Results 8,601-8,620 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: I now call the committee back into public session. Is that agreed? Agreed. We will now commence with session 2 of this morning's hearings, which is a discussion with Professor Niamh Hardiman, UCD, on systems of governance. At our sessions this morning, we are focusing on the theme of relationships between State authorities, political parties, elected representatives, supervisory...

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

Ciarán Lynch: I thank Professor Hardiman for her opening statement. I will deal with two matters before I open up the questions to members. The first matter is political oversight. Which countries does Professor Hardiman consider to be more effective than the Republic of Ireland in their political oversight and how do they differ from the Irish political system? Further to that, to what extent are...

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

Ciarán Lynch: That issue was addressed with Professor Farrell this morning.

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

Ciarán Lynch: The question that was put to him was how would he rate the level of connection between the public and the public representatives in Ireland compared with other jurisdictions. Does Professor Hardiman have a view on this also?

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

Ciarán Lynch: The statement that madness is doing the same thing over and over and expecting different results has been attributed to many people, from Sigmund Freud to Roy Keane. With regard to Professor Hardiman's statement that Ireland has been very poor at ensuring that the appropriate lessons are learnt when things go wrong in the public service, can she provide examples of specific failures from...

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

Ciarán Lynch: I will let Deputy O'Donnell in again. Deputy Michael McGrath has 15 minutes.

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

Ciarán Lynch: I am sorry, but the Senator is out of time.

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

Ciarán Lynch: Final question.

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

Ciarán Lynch: I do not know if the witness has the skillset to answer that question.

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

Ciarán Lynch: All right.

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

Ciarán Lynch: We give a notification when it comes to reports. I shall allow the witness respond and shall take guidance from there.

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

Ciarán Lynch: Is this the Senator's commentary or is it contained in the report?

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

Ciarán Lynch: All right. I call Deputy Joe Higgins.

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

Ciarán Lynch: I am sorry to interrupt the professor but I call for order in the room.

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

Ciarán Lynch: I wish to wrap up with a number of matters before Professor Hardiman goes. Arising from the point Deputy Higgins has made, is it possible to introduce legislation to force the banks to implement better patterns of corporate governance? Do we need legislation in this area and would she indicate what type of legislation is necessary?

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

Ciarán Lynch: I do not want a generalisation. If Professor Hardiman does not have specifics I will move on. Am I correct Professor Hardiman, that you have written on political funding and donations?

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

Ciarán Lynch: Does Professor Hardiman wish to add anything further? The inquiry is not just about examining the past but also about considering the future to ensure that the mistakes of the past are not revisited on the public and the nation again.

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

Ciarán Lynch: I thank Professor Hardiman for her participation in the inquiry. It has been a very informative and a valuable meeting which has added to our understanding of the factors leading to the banking crisis. I think it should be noted that the appearance of Professor Hardiman is the first time a woman has come before the inquiry. I propose that we suspend until 3.30 p.m., at which time we will...

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

Ciarán Lynch: We will resume in public session. The Joint Committee of Inquiry into the Banking Crisis in now in public session for session 3, which is a public hearing with Professor Patrick Honohan to clarify oral evidence previously given to the committee. I welcome Professor Honohan, Governor of the Central Bank, to this session. Following his appearance before the committee on 15 January to discuss...

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

Ciarán Lynch: I thank Professor Honohan. The committee would like to further discuss four or five specific issues raised in his correspondence. The opening paragraph of his letter of 12 February refers to the question: "Did the Governor have the power to issue specific directions relating to a wide range of micro-prudential policies, including credit concentration limits, during the time prior to the...