Results 10,381-10,400 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Could you just reference that bit for us?

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

Ciarán Lynch: Sure, yes.

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

Ciarán Lynch: Or maybe reference it first and then give it to us.

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

Ciarán Lynch: Okay.

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

Ciarán Lynch: Okay, I don't know if the witness is familiar or not with it but we'll get the question now.

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

Ciarán Lynch: Well, okay, I might allow some space for it, Senator, and I'll bring you back in. It is a part of the job of this inquiry is to provide recommendations at the end, maybe look at activities in other jurisdictions, such as Sarbanes-Oxley, as you've mentioned already, and to see how other practices may be ... may be examined in terms of recommendation for this committee's work. So back to yourself.

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

Ciarán Lynch: Just coming up to two minutes there, Senator.

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

Ciarán Lynch: I wouldn't even say his words. I will let Mr. Fitzpatrick use his own language in his response.

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

Ciarán Lynch: All right, fair enough.

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

Ciarán Lynch: I think the question can be reframed. Can you comment on the role of the Financial Regulator and what they played in the period leading up to the crisis?

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

Ciarán Lynch: Well, it's not a case of letting him away or anything else-----

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

Ciarán Lynch: Okay, I'm going to hold it there, because we are slipping outside of the directions here that was given to Mr. Fitzpatrick as well. So I just need to ask you to move to your final question.

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

Ciarán Lynch: Okay, thank you. I just want to move into two issues, then I'm going to take the wrap up. Can I maybe ask you one brief question and Mr. Cullen and Mr. Fitzpatrick can answer that? In the firm's opinion, did the external audit fulfil its role or not?

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

Ciarán Lynch: Mr. Cullen?

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

Ciarán Lynch: On a related matter, and as I mentioned earlier, this committee will have finding of recommendations when we conclude in November. One proposed recommendation that was put to us was put by Professor Bill Black earlier, back in February 2015, and it was in a response to a question put by Deputy Phelan actually at the time, and a follow up to an earlier question. And Deputy Phelan was asking...

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

Ciarán Lynch: Okay, thank you. Wrapping up, Deputy McGrath.

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

Ciarán Lynch: If there was evidence external to the bank, for instance, that-----

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

Ciarán Lynch: Senator O'Keeffe.

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

Ciarán Lynch: Senator.

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

Ciarán Lynch: Alright, Mr. Fitzgerald, I just want to bring matters to conclusion, so-----