Results 9,381-9,400 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Okay. And that brings me to my very final question, because you said about no more loans and in an opening comment earlier today you said no more loans either as being the approach. But could I put it to you, and particularly in light of NAMA's testimony yesterday, it was ... it would be suggested by NAMA's testimony that it wasn't to stop giving loans, but it was to change the methodology...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: -----where personal guarantees-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: And there was a question I put to, I think, Mr. Daly yesterday, and he said it maybe be better placed to the banks. So-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: I put a question to Mr. Daly, I think yesterday, and he said ... in his response he said maybe the banks can answer that better. And it comes back to my earlier question which was about the banking behaviour, the banking behaviours with regard to cross-collateralisations, cross-exposures, letters of guarantee and all the rest. So I asked Mr. Daly did the banks, to his view, behave in a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Okay. Thank you very much Mr. Gleeson. To wrap things up, is there anything further you'd like to add or comment on?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: We all suffer from that fault, Mr Gleeson. Thank you very much.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Okay. So with that said I'd like to thank Mr. Gleeson for his participation and for his positive engagement with the inquiry. The witness is now excused, and I propose that we suspend until 2.30 p.m., at which time we will resume with Mr. Donal Forde. Is that agreed? Agreed.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: As we have a quorum I propose that the committee now goes back into public session for this afternoon's hearings. Is that agreed? Agreed. We'll commence with session two, public hearing with Mr. Donal Forde, former managing director AIB in the Republic of Ireland. The Committee of Inquiry into the Banking Crisis is now resuming in public session and can I ask members and those in the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Before I hear from the witness, I just wish to advise the witness that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to this committee. If you are directed by the Chairman to cease giving evidence in relation to a particular matter and you continue to do so, you are entitled thereafter only to a qualified...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Thank you. Mr. Forde, if I can invite you to make your opening address to the committee please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Thank you very much, Mr. Forde. Our first questioner today is Senator Marc MacSharry. Senator you have 25 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Thank you very much, Senator. Deputy Eoghan Murphy - 25 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: You've strayed into liquidity, Deputy, yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: If you want, I can bring up a bit of evidence on this.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: This is related to solvency with the bank.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: I'll be bringing you back in at the end, Deputy. You'll have time; okay?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Thank you very much. That concludes the leads, but there is just one issue, maybe if we can just get a bit of further clarity on the appropriateness of property-related lending strategies and risk appetite in AIB. This relates to core document AIB PB2, page 6, item 4, or 4.2. Very simply, Mr. Forde, the Central Bank have a licensing and supervision requirements and standards for credit...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Yes?