Results 11,861-11,880 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Once again, welcome, Mr. O'Reilly, this morning, and if I can invite you to make your opening remarks to the committee, please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Just reference the second one again, Mr. O'Reilly, please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Okay, Mr. O'Reilly, whenever you're ready to go so, please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Thank you very much, Mr. O'Reilly, for your opening statement. We now commence questioning and let me invite our first questioner this morning, which is Senator Sean Barrett. Senator, you have 25 minutes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Last question now, Senator.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: With that - and I'll just bring Senator D'Arcy in a minute. By January 2006, Mr. O'Reilly, were ... was the crisis already embedded by then?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Okay, but that's Patrick Honohan's view. What's your view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Now you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: No, no.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Were we embedded in a crisis already by January-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Or any-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Okay. That's your view, all right. I just want to return to a couple of issues there, just following on from Senator Barrett's questioning. When you ... when he was asking you about the McDowell report and, sure, you didn't have any input into that, and that may have been appropriate.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: And that matters. My next question to you, Mr. O'Reilly, is that we know that a ... that from the McDowell report ... and there was an argument for a different model and that the Central Bank, Government, and Department of Finance were against recommendations that were in the McDowell report. The model, however, was developed and it was put in place and you headed it up. So can we ask you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Okay and what way would you have started it from?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: I just want to return to return to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Yes, sure, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Just on another matter - and it goes back to an earlier question from Senator Barrett as well - and that is the implementation on compliance which was first contemplated in 2004 but it took until 2006 to 2007 to be completed. Why was it ... why did it take so long to actually implement that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: Okay thank you. Senator D'Arcy.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Ciarán Lynch: It's on the screen in front of you there, Mr. O'Reilly, if you wish to look at it.