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Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: And in that regard, and I'm putting the question to both of you again, and then I'll move swiftly on to Deputy Higgins: what we're talking about here is that there was, sort of, micro behaviour taking place over in the regulator's office in regard to microeconomic factors and such. The regulator's office primary duties were in two areas; one, consumer protection and the other one is the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: To get harder.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Okay. Mr. Dunne?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Okay. Deputy Higgins.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: What page is that, Deputy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Of which document is that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: On the right hand corner of the page.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Thank you

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Which page are we there, Deputy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Yes, okay. Fire away.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Where is that now, Deputy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Final question now, Deputy. Final question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: I'll be bringing you back in the wrap-up. I'll be bringing you back in wrap-up. You're opening a new line of questioning, I'll bring you in the wrap-up. There is just one short supplementary. Okay, thank you. Okay, Mr. Begg, if I can just deal with a couple of questions with yourself there and if I can just get a ... this is a ... crisis management key findings from the five reviews -...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Yes, sure-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Okay. Mr. Dunne?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: If I could maybe just refer on the ... there's two statements there; I just want to address. One is from the Wright report and it's under the heading there - whether income was a cause. Just a mid-paragraph analysis. Wage settlements accelerated markedly from the late 90s, in absolute and in relative terms. The "trilateral" wage agreements continued but became less relevant as workers...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: I just want to go back to one point. I just want to bring in Mr. Dunne and ... because we know that going into 2000, there was a ... 2008, the social partnership was still looking to extract more from the pot and the ... later in the year, it was showing that the income wasn't actually there. But returning to the earlier point, Mr. Dunne.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Ciarán Lynch: So, just to return then, to your own time, Mr. Begg, at the latter end, as were facing into the crisis and a bailout was coming into ... on the horizon, a banking guarantee was becoming more evident, as we saw from discussions here, was there a desire in social partnership, from your experience, from all the parties not just the union sides but employers and so forth, that there needed to be...

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