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

Ciarán Lynch: Could that include credit concentration limits?

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

Ciarán Lynch: Can you give us the page reference for that?

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

Ciarán Lynch: Can you pose a question now? You are going to run out of time, Deputy.

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

Ciarán Lynch: Please let the Governor respond.

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

Ciarán Lynch: I am going to make an intervention here, Deputy.

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

Ciarán Lynch: The issue of the whole engagement around the night of the guarantee will be fully explored as part of the nexus review. Some of the individuals that you have mentioned this evening may actually be physically present in this inquiry room and we could probe into those areas. The matter at hand is to seek clarification on the substance of what the Governor actually said. Was it a reference to...

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

Ciarán Lynch: The Deputy can ask the question but he should not imply. No "surelys", just ask the question.

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

Ciarán Lynch: Was that a clear indication?

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

Ciarán Lynch: Sorry Deputy, if you ask your questions incorrectly, you are using up your time.

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

Ciarán Lynch: Please do not ask a leading question because you are not helping the inquiry by doing that.

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

Ciarán Lynch: Before moving on to Deputy Michael McGrath, I wish to round off an issue on that subject. Is the sourcing information on the potential Anglo losses material?

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

Ciarán Lynch: Is the source of the information on the potential Anglo losses, whether it was Mr. Cardiff or whoever, material in terms of Professor Honohan's report or the information he gave to the inquiry at his last appearance before us?

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

Ciarán Lynch: Is Professor Honohan saying the sum of money is material; not the individual?

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

Ciarán Lynch: Please allow the Governor to finish answering the question.

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

Ciarán Lynch: I will give the Deputy extra time. There is a bit of confusion over whether there were discussions with Mr. Doyle and Mr. Cardiff, and if so what was the nature of them. If Professor Honohan can conclude the point, we can move on.

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

Ciarán Lynch: I have given the Deputy a lot of space. I call Senator O'Keeffe.

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

Ciarán Lynch: There are four key points in the Governor's letter. I remind members that I will not be engaging in repetition or recovering ground. This is with regard to new information or about adding to the information that is relevant to the points made in the Governor's letter.

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

Ciarán Lynch: Will the Senator deal exclusively with Professor Honohan's letters? I am not going to delve into other witnesses' presentations. When we move to the nexus phase, that may become relevant, but I ask the Senator to focus on the four key points in the Professor's letter to the committee.

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

Ciarán Lynch: As I would like to be able to take a few days off next week, rather than bring Professor Honohan back again, will he, please, not make a casual comment?

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

Ciarán Lynch: With respect, Senator, on what we are trying to establish, I am not going into the matter of reading the minds of other people who were in the room that night. When we move to the nexus phase, we will have the opportunity to question those witnesses. The Senator's substantive point is that the committee invited Professor Honohan this afternoon to clarify this for the Official Report. You...

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