Results 12,361-12,380 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: So, if I can say, Mr. Doyle or Mr. Cardiff. Mr. Doyle in his evidence yesterday to this committee said there was no research whatsoever carried out internally by the Department of Finance in-house, no documentation whatsoever, no modelling, no assessment of any kind with regard to the soft landing theory. This was information that you were hearing from other sources, other reports ... there...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Would you concur with that view given by Mr. Doyle yesterday afternoon that there was no documentation inside there that there was a soft landing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: But you're quoting the soft line landing this afternoon, or the soft landing theory-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Just hear me out a second.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: You're quoting the soft landing theory with us here. We have to establish where that theory came from. Mr. Doyle, to us yesterday afternoon, confirmed to us that there was no - unless you have information to the contrary - that there was no modelling, no assessment, no financial examination that they had actually based the soft landing theory upon, that it was other reports externally...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: And we accept that but we also ... I ... are you accepting that there was no Department of Finance examination to back up the soft landing period that was evidence of its own?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Okay-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: All right. Deputy Kieran O'Donnell.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Give him time to respond, now, Deputy.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Now, Deputy, that's leading now.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: We might be moving into repetition here now as well, Deputy, because it may have been answered but I'll allow a bit of time for it.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Finish up now for supplementary-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Thank you very much. Deputy John Paul Phelan.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Deputy-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Okay, be mindful there, because we don't have, actually, a specific reference to the transcript there either. I just need to come back to one matter that needed to be picked up there. It's ... and it's on a different vein altogether.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Yes. Yes, I know that, but I ... we could get ... very much ... and the guarantee is important, but there are other matters here that have to be carried ... dealt with, other than the guarantee. So, if I can come back-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Yes. If the situation ... there is a crisis stimulation exercise in the Department ... Department of Finance and the Central Bank and the Financial Regulator. This was conducted in 2007 on a bank failure. You modelled it out, yes? Do you recall that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Yes, yes, okay. The ... just, where ... was ... was that model-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Ciarán Lynch: Yes, sorry, excuse me, I know ... I make that ... or in Sweden at the moment, with the stimulator, trying to put things together. Was the model, ultimately ... how would you ... how would you describe it ... seen as being inappropriate and not required for the type of crisis that was gonna come down the line?