Results 11,361-11,380 of 16,492 for speaker:Ciarán Lynch

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance: Message to Dáil (27 May 2015)

Ciarán Lynch: In accordance with Standing Order 87, the following message will be sent to the Dáil:The Select Sub-Committee on Finance has completed its consideration of the Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015 and has made amendments thereto.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: As we have a quorum, I'm calling the meeting into public session. Is that agreed? As we have a quorum, the Committee of Inquiry into the Banking Crisis is now in public session and can I ask members and those in the public Gallery to ensure that their mobile devices are switched off. Today's session 1 is a public hearing with Mr. Patrick Neary, former CEO of the Irish Financial Services...

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Before hearing from the witness, I wish to advise the witness that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to this committee. If you are directed by the Chairman to cease giving evidence in relation to a particular matter and you continue to do so, you are entitled thereafter only to a qualified...

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Thank you, Mr. Neary, and if I can now invite you to make your opening remarks to the committee, please?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Thank you for your opening statement, Mr. Neary, and just to remind the ... so that we get the structure of today's proceedings under way, this morning's session will be focusing on the period of Mr. Neary's tenure up to October 2007, while the afternoon session will focus on developments in the period of November 2007 to January 2009, which we will be dealing with this afternoon with you Mr....

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Mr. Neary, in my opening comments today I said that this is the 30th hearing of the banking inquiry. We have had a number of witnesses that have come to us during that period. I would like to quote some of them to you. Professor William Black told the inquiry on 5 February that extreme growth itself is something that should not be allowed by a regulator. We have centuries of experience to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Thank you. I'm going to move on to Senator D'Arcy. Senator D'Arcy, you've 25 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Before you clarify that though, Mr. Neary, I'm getting reports of phone interference, so can I ask members to turn off their phones and to put them ... even if ... if they're not the questioner, if they're in proximity to the questioner, they're interfering with the microphone and broadcast as it's actually happening, so please have your phones on safe mode, please. Do not be using them...

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: A question, please, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: -----now, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: 250%?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: We are moving up on to ten minutes so.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: I'll just allow him a bit of time then I'll bring you back to your questions. Mr. Neary.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: We'll come back to that. Maybe, Mr. Neary, if I could ask you, whilst we're on the issue of the Financial Regulator, how much of your time as Financial Regulator was spent promoting Ireland's financial services sector? It's very much part of the same question Senator D'Arcy was asking you there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Was there a potential or was there potential for conflict in that regard, Mr. Neary, that we were inviting in overseas financial institutions into the Irish market and, at the same time, in need to robustly monitor and regulate the existing services in the country?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Because that objective was removed by the Central Bank reform Act in 2010, and is it or was it your view that this change ... do you have a view on this change in the statutory remit of the office? Do you think that was a good or a bad thing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Back to yourself, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Well, I will, indeed. If we get through the questions, we will, indeed.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Final question, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: No, Senator, you-----