happening-----
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: -----was in the area of property. What we had was massive growth in property yet we had a Central Bank position with regard to sectoral concentration which was completely out of kilter with what was actually happening in the industry. Would that be correct?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: Professor Honohan is saying that letter was a dead letter.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: Thank you. I call Senator D'Arcy.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: The Governor can best answer-----
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: That is a question we may be asking more specifically and directly to the individuals who may be able to answer it more accurately than Professor Honohan later on in this inquiry.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: What Senator D'Arcy is asking you, in fairness, Professor, is whether we got €11 million worth of advice.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: Department of the Taoiseach officials are there.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: I will give the Deputy just another few minutes.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: This is the Deputy's last question
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: That question is somewhat leading. I ask the Senator to refrain from asking it.
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: This is very much in direct contradiction to what Peter Nyberg told the committee. He said warnings of stability risks appear to have been sidestepped internally or were made public, especially in the financial stability reports, but toned down in policy conclusions. Also, when material warning about risk was provided, he said there were clear indications that little attention was paid to...
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: So you agree with Peter Nyberg?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: Do you agree with Peter Nyberg that toning down did take place in the financial stability reports?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: My understanding is that the financial stability committee deals with the financial stability reports. Is that where the toning down took place?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: Did your examination find examples of toning down taking place at the financial stability committee?
- Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)
Ciarán Lynch: Thank you. I call Senator MacSharry.