Results 13,861-13,880 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Okay now, I have to close you down, please. Keep it short now ... and not an analysis.

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

Ciarán Lynch: Okay. Deputy McGrath and then I'll just close-----

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

Ciarán Lynch: Thank you, Dr. Somers. I just want to wrap up a couple of things. Dr. Somers, in or around 2007 ... you're a bit like myself, I'm not great on names and dates; I just remember the general picture. But in 2007, the summer of then, the NTMA took an €8 million investment in Bank of Ireland bonds and I think it started to invest other bonds in the Irish market at that time. Would you...

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

Ciarán Lynch: I don't have the figure here, so I'm just ... I'm-----

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

Ciarán Lynch: If there was a burning of bondholders, how much would the NTMA have potentially been burnt for?

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

Ciarán Lynch: In NTMA bonds-----

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

Ciarán Lynch: -----that the ... or the bonds that the NTMA had in Irish banks.

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

Ciarán Lynch: Okay. Very final thing, Mr. Somers, you were actually at the IIEA event in Kilmainham when Mr. Trichet was actually there. In an earlier question there, you were painting a picture that you believe a bailout programme was inevitable by 2007. Am I correct in hearing you say that, that a bailout programme, not a guarantee now but a bailout programme that we were on track-----

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

Ciarán Lynch: Okay, I just wanted to clarify that because ... yes.

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

Ciarán Lynch: All right. Okay. So what were you saying in 2007, so? You were saying that there was something there in 2007 or that the banks were-----

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: I just wanted to clarify that.

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

Ciarán Lynch: Yes. Okay.

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

Ciarán Lynch: And the other thing that Mr. Trichet said, when he was at that date, just to come back to that, he gave an analogy of how much liquidity the ECB were putting into Irish banks at the time and he went on to say, as you know, we could have also continued on our side having gone up to 100% of GDP, to 200% of GDP, and 300% GDP and then he refers to this inquiry carrying out an investigation in...

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

Ciarán Lynch: Okay Mr. Somers, is there anything finally you'd like to add by means of closure?

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

Ciarán Lynch: Thank you very much. With that said, I'd like to thank Dr. Somers for his engagement with the inquiry this afternoon and for your participation, to now to formally excuse you and to propose that the meeting be adjourned until 3:30 p.m. on Tuesday, 14 July. Is that agreed? Agreed. Thank you.

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Election of Vice Chairman (14 Jul 2015)

Ciarán Lynch: The first item on the agenda is the election of a Vice Chairman. I invite nominations for the position.

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: Election of Vice Chairman (14 Jul 2015)

Ciarán Lynch: I second Deputy Helen McEntee's nomination. As there are no other nominations, I declare Deputy Helen McEntee Vice Chairman of the Select Sub-Committee on Arts, Heritage and the Gaeltacht. I congratulate Deputy McEntee on her appointment.

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: National Cultural Institutions (National Concert Hall) Bill 2015: Committee Stage (14 Jul 2015)

Ciarán Lynch: This meeting has been convened for the purpose of the consideration of Committee Stage of the National Cultural Institutions (National Concert Hall) Bill 2015. The meeting will continue until 8 p.m. and if the proceedings on the Bill have not concluded by then, we will suspend the meeting for 15 minutes and resume at 8.15 p.m. Is that agreed? Agreed. The Bill provides for the...

Committee on Environment, Culture and the Gaeltacht: Select Sub-Committee on Arts, Heritage and the Gaeltacht: National Cultural Institutions (National Concert Hall) Bill 2015: Committee Stage (14 Jul 2015)

Ciarán Lynch: Amendments Nos. 2 and 3 are related and will be discussed together.