Results 8,101-8,120 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: Thank you, Mr. Nava. Deputy Phelan is next.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: Do not be insulting, please.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: Do you have a comment on that, Mr. Nava?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: I wish to clarify one thing. The Commission deals with national structures. Sanctions with individual banks is not a matter for the Commission; it is a matter for national supervisors.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: There is an application of prejudgment in referring to washing hands.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: It is not Mr. Nava's area of expertise.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: To what is Deputy Higgins referring?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: Senator MacSharry's contribution is very colourful but he should stick to asking questions.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: The Senator also answered it.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: The witness may not be able to answer the question.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: If you have a supplementary-----

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: You may not, because we may run out of time. Mr. Nava has to be gone by 2.20 p.m.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: As we move to concluding, Mr. Nava may have some final comments he wishes to add. I want to deal with a couple of matters. I am not too sure if we have a matter concretised. In regard to the credit concentration limits which are coming down the track and on which the Commission is currently working, is there a recommendation on what banks have to have in terms of credit concentrations?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: The reason I am pinning you down on this is that this is an issue which this inquiry has been looking at and will continue to look at. In 1996 the Central Bank in Ireland, in its winter bulletin, gave very clear recommendations to specialist areas with regard to sectoral credit limits. By the early 2000s, it looked as though, particularly with the testimony which has come before this...

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: We began with a football analogy and you introduced the football team Glasgow Celtic. Glasgow Rangers got itself into trouble because it obeyed some very basic accountancy rules in running a football club and ended up getting itself regulated into a new league. We have a situation where, because a football club becomes insolvent, a very measurable outcome happens. This is football. Bill...

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: To conclude, I can appreciate that your new rules would have the expectation that you would have less of the behaviour that causes banks to crash and that may result in fewer penalties. Maybe I am misinterpreting what you are saying. Are you saying that the Commission is not looking at increasing the tariff, which is the penalty in terms of moving from a fine to a criminal sanction? Is...

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: Thank you, Mr. Nava. Is there anything further you wish to add or have you concluded?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: I thank Mr. Nava for his participation at this inquiry and I thank the European Commission for co-operating and engaging with the inquiry's hearings. I know Mr. Marco Buti will attend in a few weeks. Again, on behalf of all the members of the committee, I thank Mr. Nava for his valuable, informative and detailed engagement with the committee.

Written Answers — Department of Communications, Energy and Natural Resources: Hydraulic Fracturing (10 Feb 2015)

Ciarán Lynch: 609. To ask the Minister for Communications, Energy and Natural Resources his views on correspondence (details supplied) regarding fracking; and if he will make a statement on the matter. [5899/15]

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Ciarán Lynch: The committee is in public session. Today we will hear from Professor John FitzGerald on issues relating to the international, EU and domestic policy context for the banking crisis in Ireland, and in particular the ESRI's medium-term reviews in the years prior to Ireland's banking crisis. I welcome everyone to the eighth hearing of the Joint Committee of Inquiry into the Banking Crisis....