Results 13,941-13,960 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Was the call and this request ... was it very, very prescriptive in terms of, forensically you need to look at this, or was it general?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Okay, thank you. Sentaor Sean Barrett.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: That's fair enough. Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: If that's guessing information, Mr. Farrell, I'd rather you didn't unless you have an informed that

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: That's subjective.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Okay is that completed? Okay, I'm just proposing that we will just take a very short comfort break for about three minutes and resume immediately afterwards. So just to suspend the session temporarily for a couple of minutes. Mr. Farrell, to remind you that you're still under oath and also that any engagement that is there ... is, you're still under direction and you can take any legal...

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: I propose we go back into public session immediately. We continue our engagement with Mr. Farrell, is that agreed? Agreed. Okay, I just want to deal with one question there Mr. Farrell and I'll come back to you in the wrap up there. It's in your witness statement and it's in relation of your witness statement which the IBF to prepare a note for issues raised and circulate to attendees....

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Thank you very much. The next questioner is Deputy Kieran O'Donnell. Deputy, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: I need you to wrap up now. I think the summary question is that because there's more cash being on deposit, does that facilitate further credit in the market?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Okay. Thank you very much, Deputy. I'm going to just deal with a couple of questions myself, Mr. Farrell, and then I'll invite both Deputy Doherty and Deputy Phelan to wrap up. Mr. Farrell, you represented both banks operating domestically and international banks, and those operating in the Irish financial services centre. In your opinion, was Irish financial regulation policy geared...

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Okay. And maybe just to test that proposition further, in earlier testimony, I think it was Mr. Roux from the Central Bank who was here, and, a line of questioning developed with him that the principles-based regulation, which is the formal term for what later became colloquially known as light-touch regulation, was an international rule; it wasn't just specific to Ireland. But the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Okay, thank you very much. I'm going to move to wrapping things up, so if I can invite Deputy John Paul Phelan, just for three minutes, then Deputy Doherty for three minutes. Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Thank you. Deputy Doherty.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Let me just clarify this. I suppose, it's a very simple ... I see where Deputy Doherty is coming on this. Are you stating a position that this is Depfa's position or are you advocating Depfa's position? Because in the statement to Mr. Farrell it says, it's the third line down, there under the word "Kevin", "We believe that support for ACS is now of significant importance and urgently...

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: So, like that would ... could be construed as an advocating position, rather than just a statement of fact that somebody has a difficulty here, can you make a position on it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Deputy Doherty, and we will wrap up then.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: I'll need to end this there, Deputy. With that said, is there anything you'd like to say by means of a closing comment, Mr. Farrell?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: So, with that said, I'd like to thank Mr. Farrell for his participation today and for his engagement with the inquiry, and to now formally excuse the witness. In doing so I propose that we suspend until 4 p.m. I propose that we suspend until 4 p.m., to return in private session until 4.30 p.m. and then we'll deal with the engagement with Mr. McCarthy subsequent to that. Okay, is that...

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: So we now commence our next public hearing with Mr. Dermot McCarthy, former general ... Secretary General, Department of the Taoiseach, and Secretary General to the Government. The Committee of Inquiry into the Banking Crisis is now resuming in public session. And can I ask members and those in the public Gallery to ensure that their mobile devices are switched off? The ... as ... at our...

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Okay, once again, thank you, Mr. McCarthy, and if I can invite you to make your opening statement please.