Results 12,981-13,000 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Okay. Thank you. Senator, that it? Okay, thank you. Senator Barrett.

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

Ciarán Lynch: Excellent. Thank you very much, Senator, and I'll bring things to a conclusion, Mr. McNally, and before I do, I just would like to give you the opportunity, if you have any final comments or remarks or a consideration that you might like to add as I bring matters to a close.

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

Ciarán Lynch: Are you familiar with the term "euphoric recall", Mr. McNally, are you? The term "euphoric recall". It's used in terms of recovery, particularly with addiction studies and stuff like this, and by means of a time to find a relapse. They also ... they note with addicts that they start recalling the past in a different type of light to the type of damaging way it was. Would you ......

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

Ciarán Lynch: Well put, that's a good point to close with, we'll keep you on. With that said, I would like to thank Mr. McNally for his participation today and for his engagement with the inquiry. The witness is now excused and I propose that we will break for one hour, resuming at 2.45 p.m. Is that agreed? At which time, we will hear from Mr. Charlie McCreevy, former Minister for Finance.

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

Ciarán Lynch: So, will I call the meeting back into public session? Is that agreed? Okay. And we'll now commence with session 2 of today's public hearings with a discussion with Mr. Charlie McCreevy, former Minister for Finance. The Committee of Inquiry into the Banking Crisis is now resuming in public session. And can I ask members and those in public Gallery to ensure that their mobile devices are...

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

Ciarán Lynch: Before hearing from the witness, I wish to advise the witness that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to this committee. If you are directed by the Chairman to cease giving evidence in relation to a particular matter and you continue to do so, you are entitled thereafter only to a qualified...

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

Ciarán Lynch: Once again, if I could thank Mr. McCreevy for being here this afternoon. And if I can invite you to make your opening remarks or statement to the committee please, Mr. McCreevy.

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

Ciarán Lynch: Thank you very much, Mr. McCreevy, for your opening statement and we'll get matters under way. I just want to deal with one item first with you if you don't mind and maybe that is just to ask your comments from contributors to the Wright report indicating that there was a lack of leadership and direction in the Department of Finance during the period of 2000 to 2010, and its effectiveness...

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

Ciarán Lynch: One of the continuous themes running through the Wright report is the positioning of counter-cyclical policies that may have been advocated by the Department of Finance and issues relating to potential overheating in the economy. The question, as I put it to you, was that Mr. Wright makes a critique of leadership and direction in the Department during that period, in terms of trying to make...

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

Ciarán Lynch: Thank you very much, Mr. McCreevy, and you are correct in the points you are making there and I made it to Mr. Cardiff there last week when he was before us. Just to remind both witnesses and members of the committee that as we look at public servants and we look at politicians, while public servants may give advices and bring advices to Ministers of the day, the decision rests solely with...

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

Ciarán Lynch: Okay thank you. Deputy Pearse Doherty.

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

Ciarán Lynch: Mr. McCreevy, there would be relevance and I would try to be consistent with all witnesses and I usually wrap up with asking witnesses if there's anything they could offer in terms of advice to this committee to the future - you might just stop the clock there for a moment - because one of the things I would hope that everybody would want to see at the final report when this committee has...

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

Ciarán Lynch: Sure.

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

Ciarán Lynch: Sure.

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

Ciarán Lynch: Okay, but I would still ask you ... because you are under direction and you are under oath to ask questions that are put to you by members that are in order.

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

Ciarán Lynch: Okay, thank you. Deputy Doherty.

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

Ciarán Lynch: Okay. I ... Mr. McCreevy ... and if need be, we can kind of break into private session to discuss this and iron out the legalities of it, but I'd rather not do that. There is-----

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

Ciarán Lynch: Okay. I think the question that ... that would be leading to is a systemic relationship between decisions - action, outcome and consequence and so on - and the issue here is policies taken at a particular time, did they have systemic consequences to lead to something else. And the question that Deputy Doherty is presenting is did these actions add to something happening afterwards and,...

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

Ciarán Lynch: Okay, we'll adjourn. I'd propose that we adjourn. In doing so that the ... and we're suspending ... sorry, suspending, not adjourned. And the witness is reminded once he begins giving evidence he should not confer with any person other than his legal team in relation to his evidence on matters that are being discussed before the committee. With that in mind, I now suspend the meeting...

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

Ciarán Lynch: Mr. McCreevy, thank you for coming back into the committee room and I just want to deal with some matters formally. And I would like to remind the witness that if you refuse to answer a question which falls within your direction, you may be subject to criminal sanctions under section 75 of the Houses of the Oireachtas (Inquiries, Privileges and Procedures) Act 2009. Further, if you refuse...