Results 10,801-10,820 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Mr. Smith and Mr. Fitzgerald, are you okay? So we go back into public session to continue this afternoon's proceedings, is that agreed? I now invite Deputy Michael McGrath to question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Okay, thank you very much. Just two matters, I just want to ... before I bring in the next questioner ... in earlier questioning there with Deputy McGrath, Mr. Fitzgerald, you said you would return to the issue of the property experience and we didn't get around to it, so maybe if you could now.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: And that's in regard to the firm's audit team and the sufficient property experience that you might have.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Okay, and, I suppose, a general question then following on from that, Mr. Fitzgerald: were you satisfied or were there sufficient qualified staff in Ireland in that regard?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Okay, thank you very much. Deputy John Paul Phelan.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Thank you very much. Deputy Doherty.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Okay. Thank you very much, Deputy. Just on a related matter, before I bring in Senator O'Keeffe, I just want to ... when we spoke about the property experience in the audit team ... moving beyond estate agents and others that you indicated as being part of the audit team, Mr. Fitzgerald, did a team at any stage include a person who understood the concepts of commercial loan underwriting?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Okay, thank you. Senator O'Keeffe.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Your phone.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Please turn off the phones. Like, it's not possible-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Okay, thank you very much.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Quickly.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Thank you very much. Senator Barrett, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Senator D’Arcy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Okay. Thank you. I’ll just move towards a wrap-up so, Mr. Fitzgerald and Mr. Smith, in inviting both Deputies in. Can I just come back and deal with just one matter relating to the Financial Regulator and the matter of loan exceptions? Following the Financial Regulator’s findings, did Ernst and Young alter their sampling approach when reviewing loan exceptions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Thank you. Deputy Higgins.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Okay, just on that note, can I just turn to, in respect of the booklet, page 11. I now bring in Deputy O'Donnell. And this just develops on from Deputy Higgins's comment there. It's the second panel of conclusions and it's the second paragraph:We reviewed the Society's Credit Impairment Policy to understand and consider the Society's methodology [to determine] specific and collective...

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Okay. Thank you very much, Mr. Fitzgerald. Deputy O'Donnell.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Okay, thank you very much. Thank you very much, Deputy, and thank you, Mr. Fitzgerald. Thank you, Mr. Smith. Is there any other final comments you'd like to make before I conclude?