Results 10,841-10,860 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Sorry, Senator, the question is made. I will allow Mr. Hurley and I will bring you back in the wrap-up. Mr. Hurley.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Thank you very much on that. Just one other matter there before I move on to Deputy Doherty, Mr. Hurley. Coming back to the credit sector concentrations and prudential underwriting in regard to the Central Bank's role in managing financial stability and overseeing measures to ensure financial stability, do you believe that there was adequate discussion of breaches of lending policies and...

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: But risk concentration levels, would they not have been seen-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: And your view of the discussion that was given to them and the proportion of discussion that was given to them at board meetings of the CBFSAI, do you believe that that was adequate and sufficient?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Thank you. Deputy Doherty - 25 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: I'll give the witness time to answer but I hear the question that's been asked. Mr. Hurley.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Mr. Hurley, I would just remind you. There are limitations, I understand, this morning with regards to section 33AK with regard to how questions can be answered. But the Deputy is asking you specifically as to what your present view now is on those matters. And I will press you to answer that question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: I'm going to push this once more and I will remind you that you are under oath, Mr. ...this morning ... Mr. Hurley ... that you are asked to be asked questions. The question is being put to you is: on the situation now, reviewing it, do you believe that with the full insight that you have that those reports were accurate with the fullest of information that you actually have?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Yes, and do you still stand over them as being accurate?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Sure and I'll ... I'll accommodate you for that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: It's on the screen in front of you, Mr. Hurley.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: We have a little bit of time here to clarify this. Sorry, do you want to explain the method by which it was communicated?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: What I can do is ... maybe we can clarify this during the break, legally. And I'll give you a bit of time to deal with this after ... in your wrap-up.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: I agree. We can take it generally now, if you wish, okay?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: What I will do ... the advice that's available to me at the moment, Mr. Hurley, is that the communication was sent to you. I do know that there is a mountain of documentation that witnesses have to deal with, particularly so the Central Bank. I may advise you to familiarise yourself with that document, if needs be, during the break and we can return to it then.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: I think there's one or two things I want to wrap up with before we take ... what I ... if I could leave it until the wrap-up later on, Deputy Doherty, and I'll afford you a bit of time there or do you want to take it immediately when we get back?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Okay, all right. And I'll afford two or three minutes when we come back at the end. Could I just deal with one thing before we do go for a break, so, Mr. Hurley? And it is ... and this can allow, maybe, the secretariat, who are monitoring proceedings as well, to get a copy of that letter to you so you can re-familiarise yourself with it during the break. When Professor Honohan was...

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: It's part of the witness book and it's part of the evidence and it's being displayed as we are ... but I understand that a copy of that letter was furnished to you as well. So, to familiarise ... you are to read that---

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: You are familiar with that letter.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: So, if we take it down then to the second paragraph. I'll go through the four specific actions that the Governor - Governor Honohan - came back ... because I remember quite specifically at the time he asked for further time to give consideration to this because he wanted to answer this as accurately as possible and, therefore, was afforded the opportunity to write back to the committee so he...