Results 11,981-12,000 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Would that be described as self-regulating?

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: Okay, all right. And just on one issue with Deputy Doherty's question there, when you were asked were severe punitive actions ever proposed for breach of lending policies within the banks or breaches for sectoral risk limits, you said they weren't; is that correct?

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

Ciarán Lynch: When you were asked about severe ... was there ever severe punitive action ever proposed for breach of lending policies within banks or for breaches of sectoral risk limits, your response to that was, "That ... that never happened".

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

Ciarán Lynch: Okay. Were they ever discussed?

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

Ciarán Lynch: Okay, but was the issue ever discussed, that we might have sanctions?

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

Ciarán Lynch: Yes.

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: Okay. Well, for breach of lending policies with banks and sectoral limits, the ... one could propose that the ultimate outcome was the nuclear-----

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

Ciarán Lynch: -----disaster.

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

Ciarán Lynch: That it wasn't an option, we actually ended up there. So, what I'm trying to just nail this down, and then we'll go for coffee, was there a high-level discussion with regard to taking some sanctions at some level or other, at your level and across the board and we know that that didn't happen, so I just want to find out was it discussed and why was it not progressed out of that discussion,...

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

Ciarán Lynch: Thank you very much. I now propose that we go for a break and to remind the witness, in doing so, that once he begins giving evidence that he should not confer with any person other than his legal team in relation to his evidence and matters that are being discussed before the committee. With that in mind, I propose that we kind of take an approximately ... maybe a 12-minute or a 15-minute...

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

Ciarán Lynch: We'll go back into public session. Is that agreed? In doing so, can I invite Senator Michael D'Arcy.

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

Ciarán Lynch: Thank you very much, Senator. Now I'll invite Senator Marc MacSharry. Senator, you've ten minutes.

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

Ciarán Lynch: -----lobbying ... on being lobbied on particular issues.

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

Ciarán Lynch: Okay thank you. Senator Sean Barrett. Senator, ten minutes.

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

Ciarán Lynch: Thank you very much, Senator. Deputy Michael McGrath. Deputy, ten minutes.

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

Ciarán Lynch: What year was this report, Mr. Patterson?

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

Ciarán Lynch: This was the 2006 to 2007 report not the-----

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

Ciarán Lynch: Okay. Sorry, Deputy.