Results 11,881-11,900 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: There is a phone in proximity there, can I just ask members to put their phones on safe mode if they are not actually in possession themselves, because it does travel on.

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

Ciarán Lynch: Give Mr. O'Reilly time to respond now Senator.

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

Ciarán Lynch: It is about three minutes now Senator.

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

Ciarán Lynch: This is a letter, is it?

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

Ciarán Lynch: Thank you very much, Senator. Just, coming back to just an earlier engagement there that Senator D'Arcy had with you, Mr. O'Reilly, in regard to the memorandum of understanding between the Central Bank and the Financial Regulator's office. Could you maybe explain to us, was there sufficient clarity on what should be dealt with by the regulator and was there an expectation that the Governor...

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

Ciarán Lynch: And at any time did the Governor come to you and say, in his responsibility, or his duty of care, which was the stability ... the financial stability of the State ... did he at any time come to you and says that we have stability concerns here and we would like to maybe examine the possibility of some regulatory matters that might assist or deal with the stability of the banks?

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

Ciarán Lynch: And that was coming from where?

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

Ciarán Lynch: Coming from the Central Bank or coming from Government or from finance? Where was that feeling coming from?

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

Ciarán Lynch: Okay. Right, thank you. Deputy Doherty, ten minutes.

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

Ciarán Lynch: Or from the Department of Finance or the domestic standing group?

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

Ciarán Lynch: Sorry, Deputy. I will invite you to ask a question and we will see how it goes.

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

Ciarán Lynch: All right. Thank you very much. Okay so, are now going to break, I propose we will break... It is coming up to 11.10 a.m. so we can break until 11.25 a.m. if that is agreeable, please, with members. With that said, I would like to remind the witness that whilst we break you are still under oath and that any engagement must be dealt with in that regard. So with the agreement so, I propose...

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

Ciarán Lynch: I now propose that we go back into public session. Is that agreed? Agreed. And in doing so, I'd invite Senator MacSharry. Senator, you have ten minutes.

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

Ciarán Lynch: Thank you, Senator. Just in addition there to Senator MacSharry's question with regard to your request for additional staffing and resources, could I invite you, Mr. O'Reilly, to maybe comment upon the statement that Mr. Hurley gave that no request for staff was refused in a testimony here earlier and also to Mary Burke's statement that her department was under- resourced and request for...

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

Ciarán Lynch: Okay, thank you. Right. Deputy Michael McGrath.

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

Ciarán Lynch: Okay, thank you very much. Just before we go onto Deputy Murphy, maybe just put one question to you, Mr. O'Reilly. You are familiar with Mr. Neary's testimony?

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

Ciarán Lynch: Okay. And in that regard, would you say that your approach during your tenure to a principles-based regulation, both in terms of interpretation and application, were similar or differed from the approach taken by Mr. Neary during his tenure?

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

Ciarán Lynch: So it would've been a continued ... continuity of the same approach, same model, both in Mr. Neary's term and yours?

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

Ciarán Lynch: And, earlier this morning, when you were talking about your tenure coming to an end at 1 January 2006, you were of the view that the factors related to the crisis were embedded at that stage. Were you restricted in taking any actions in your tenure?

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

Ciarán Lynch: Okay, thank you. Deputy Eoghan Murphy.