Results 10,961-10,980 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Okay. So did the banks go home that night knowing what you had decided or did they wake up the following morning to find out what you had decided?

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

Ciarán Lynch: Thank you very much. Just one other question so before we move on to the other questioners. Can you comment upon what happened between 8 January 2009, when the Irish Government formally ... when the Irish Government formally notified ECB that they would be recapitalising Anglo, to 15 January 2009, when they made the announcement that they would be nationalising Anglo instead?

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

Ciarán Lynch: Okay, and what led to the change of the decision and what discussions were had in this regard?

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

Ciarán Lynch: What led to the change of decision and what discussions were had in this regard?

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

Ciarán Lynch: Okay, just to clarify, in earlier questioning by me you said that the legislation to nationalise Anglo in January 2009 broadly reflected the legislation that had been prepared prior to the guarantee with regard to nationalising a bank.

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

Ciarán Lynch: Okay. So would it have made sense to nationalise Irish bank earlier than January 2009?

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

Ciarán Lynch: Okay.

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

Ciarán Lynch: Okay. Senator Barrett.

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

Ciarán Lynch: I'm not ... that's an entirely new line of questioning.

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

Ciarán Lynch: Deputy Doherty.

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

Ciarán Lynch: You were saying that that was not the issue. So what was the issue?

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

Ciarán Lynch: We've covered that but I think what Deputy Doherty is trying to establish is what the intention for Anglo was.

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

Ciarán Lynch: Two years later.

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

Ciarán Lynch: Not two months.

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

Ciarán Lynch: Final supplementary question, Deputy.

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

Ciarán Lynch: I'll facilitate more time.

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

Ciarán Lynch: But complete quickly.

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

Ciarán Lynch: I'll give you a bit of time now if you want to add to that, Mr. Hurley.

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

Ciarán Lynch: Okay. And can I just finalise that before we take a break, Mr. Hurley, and ask you, given the design of the ultimate guarantee, did it have any relationship, role, or part in Ireland entering a bailout programme two years and two months later?

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

Ciarán Lynch: Two years, two months later.