Results 8,141-8,160 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: I ask you just to ask the question.

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

Ciarán Lynch: Thank you. I call Deputy Joe Higgins.

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

Ciarán Lynch: I wish to interject and shall give Deputy Higgins back some time. The professor has acknowledged his regret on several occasions this morning. I advise members of the committee not to repeatedly ask the same question in order to get him to say it on the record. At this stage the professor has stated his regret between eight or ten times.

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

Ciarán Lynch: We will wrap up after this section.

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

Ciarán Lynch: I thank Deputy Higgins and Professor FitzGerald. I propose we suspend the meeting and resume at 11.25 p.m. Is that agreed? Agreed.

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

Ciarán Lynch: I propose that the committee resume in public session to recommence our engagement with Professor FitzGerald. Is that agreed? Agreed.

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

Ciarán Lynch: Before I move on to the next speaker may I put one question on that to Professor FitzGerald? In the stress testing proposal that AIB brought forward to him, was the issue of credit concentration limits actually part of that examination?

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

Ciarán Lynch: Just to put a framework on what Deputy Murphy has been saying, in his earlier engagement with this inquiry, Rob Wright spoke about the information loop that should be in place between the Department of Finance, the Government of the day and maybe the Central Bank and other agencies. He said such a loop will provide a voice to take either pro-cyclical or counter-cyclical decisions on the...

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

Ciarán Lynch: Going from memory, I would not ask Professor FitzGerald to use names, but he could identify the level from which those responsible were coming.

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

Ciarán Lynch: That may be a bit leading.

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

Ciarán Lynch: I know.

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

Ciarán Lynch: That is a leading question.

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

Ciarán Lynch: Yes, but you do not-----

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

Ciarán Lynch: When the meeting is over-----

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

Ciarán Lynch: I will give the Senator the time back later on, but if he wishes I will go over the replay-----

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

Ciarán Lynch: I am stopping the clock now. I will go back over the text later on. These proceedings are recorded. Senator MacSharry asked a question but that was a leading question and we can watch the player later on if I need to demonstrate it to him. Professor FitzGerald is back in possession.

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

Ciarán Lynch: I ask Professor FitzGerald to respond briefly if he can.

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

Ciarán Lynch: Perhaps the question should be to ask Professor FitzGerald to comment on that.

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

Ciarán Lynch: Well it is but the Senator needs to say it not me.

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

Ciarán Lynch: I call on members to ask one final question each, starting with Deputy O'Donnell.