Results 13,281-13,300 of 16,537 for speaker:Brian Lenihan Jnr

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: Of course discussions take place with the Commission given the proximity——

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: There is no point——

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: The Deputy can give all the notices she wants.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: The position is that the Commission sanctioned the promissory note last Tuesday. That sanction was for a capital injection of €8.3 billion. Earlier this year Ireland notified the possibility of such an event.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: Notification is for a request for an approval. There is no agreement until there is consent. The Commission consented to those arrangements last Tuesday. The arrangements were not put in place——

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: ——until the House sanctioned the arrangements on Tuesday night. There is no secret agreement.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: The burden of Deputy Burton's assertion today was that in breach of my duties as a Minister I am misleading this House and I concluded a secret agreement with the European Commission. There is no such secret agreement because an open agreement was arrived at with the European Commission on Tuesday morning. That is when agreement was finalised in this matter. It is important that is understood.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: Deputy Burton's allegation is a very serious one. Were it correct it would reflect very seriously on the Government and me. I am entitled to reject it and point out——

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: ——its inaccuracy.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I am dealing with the charge that I concluded a secret agreement some time ago, which I concealed from the House.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I have dealt with that allegation which was made on the floor of the House. It is inaccurate and untrue.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: The questions raised by Deputy Ó Caoláin are legitimate. I will ask NAMA, which is an independent body, to examine what he said about the professional advice. In addition, the banking inquiry should provide a context within which the general matters to which the Deputy referred can be dealt with. It is the case, for example, that Anglo Irish Bank no longer retains the original auditors...

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I entirely agree that these matters require full scrutiny because of the dramatic character of the change that took place when the public interest of the taxpayer was secured in Anglo Irish Bank and in any other institution where it comes to light.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: There are a few matters to address. With regard to the audit and risk-management committees, I am not certain which institutions Deputy Rabbitte was referring to but I will endeavour to obtain the information and have it conveyed to him clearly. It is an important issue.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: Yes. With regard to Anglo Irish Bank, the fundamental question the Deputy is asking is whether the alternatives to providing capital to the bank have been explored. They have, including the alternatives of immediate liquidation, long-term wind-down and splitting the banking into a new banking entity and an asset management and recovery company. All these options have been examined. The...

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I am making that clear today.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: I did not refuse the Deputy a meeting with NAMA. NAMA is an independent statutory body.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: That is between the Deputy and NAMA.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: Short of exercising my power to give a statutory direction to NAMA to tell it to meet the Deputy, I do not instruct NAMA in what it does. That is not my function as Minister.

Banking System: Statements (1 Apr 2010)

Brian Lenihan Jnr: Having sat through the debates on the legislation, the Deputy should be well aware of that.