Results 13,781-13,800 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Very final supplementary now.

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

Ciarán Lynch: Thank you. Deputy O'Donnell.

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

Ciarán Lynch: Your question now, Deputy.

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

Ciarán Lynch: On page 42, yes?

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

Ciarán Lynch: I'd like to bring you back in again, Deputy.

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

Ciarán Lynch: Thank you. I want to bring you back in, so make it ... Mr. McDonagh?

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

Ciarán Lynch: Last question.

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

Ciarán Lynch: Okay. Thank you very much. Deputy John Paul Phelan.

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

Ciarán Lynch: Can I just deal with one issue now ... I know, I'm getting tired, I'm getting tired. Sean Patrick, my apologies, John Paul you were born in the year, so I should remember. Thank you. Do you want to take that, 29, and then I'll come back in.

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

Ciarán Lynch: And did you copy Mr. Somers routinely?

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

Ciarán Lynch: That's been dealt with. Okay. Before I more to wrap-up, it's just on a point of information because I know that Senator D'Arcy is leading with Mr. Somers so we just want to get a bit of consistency between the two sessions, just on a point of information, not a question line now.

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

Ciarán Lynch: You're not bringing the in question line, I've said, it's been just-----

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

Ciarán Lynch: No, no, I've just bringing you in on a point of information, you're not listed as a questioner. I'm accommodating you, Senator, because you're in leading next. Mr. McDonagh, I just want to ... on the general theme of a soft landing - and I'm going to wrap things up and then invite the two leads - there was a lot of discourse and a lot of mentioning and, even in witness testimony here,...

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

Ciarán Lynch: Okay, would you have a view that there was evidence to support the soft theory, or that there was greater or less evidence to support the hard landing?

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

Ciarán Lynch: There was a number of different correspondence ... or, sorry, a number of different references this afternoon to an e-mail between yourself and Mr. Beausang in September. However, I want to go on to an e-mail that took place between yourself and Mr. Beausang on 11 October 2008 titled, "State Aid policy issues". Do you recall this e-mail, Mr. McDonagh?

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

Ciarán Lynch: Could you maybe explain to us what the general ... this is 11 October, so about two weeks after the guarantee. Could you, maybe, explain to us what the purpose of this e-mail was about?

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

Ciarán Lynch: Okay. If I could maybe bring your attention to the fourth paragraph down because I think you, kind of, refer specifically in that area, where you say "Surely the objective of the guarantee of this dated subordinated debt from our point of view is to give the covered institutions the ability to access at least 2 year term funding to reduce their reliance on short term funding thereby avoiding...

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

Ciarán Lynch: In that regard, there's an indication here, and I want to test this out with as to ... with you Mr. McDonagh, as to what is actually being said here. Is it being suggested here that the design or structure of the guarantee, along with its period of duration would have a bearing on the Irish State entering a bailout programme two years and two months after this guarantee was put in place?

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

Ciarán Lynch: Was there a stage where the design of the guarantee did or did not give an indication that a bailout was going to be required because of its design and timeline?

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

Ciarán Lynch: Okay, I ... this is my final question to you, I suppose this is what you done every day for a living when you were working with the NTMA before you moved to your new position, is that you looked at the cost of Irish bond yields on a daily basis. I would assume that would have been one of the things that you did?