Results 13,281-13,300 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: There, Deputy, just-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Final question now, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Pay attention, now, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Perfect, thank you very much. Mr. Cowen, I just want to take one line of questioning with myself and then I propose that we take a short suspension. Mr. Cowen, the Department of Finance received many economic forecasting reports from external sources like the ESRI, Central Bank, IMF, OECD and, in turn, the Department prepared briefing notes and in some cases, speaking notes for you. So, an...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Okay, if I can just move on to- it's the CIF core document there, Vol. 1 and it's just the table of contents. We are not going to be going into any documents there, if I can just get it up on board. I know that, but it's ... and it's not to spring ... it's just to give a kind of mood music to statements that were happening at the time and if you move down there you'll see Dr. Alan Ahearne's...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: What I'm trying to substantiate, because as we said earlier, you'd get all these briefing notes, and I would have got them as chair of the finance committee, I might be travelling to a Presidency ... and you get ... but there would be a core document that would come from somewhere behind it. And, as you said, you got these briefing documents for Leaders' Questions, visitations, but you were...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: We have, and they haven't been able to come back to us. Maybe you can help us?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Morgan Kelly may be considered a contrarian at a particular moment in time, but Alan Ahearne was writing, as I said, right through the period, as was other people, and Mr. Ahearne became ... such was his reputation that he became a senior figure in your Administration. So if it was general discourse out there that was informing the soft landing theory, there was discourse out there that was...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: And I don't think that we're on a point of disputation around that, Mr. Cowen, but what this inquiry has done, and has struggled to do, is to find evidence of a core document or a playbook, or a modelling programme carried out that is evidentially based that is the ownership of the Department of Finance that supports the soft landing theory.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: All external?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: All external is what we have to date.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: But given that the Department of Finance is the purse keeper of the State and its citizens, and whilst there may be other agencies, the ESRI, IMF, they all have their own role to play, but given that that Department, the Department of Finance, is holding the purse strings and the purses on behalf of the citizens of this country, and given that this theory was going to be the theory on which...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: I accept all that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: In any of those supplementary documents that was presented, because we've seen some of the supplementary documentation and they talk about OECD reports, IMF reports, external agency reports, but none of those ... ESRI ... but none of them are actually in-house reports that they've carried out.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Okay. So, with that said, I now propose that we suspend until 5.55 p.m. The witness is reminded that once he begins giving evidence, he should not confer with any person other than his legal team in relation to their evidence and matters that are being discussed before this committee. With that in mind I now suspend until ... actually ... yes, 17.55, and remind the witness that he's still...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: We are back into session. We'll try and maybe get out at a reasonable time. We're back into public session and, in doing so, if I can now ask Senator Michael D'Arcy to resume questioning. Senator, you have ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: There's a bit of phone interference there, folks.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: There's a bit of phone interference. Sorry, Senator, back to yourself.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Thank you very much. Deputy Eoghan Murphy.