Results 13,661-13,680 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: -----if you don't mind, please. Okay. Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: No, we'll facilitate ... like, if ... if ... if ... if answers are drifting-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: I have to allow the ... the questioner, but I do need to return to questioning here at some stage or another.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Mr. Quinlan, please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Mr. Quinlan, you have the floor.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: When did this happen, Mr. Quinlan? Can you just give us a timeline for this, please, if you don't mind?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: When was the period of this?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Okay. Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: NAMA. Fair enough, and I-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: And that is in your opening statement.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Can I just return to ... it was a question there that Senator O'Keeffe raised with you ... and was covering that area with you, Mr. Quinlan, about describing the business case process and criteria that the Irish banks typically applied, if at all, to loan applications from Quinlan Private in the pre-crisis period. And I'm just looking at your property portfolio there during that period, and...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Not only no obligation but they can argue the rent after three years in a different way to an Irish tenant could argue the rent after three years.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Okay. So would the model ... I just want to test this out. Developer A is going to develop a retail commercial office space unit, they go to the bank and say, "I have X amount of square metres or whatever, my rental ... the rental market is going to be X per square metre, and I'll fund my development costs through the rental income that will be based upon that. But not only will I be...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: So did upward-only rents and the particular uniqueness of them to Ireland and the UK, but particularly here in Ireland, were they a contributing factor to escalating the prices of property because the rents could only go up?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Okay, thank you. Senator Marc MacSharry.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Okay, we could be bumping outside of terms of reference now, Senator.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Sometimes ... maybe the question is maybe ruled out before it can even be asked, particularly if the member or his staff have been engaging with legal and they have been forewarned about it beforehand. So I'd ask you to proceed very gingerly, Senator.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: No, no ... I ... If you have been warned by legal that the question is already out of order, it's out of order right now.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Okay.