Results 11,441-11,460 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Can you get it on the screen there for Mr. Neary if you're-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Just take it from the screen, you don't need to be ... just take it from the screen.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: The context of that statement is 24 June 1999.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: The case is made let Mr. Neary proceed and then on to the next question
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Thank you. Senator Marc MacSharry. Senator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Okay. And speaking for yourself, Mr. Neary, at any time did consider redeploying staff from the consumer numbers if there was a difficulty in recruiting? I mean, I would assume that you would prioritise, "These are our big jobs, these are our smaller jobs"; did you ever consider redeployment?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Mr. Neary, I just want to deal with issues relating to other agencies other than the Central Bank that you may have been engaging with, and explore your relationship between the Central Bank, the Financial Regulator, and the Department of Finance. So maybe just to get matters rolling in this regard, could you please describe the channel of communication between you and the Department of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: There was no formal relationship with the Department of Finance?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Just on the formal reporting in that regard, and I ... once again now I'm before 2007, can you outline the communication protocol that existed between the relevant parties prior to the setting up of the DSG? So had the Central Bank a relationship or a position or ... sorry, had the Department of Finance a relationship and a position that interfaced with the board of the Central Bank and your...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Okay. So they were sitting informally with you and you were talking to them on a structured basis with minutes and everything else, yes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Okay. The matters we discussed this morning, were any of those ever fed into the Department of Finance - the build-up in the banking sector becoming four times the size of the Irish economy, and all ... and the escalating issues, and then the decisions that you made in 2006 and 2007 in regard to the property sector and the commercial property sector?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Okay. Maybe you ... if I can maybe describe what the understanding of the domestic standing group was, and maybe you could maybe give us some clarity as to what the role of the domestic standing group; who was on it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Okay, so these were the men in black that were to prepare us for a calamitous situation if it were ever to arrive. Was that the job?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Okay. Would I be correct in saying that these ... this group was put together with particular expertise, with a particular focus to give early sight, and early warning, and early preparation for any imminent crisis that might be coming down the lines financially?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: And you were a member of that group, were you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: It was the Governor was a ... was the Governor a member of that group?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Should you have been a member of it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: But the ... correct me if I'm wrong now, but the understanding of the domestic standing ... or the understanding of theraison d'être of the domestic standing group was to be the sort of No. 1 line of defence against an economic meltdown or crisis in this country, and you're saying this morning that neither the Financial Regulator's office, or the board, or the Governor of the Central...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Ciarán Lynch: And did they engage with you in your role as regulator?