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

Ciarán Lynch: Senator-----

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

Ciarán Lynch: Let the ... you can ask the question, Deputy-----

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

Ciarán Lynch: -----or Senator, yes-----

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

Ciarán Lynch: Yes, but no, but this is ... the witness answers the question.

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

Ciarán Lynch: And I chair then to determine-----

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

Ciarán Lynch: -----whether the question's been answered or not. Mr. Neary.

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

Ciarán Lynch: I'd ask you to be mindful now of your language there because that's a separate-----

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

Ciarán Lynch: Sorry, Senator, you're out of time.

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

Ciarán Lynch: Yes, I'll just give you a ruling there because in my opening remarks I said there are matters that are before the courts-----

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

Ciarán Lynch: -----and all the rest of it, so I'll just pull you back on that.

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

Ciarán Lynch: It's not a matter for this inquiry, matters of a criminal ... or criminal matter are a matter for the courts, Mr. Neary. They're not a matter for this inquiry. Deputy McGrath.

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

Ciarán Lynch: Thank you very much, Mr. Neary. I'm now proposing that we will suspend for lunch. However, I'd just like to remind the committee that we have a small private session to deal with as ... before we go to lunch, to deal with some matters to deal with hearings that are coming up in the coming weeks. So, with that said, I propose that we suspend the public session now and, in doing so, remind...

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

Ciarán Lynch: And the committee now is formally back in public session and can I ask members and those of the public Gallery to ensure that their mobile devices are switched off. In welcoming back, our witness today is Mr. Patrick Neary, former CEO of the Irish Financial Services Regulatory Authority. And, as I mentioned this morning, we were focusing on the period of Mr. Neary's tenure up to October...

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

Ciarán Lynch: To clarify, I will give you time, did you have a boss, Mr. Neary, or did you have a senior that you were accountable to or in the structure?

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

Ciarán Lynch: Mr. Neary, we had-----

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

Ciarán Lynch: Please allow Mr. Neary to respond.

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

Ciarán Lynch: I just want to clarify one other matter, because you mentioned it in your engagement with Deputy Doherty there, Mr. Neary, and that is your role and involvement with the domestic standing group. So it would be great if you could just clarify for us, were you a member of the domestic standing group?

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

Ciarán Lynch: Yes. Was he delegated with that responsibility, to be there on your behalf? So he was there on your behalf, or was he there as the actual member or the acting de factomember?

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

Ciarán Lynch: But on whose behalf was he attending?

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

Ciarán Lynch: It's not unusual for someone to delegate to a subordinate or a colleague that they would attend, but they are attending on behalf-----

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