Results 11,541-11,560 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: And was he, so that's what I wanted, is the delegated responsibility of this, while Mr. Horan was attending, was that a delegated position to which you ultimately had responsibility for?

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

Ciarán Lynch: I'll give you plenty of time.

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

Ciarán Lynch: Yes, I can appreciate that, Mr. Neary, but, there are two capacities, or maybe many capacities, but let me just focus on two capacities to which somebody can attend a meeting. Somebody could attend a meeting in their entirety as the person who has ultimate responsibility and deals with all engagements of that meeting, and walks out the door with there being no overhang whatsoever; and there...

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

Ciarán Lynch: Which of those two options was Mr. Horan performing?

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

Ciarán Lynch: So he was there. So while the position may have been delegated or operated by Mr. Horan, that responsibility was delegated but then ultimately fell on you.

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

Ciarán Lynch: Okay. Thank you very much. Deputy John Paul Phelan.

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

Ciarán Lynch: Be careful to generalise.

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

Ciarán Lynch: Can you just stay with the documents ... just maybe ask, because we need to come back to it anyway, is can I maybe ask you your view on the deterioration in property values and how was this reflected in the stress test assessments carried out?

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

Ciarán Lynch: No relationship to your functions and duties, no? Property values?

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

Ciarán Lynch: Okay. Thank you. Deputy Phelan.

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

Ciarán Lynch: Thank you very much, Deputy. If I can maybe just ask you, Mr. Neary, if you could outline your role and the role of the financial regulation team in the CSE and what review and actions were taken following these?

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

Ciarán Lynch: The CSE.

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: And in recalling that, maybe you could share with us this afternoon, in hindsight, how effective was this exercise in light of the experience of the crisis itself?

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

Ciarán Lynch: This particular part of your response there, Mr. Neary, that I note in that the crisis simulation exercises that you were doing had no semblance or similarity to what actually happened afterwards. So, did these stimulations serve any purpose?

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

Ciarán Lynch: Okay, thank you. Senator MacSharry.

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

Ciarán Lynch: Dermot Gleeson, when he was inside here has some questions about those minutes as well so-----

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

Ciarán Lynch: You have one more after this------

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

Ciarán Lynch: Senator, one final question-----

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

Ciarán Lynch: Ask it, please.