Results 10,181-10,200 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Yes, Mr. Beggs.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Okay, Deputy Doherty.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: I'm going to move towards the wrap-up. I just need to get two quick questions in first and then I'll move to Deputy O'Donnell and Deputy Higgins. Can I just put the question: did you, as economists within your own individual banks, have key performance indicators with regard to you or your unit's working outputs? Mr. McArdle?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: And how were they judged, Mr. Beggs?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Okay. And Mr. McLaughlin?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: And how was that judged?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: All right. Just one other final question. In Mr. McArdle's contribution on his opening statement today and maybe it's a question for all of you, but you quote Bill White, the former chief economist of the Bank of International Settlements and you go on to give his commentary with regard to the "Tale of Seduction" and bearing in mind that Mr. White is an economist, similar profession to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Can you tell a short tale of seduction, Mr. McArdle?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Can you tell a short tale of seduction?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: You had used this vocabulary today-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: In what way?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Okay. Mr. Beggs?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Okay and Mr. McLaughlin?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Okay, thank you. Deputy O'Donnell.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Many questions together now, we only have so much time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Deputy Higgins.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: And in that regard, that brings me to my very, very final question. Mr. Trichet, last week in his engagement with the inquiry and witnesses who have been before this, spoke about that when the guarantee was put in place, that there was a funding cliff that was going to be faced in two years, when the guarantee actually ran out. Did any of you do forecast work in that regard for your banks...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Are you aware of any forecasting done by Ulster Bank in that regard?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: When the guarantee was put in place, it subsequently ... in engagements that this inquiry have had, the issue has been brought to our attention that there may have been a funding cliff. One of the difficulties in the way that the guarantee was shaped, was that two years later there was going to be a funding cliff because the guarantee was going to run out. Did any of you do any forecasting...