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Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Deputy Phelan, I will begin to commence the second round as we move on so. So the next up is Senator O'Keeffe, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: There's a confidentiality practice here now as well that NAMA would be obliged to under legislation and you know that, Senator, as much as I do.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Well, if you're asking for names and names are confidential-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Interference there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Last question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Deputy Michael McGrath, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: There is a set amount of questions on what you are clarifying, just to be careful there as well.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Okay, thank you. Can I just round off one thing in regard to what Deputy McGrath was asking you there. Just by your own assessment, when the loan portfolio started coming over to NAMA - and Deputy McGrath was talking about the ... the exposure that different borrowers may have had to different institutions - did you see any protocols that were in the banks or practices that they were...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Okay, thank you. Deputy Higgins.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Phone reverb there. Wherever it is coming from.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: I'll stop you there, Deputy. I'll just stop the clock for a second but there is a bit of phone interference coming from somewhere. It might not be ... it could be in the proximity to you or something, I'm not too sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Okay. Drive on Deputy Higgins; we'll try to sort it out as you're talking.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Technology can work now, okay. Please, Deputy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: What percentage?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: I think that NAMA would be prohibited not under the legislation, nothing to do with this committee, but under NAMA's own legislation to be discussing individual portfolios but in a general context if maybe you could respond to Deputy Higgins's question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: I know that, but being in the public domain doesn't make it legally possible I think for NAMA to answer a question with regards to somebody who is on the books. Maybe Mr. McDonagh and Mr. Daly can clarify that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: That's a legislation requirement from NAMA it's not coming from this committee.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: There's nothing stopping you now, but-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Thank you very much Deputy Higgins, Deputy D'Arcy and then we will proceed towards a break after that.

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