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Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay, thank you. I'm going to move to wrapping-up question and one supplementary question. One supplementary, beginning with Deputy O'Donnell.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you very much. Senator? A question, a supplementary?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: A final question to Ms Herbert, and then I'll invite you to make any closing remarks you want. In regard to the corporation tax issue there, I was going to raise it myself with you anyway, was there really anything new with regard to other European partners' concerns with regard to Ireland's corporation tax? There's plenty of records showing that many governments were ... had their noses...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: And that was in the context of Ireland needing some structural programme and the discussion of corporation tax was explicitly in that arena, not in the general arena where there has been a lot of commentary from European partners around corporation tax?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Sure. And was reducing the minimum wage part of those discussions, to your familiarity?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Reducing the minimum wage?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Inclusive of reducing the minimum wage?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you very much. Ms Herbert, is there anything else you'd like to say by conclusion?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you, Ms Herbert, but I wouldn't be diminishing your own participation here this morning in that regard. With that said, I'd like to thank Ms Herbert for her participation with the inquiry here this morning, to now formally excuse you and to thank you for your engagement with the inquiry this morning also. Thank you. So I now propose that we suspend until 11.50 a.m., as we'll just...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: And we now commence with our second session of today which is public hearing with Mr. Derek Quinlan, former executive chairman and founder of Quinlan Private. The Committee of Inquiry into the Banking Crisis is now resuming in public session. Can I ask members and those in the public Gallery to ensure that their mobile devices are switched off. At our next session we will hear from Mr....

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you. Before we commence there, do you have your phone switched off, Mr. Quinlan, have you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Do you have your phone switched off?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay, thank you. All right, with that said so, I'll get down to business and maybe if I could ask you to make your opening remarks please, Mr. Quinlan, to the committee.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you very much, Mr. Quinlan. We'll commence with the questioning this morning, so if I can invite Deputy Joe Higgins. Deputy, you have 25 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Sorry what page?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Mark to market-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: The book value, Mr. Quinlan.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: The book value, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Yes, we need to assist the witness and just show him on a page where it is, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Yes, and what page?

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