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

Ciarán Lynch: Thank you very much Senator, I will bring you back in the wrap-up. Senator D'Arcy was also talking to you earlier with regard to liquidity and solvency issues and if I could just get this rounded off before I bring in Senator Barrett, I may ask you Mr. Murphy: did the EBS have any discussions with any other bank, Central Bank or Department of Finance in relation to liquidity issues or...

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: Okay thank you. Senator Barrett.

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

Ciarán Lynch: I'm sorry to see you going back so far, we'll stick with the periods already. That's maybe bit outside our terms of our reference, but we'll go there - go on.

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

Ciarán Lynch: The Medici.

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

Ciarán Lynch: Okay. Thank you very much and I think you've addressed the ... just one outstanding issue but I just want to get one aspect of it. In regard to the Financial Regulator and the Central Bank having been concerned with regard to the level of growth of credit and the oversight of such credit, what was your view of this and what steps did you help the EBS to take to offset these concerns?

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: Okay. Thank you. And in regard to the regulator, what was your understanding of the regulator's observation of that growth of credit at that time?

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

Ciarán Lynch: In regard to your observations of the regulator and the significant growth of credit, what was your observations of the regulator's office at that time?

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

Ciarán Lynch: Okay. Thank you. Senator Marc McSharry.

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

Ciarán Lynch: Senator. Mr. Murphy?

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

Ciarán Lynch: Okay. Thank you, Senator.

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

Ciarán Lynch: Deputy Kieran O'Donnell.

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

Ciarán Lynch: Just a moment there now, let me see.

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

Ciarán Lynch: No, I don't think they are. I ... if you can just address it generally, Deputy, there for a minute and I'll come in and I'll give you a clear direction in a moment. Okay?

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

Ciarán Lynch: I might just assist you there, Deputy, and I'll stop the clock to do so. I've an indication of where you're going in this. I think where we were with this with other institutions that were in, the names were actually redacted, so to be consistent, I would just ... in that manner, I would advise that you take the-----

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

Ciarán Lynch: Yes, but to be consistent with other testimony.

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

Ciarán Lynch: You can through the years and the sums, just-----

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: Thank you, Deputy. Mr. Murphy?

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