Results 8,301-8,320 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: I wish to round off with an issue raised by Senator O'Keeffe. Does the professor believe that the Government should have made a different decision in 2008, given the information it had to hand and will he outline to us the information he believes the Government had at that time?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: I cannot take that question, Deputy because we are out of time. I now call Senator MacSharry.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: I cannot take the judgment question that Deputy Higgins just asked.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: That is a leading question.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: The Deputy could just ask how the banks behaved.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Professor Connor is the witness and can say whatever he likes.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: This is a leading question. Just ask the question.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: The Deputy is out of time.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: You are not to, although you can name institutions.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: I advise Professor Connor to be mindful. In the nexus phase, we will deal specifically with individuals from the financial institutions. I would not advise him to name individuals, but he can base his response on evidence in terms of behaviour and attitudes in the banks.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Deputy, you are moving into individual territory and also into matters that might be the subject of a criminal investigation, so I will pull you back from that area and ask you to change your line of questioning.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: The Deputy is over time. Will he put his question?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: I want to move on to deal with a couple of matters. In Professor Connor's deliberations today he spoke about net foreign borrowings and the proposal that Irish banks should have contained or limited these at that time; I assume that in terms of a recommendation he would be making that going into the future as well. Could Professor Connor explain to the committee how that can happen, given...
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: That is not the question I am asking Professor Connor. I am asking him whether this can actually be done under existing European law?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Professor Connor spoke at length this morning about illiquidity and solvency. In general terms, in any given country or at any given time, should a Central Bank and a financial regulator be cognisant of the solvency of the banks under its remit? Should that be part of its day-to-day job?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Was that behaviour visible during the crisis period?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: I want to touch back upon the issue of ELA because this has been referred to by a number of different witnesses so far. Was ELA provided to the Irish banks after the guarantee?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Given Professor Connor's comments this morning that two of those banks were insolvent prior to the guarantee - one would then assume that they remained insolvent after the guarantee - how was it that the ECB was able to provide ELA? The rules of ELA are very clear with regard to solvency; money cannot be given to insolvent banks.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Can Professor Connor expand upon that? Did the provision of ELA after the guarantee reflect the structure of ELA's intended use?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Was the provision of ELA after the guarantee in line with its intended use?