Results 11,841-11,860 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: Yes, we can.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: So thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: Okay. I'm just going to wrap up on just a number of items so. One was an issue touched on Deputy McGrath there, and it's the housing report that you published in 2003. There's a footnote, I think, where ... that specifically relates to yourself in terms of further information, if it's required. It would indicate at that time that there was still time to take action to cool down house...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: Thank you for reminding us of Con Horan's action. I'd like to return to what action you may have taken, Mr. O'Connell?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: Outline the number of us ... the number of them there, concentration levels and other matters of-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: But you would have put the report together so ... there wouldn't be any suggestion that that report didn't have recommendations and actions on it.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: That's a long distance, Mr. O'Connell, from the question I asked you, which was a report that you published that had significant concerns in it and what actions that you might have considered to put in place or did you take any actions and if you didn't, why didn't you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: That was not accepted.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: Okay, thank you, just two last ones so. In ... as a senior economist and in your opinion and given that the role of the Central Bank is to maintain financial stability and that is what your No. 1 duty of care as a member of the Central Bank would have actually been, at what point did a micro-prudential issues with banks become macro-prudential in terms of financial stability?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: When did it become an issue for the Central Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: When did that become an issue for the Central Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: When?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: There was a time that the banks', kind of, strong road changed into funded patterns, as you mentioned yourself, and this gave rise to becoming an issue for the Financial Regulator, and so forth. But when did it become an issue for the Central Bank? When was this on your radar that there was a very significant concern there that the macro-prudential system now was actually in danger of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: Okay. And just to finalise, you can add whatever you wish then by means of conclusion as well, Mr. O'Connell. You began your statement to the inquiry today with the remark that Ireland's banking and economic crash should never have been allowed to happen. So, without getting into specific personalities - we're maybe dealing now in an institutional level - do you think that it shouldn't...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: Thank you, Mr. O'Connell. Is there anything else you would like to add by means of final comment?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: Thank you very much and you have included those in your opening comments as well and they will be taken into consideration when we come to the conclusions process.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Ciarán Lynch: So, with that said, I'd like to thank for Mr. O'Connell for his participation here and for his engagement with the inquiry. The witness is now excused and I propose that we adjourn the meeting until 9.30 a.m. tomorrow morning, Thursday, 11 June 2015. Is that agreed?

Written Answers — Department of Environment, Community and Local Government: Tenant Purchase Scheme Administration (11 Jun 2015)

Ciarán Lynch: 207. To ask the Minister for Environment, Community and Local Government if the necessary regulations have been made under the Housing (Miscellaneous Provisions) Act 2014 to facilitate tenant purchase of houses; if the scheme has commenced; and if he will make a statement on the matter. [22794/15]

Written Answers — Department of Environment, Community and Local Government: Tenant Purchase Scheme Administration (11 Jun 2015)

Ciarán Lynch: 208. To ask the Minister for Environment, Community and Local Government the present status of the provision to allow the sale of local authority apartments to tenants; and if he will make a statement on the matter. [22795/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: We have a quorum, the Committee of Inquiry into the Banking Crisis is now in public session, is that agreed? Can I ask members and those in the public Gallery to ensure that their mobile devices are switched off. I would like to welcome everyone to the 32nd public hearing of the Joint Committee of Inquiry into the Banking Crisis. Today we continue our hearings with key figures from the...