Results 10,341-10,360 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Mr. Fitzpatrick.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Thank you very much. If I can now invite Deputy McGrath. Deputy, you have 25 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Just because it's an important issue it might be important to explain what IAS 39 actually was and you can correct it here that, ''This was a standard that outlines the requirements for the recognition and measurement of financial assets, financial liabilities and some contracts to buy or sell non-financial items and the standard outlines how a provision for bad debts should be calculated...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Thank you very much. Senator O'Keeffe.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: 12 minutes coming up there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: I will just bring in Senator D'Arcy before we go to the break. I just want to tidy up one matter in IAS 39. In earlier testimony that we had, in the Context Phase of this and in other documentation, one of the critiques or challenges that arises from that was the supposed backward looking nature of IAS 39 in that it required evidence of a loss before the loss is actually written down, that...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: And in this morning's testimony and other testimonies we heard, that sort of transitional period between 2006 and 2008 where, in 2006, a lot of the people that have come before this inquiry have said that there was still an upbeat kind of forward looking, you know, positive view of things, that if things were to slow down, they wouldn't crash, that there'd be a soft landing and all the rest...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Thank you very much. Listen, I am going to propose that we actually take a break now. We will return at 4.45 p.m. or so, no later than 4.50 p.m. so we'll be finished by 6 o'clock. Just a note for Members as well, we just have one item to deal with in private session before we conclude today. So if I can just propose that we take a break. The witnesses are reminded once again before...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Mr. Cullen, Mr. Fitzpatrick, are you okay? All right, thank you. Okay so, I'm going to ... I now propose that we go back into public session, is that agreed? And our next member to question is Senator Michael D'Arcy. Senator, you've ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Final question now.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: I'll afford you a bit of time to read it out, but I need you to get on to the question then afterwards, okay?

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Deputy. Can we not make statements? Ask questions.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: I know, but you are out of time so make it very quick.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Deputy Joe Higgins.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Just over two minutes now, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Just over two minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Thank you very much, Deputy Higgins. Deputy Kieran O'Donnell. Deputy, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Without interruption there Deputy, please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

Ciarán Lynch: Without interruption. Mr. Fitzpatrick, you have the floor.