Results 14,241-14,260 of 16,492 for speaker:Ciarán Lynch

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: Okay. If I can just revert to yourself, Mr. Dunne. In your opening statement - and if I can get it up there please - you ... and this is related to your earlier engagement with Deputy Higgins, you state that the bank was confronted by the dilemma of ... then going on, triggering events which it was actually seeking to prevent and then going on to say again specifically that they ... they...

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

Ciarán Lynch: And in that cautionary environment that you just explained to us, Mr. Dunne, did that create an environment where ... and the events that were happening that the bank was trying to prevent details of the discussions on these issues or whether, with hindsight ... we discussed that they could have actually triggered them through a self-fulfilling prophecy, but was there, if not an explicit, an...

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: Okay. My apologies as well for that interruption. Mr. Begg, would you have a different or a similar view-----

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

Ciarán Lynch: -----with regard to the difficulties that that ... as outlined by Mr. Dunne?

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

Ciarán Lynch: Finally ... and what I propose we might just take a five-minute break at that stage and then we can return as we've a busy schedule, but I just need to maybe call a short break. Finally, to yourself, Mr. Dunne, the IDA publication "Winning direct" ... or, sorry, "Winning Foreign Direct Investment 2015-2019" states "A critical element of IDA Ireland's new strategy will be a continued strong...

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

Ciarán Lynch: Yes, but this was a forward ... projected document that-----

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: And by your familiarity ... we've had this discussion here as well - I think it was with Mr. Roux from the Central Bank when he was before us recently - where it was discussed that principles-based regulation was a global principle - it wasn't something that was unique to any geographical location in Europe or worldwide. In, kind of, sporting parlance, there was a code for playing football...

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

Ciarán Lynch: Okay, thank you. With that said - it's 11.38 a.m. - I propose that we suspend until 11.45 a.m., if that's agreed. And in just suspending the meeting, to remind Mr. Dunne and Mr. Begg that you're both still under oath. You can revert to your own legal people or advisers if they're here with you and I propose that we will return at 11.45 a.m. Is that agreed? Agreed.

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

Ciarán Lynch: So, I now propose that we go back into public session. Is that agreed? And we complete our engagement with Mr. Begg and Mr. Dunne of today. And in doing so, I'll invite Deputy John Paul Phelan. Deputy Phelan, you've ten minutes.

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

Ciarán Lynch: That question is made, Deputy. I need you to wrap up shortly with Mr. Dunne.

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

Ciarán Lynch: Thank you very much.

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

Ciarán Lynch: Deputy Murphy will take it.

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

Ciarán Lynch: Time, Deputy.

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

Ciarán Lynch: Final supplementary now, Deputy

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

Ciarán Lynch: I need to move on. Deputy McGrath.

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

Ciarán Lynch: Thanks very much. We are going to move to wrap things up. Senator O'Keeffe, three minutes.