Results 11,481-11,500 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Could you comment on where the accountability for instigating enforcement action lay for actions taken from the financial stability report?

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

Ciarán Lynch: Where is the accountability for instigating those actions?

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

Ciarán Lynch: So the concerns that Deputy Doherty were talking about, they were ... there was a cognisance of them in the financial stability reports, yes?

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

Ciarán Lynch: And, therefore, the financial stability reports could have recommended an action or an enforcement or a protocol or a legislative change, even, in this regard. And are we correct in hearing you this morning that it made no recommendation, suggestion, proposal or such-----

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

Ciarán Lynch: -----in that regard to those concentrations.

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

Ciarán Lynch: Okay. Whose desk does that eventually come back to? You or the Governor's?

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

Ciarán Lynch: Okay. Was it a matter of financial stability?

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

Ciarán Lynch: Okay. Was it also a matter of going into each and every individual bank and, in this case, one specific bank that had massive loan concentrations and saying ''We need an action to ensure that this is pulled back and that it doesn't develop in other financial institutions as well''? Because we saw in other reports and evidence presented in this inquiry that while the concentration levels may...

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

Ciarán Lynch: Okay, look, the information of large borrower concentration loans was known to the single ... the singe supervisory teams for single banks, yes?

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

Ciarán Lynch: Okay. But an analysis or an addition of all loans to specific large borrowers across different banks was apparently not done.

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

Ciarán Lynch: To your knowledge, was it ever attempted to build a database of large borrowers with combined exposures across all the large banks?

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

Ciarán Lynch: To your knowledge.

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

Ciarán Lynch: Okay, thank you. Deputy Joe Higgins.

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

Ciarán Lynch: Is this November '08, Deputy, yes?

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

Ciarán Lynch: Will you make your point now because we're not going to go into the guarantee until this afternoon, but I understand where you're going generally with this one?

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

Ciarán Lynch: I'm not going into the guarantee here now.

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

Ciarán Lynch: Could I just first of all ask the question? Do you accept that the event took place, Mr. Neary, and then we'll come back? I'm not going into the guarantee now.

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

Ciarán Lynch: Would you have been aware?

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

Ciarán Lynch: Mind now, Joe. It's your final question as well.

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

Ciarán Lynch: Can you move your speech to a question now, Deputy?