Results 12,921-12,940 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Okay. And if I can just go back to the very first page of that document there, Ms Nolan. It's point B at the end of the page and it says, "However, replacement of the Promissory Note with shorter-dated Government bonds would negate the benefit [of] the State and create a 'funding cliff'"-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: -----"in the near term, thereby severely hampering the State's ability to re-access debt markets, as the Irish market lacks capacity to absorb additional shorter[-term] dated issues."

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: What was the thinking in terms of the co-operation that was going to come from the ECB and other agencies in getting over what was probably this ... summarised as the hurdle that had to be cleared?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Okay. And just moving onto the next page-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Okay, but what level of entertainment were they giving the 40-year proposal?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Okay. And just moving on to point 9, and this will be my final question on this issue, it says, "If [the fair value of NAMA pays for the assets sorry, if] the fair value that NAMA pays for the assets is at a significant discount to the net value of to the assets at IBRC [this is the relationship now of NAMA and the loan book of what was formerly the Anglo Irish Bank], this may create a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Okay. So just to come back to maybe to summarise my very, very first question to you, all of these details very, very big numbers, very big sums, very difficult detailed, complexed issues to be unravelled to try and create another type of solution or another type of approach. Who originated the idea, and if you could maybe summarise again as to what level of co-operation was evident coming...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: All right, thank you. Senator Susan O'Keeffe.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: 2013.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: All right, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Have you got one more, have you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: She can if she wishes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Okay, thank you very much. Deputy John Paul Phelan.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Okay, and we'll move to towards wrapping things up so and if I can invite Deputy Joe Higgins to commence the wrap-up and then I'll finish with Deputy O' Donnell.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Final question now, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Thank you very much. Deputy Kieran O'Donnell, just to wrap up.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Thank you very much, Deputy. Thank you very much Ms. Nolan. I'm going to bring proceedings to a conclusion. I ... if you want to add anything by means of your own final comments, the inquiry, as you mentioned earlier yourself, is not just for looking at the past, it's also about measurements going into the future, and if you have any particular observations, recommendations, you'd like to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Thank you very much, Ms. Nolan. With that said, I'd like to thank you for your participation today and for your engagement with the inquiry, to now formally excuse you and, in doing so, to propose to suspend the meeting until 11.50 a.m. Is that agreed? Agreed. Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Thank you very much. Okay, with that said, I now bring the meeting the meeting back into public session, is that agreed? For session 2 of today ... which is a public hearing and discussion with Mr. Donal McNally, former second secretary general of the Department of Finance. The Committee of Inquiry into the Banking Crisis is now resuming in public session. Can I ask members and those in...