Results 13,981-14,000 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Okay. Was it one draft or a number of drafts that you saw?

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

Ciarán Lynch: And on the basis of - bearing in mind it is recollection - where did you see those documents?

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

Ciarán Lynch: The Department of the Taoiseach.

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

Ciarán Lynch: Okay, right. Thank you.

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

Ciarán Lynch: You can, indeed.

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

Ciarán Lynch: Just put it in there and I'll take it.

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

Ciarán Lynch: Okay. I just want to deal with one issue with regard to the guarantee on a more macro level with you, Mr. McCarthy, before we break. And that's to put the question to you: in your opinion did the duration of the guarantee, which was a two-year duration, create the conditions for the funding cliff that precipitated the bailout?

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

Ciarán Lynch: So, on that basis, just, and just to clarify and summarise it, so what you ... are you proposing that there was some consideration or concern with regard to the appropriateness of the duration and was that being reviewed during that time, prior to its point of expiry - like, for instance, one year in or 18 months in or whatever - that's what you're saying this evening, yes?

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: And also, one year into the process or towards the end of year 1, or on ... coming into the transition then of the first tranche of loans to NAMA were happening at that time, so did the Government consider a review at any point prior to that and then, particularly, prior to the bailout?

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

Ciarán Lynch: Okay. All right. Thank you, Mr. McCarthy. It's just coming up to about 7.10 p.m. I'm proposing that we break for 20 minutes or just in about that. The other thing, if I can maybe just ask members' permission just to come back maybe about two or three minutes before that, as I just want to review one document, then make a decision on it, and we'll see where we're going from there, okay?...

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

Ciarán Lynch: We will resume in public session and, in doing so, I'll invite Deputy Pearse Doherty for ten minutes of questions, please.

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

Ciarán Lynch: Final supplementary now, Deputy.

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

Ciarán Lynch: Okay. No, when you come in after this, sorry.

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

Ciarán Lynch: Mr. McCarthy, continue and then Deputy Doherty in.

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

Ciarán Lynch: Thank you very much. The next questioner is Senator Susan O'Keeffe. Senator.

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

Ciarán Lynch: There's phone interference coming from yourself.

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

Ciarán Lynch: Okay.

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

Ciarán Lynch: All right, Senator, I need you to wrap up, now, shortly.

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

Ciarán Lynch: Deputy Michael McGrath.