Results 9,061-9,080 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Mr. Moran is already into the space of final comment on policy recommendations for the future. This can refer to both broader recommendations and for the sector. Does Mr. Moran have anything to add in that regard?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: On valuation, should it be regulated or should regulation be put in place by the Central Bank?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: With regard to a property professional in the Central Bank, is that someone who-----
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I will bring this morning's proceedings to a conclusion. The meeting with Mr. Moran has been very valuable and informative and has assisted the committee's understanding of factors leading up to the crisis. I also thank him for his co-operation and assistance with matters earlier this morning and for his flexibility in that regard. We are running late so we will suspend and return at 12.25 p.m.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: We are now in public session. The second session of today's hearings is a discussion with Ms Marie Hunt of CBRE. We are focusing on issues related to the nature and functioning of the commercial real estate market in the period prior to 2008 in the context of the banking crisis in Ireland. I welcome Ms Hunt. CBRE group is the world's largest commercial real estate service and investment...
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I thank Ms Hunt for her opening statement. I will get matters under way immediately and invite Deputy Pearse Doherty to lead off. The Deputy has 15 minutes.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I will just reframe it. Ms Hunt was valuing assets with regard to prospective purchases. Those purchases had a final price afterwards. Was there a comparative analysis done between the valuation price of the asset and the sale price of the asset of property to determine the accuracy of the valuations?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Are they below value or above value, or on value?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: The Senator will have to allow the witness to answer.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I do not think Ms Hunt left out the information about tax breaks. If the Senator wants to ask her questions about tax breaks, he can do that.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Is it a unique phenomenon that the developer of a shopping centre would then become the landlord as opposed to developing it and selling it on?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: In the European context-----
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I call Senator Marc MacSharry, who has six minutes.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: The next questioner is Deputy Michael McGrath. He has six minutes.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Deputy McGrath has a final question.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: In her opening address, a number of times this morning, and again with Deputy McGrath, Ms Hunt spoke about an independent data source for the sale prices. Does she have a view as to who the independent agency should be? Should it be Government, an NGO or something set up by industry?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I understand the sentiments that Ms Hunt has expressed because even in the house price database at the moment it does not record whether it is an apartment or a house or whether it has two or three bedrooms.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Does Ms Hunt see the industry as having a role in assisting the funding of this database, given that the industry would be a beneficiary of it in terms of having clear and transparent information for the customers that it works with?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Does Ms Hunt have a view one way or another on the industry's contribution to that being put in place?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Senator Barrett has six minutes.