Results 14,301-14,320 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Final question there, Deputy.

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

Ciarán Lynch: All right ... and I don't want you speculating because you'll be put on record on speculation as opposed to actual factual basis. Deputy Doherty, please.

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

Ciarán Lynch: Thank you very much. I'll now move to wrapping things up. Senator D'Arcy, three minutes.

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

Ciarán Lynch: Thank you very much. Senator Barrett?

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

Ciarán Lynch: Thank you very much. I just wish to wrap up with you, Mr. Murphy, please. And maybe a lot of discussion this afternoon was with regard to the past and the, sort of, corrections that were required and so forth. A part of the work of this inquiry is also to look to the future in terms of making recommendations so we don't revisit the errors of the past and the difficulties that come with them...

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

Ciarán Lynch: You share that with a few professions, I'd say, Mr. Murphy, and maybe you're in proximity to a few of them at the moment.

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

Ciarán Lynch: Okay, thank you very much, Mr. Murphy. With that, I'm going to bring matters to a close. I just propose that we just take a very, very short private session after this just to work out the, kind of, sequencing for something to eat and all the rest of it. I've just been on to the canteen services here and I'll just give information to members about that as well. So with that said, I...

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

Ciarán Lynch: I now propose that we return to public session is that agreed? Agreed. 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? At our next session we will hear from Mr. Sean Mulryan, founder of Ballymore Group. This is one of several sessions in which the...

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

Ciarán Lynch: Thank you for coming before the committee this afternoon, Mr. Mulryan, and if I can invite you to make your opening remarks please.

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

Ciarán Lynch: Thank you very much, Mr. Mulryan, for your opening statement and if we can now proceed on to questioners and, in doing so, can I invite Deputy Michael McGrath to open up this session. Deputy, you've 25 minutes.

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

Ciarán Lynch: Thank you very much. Senator Susan O'Keeffe.

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

Ciarán Lynch: Have you seen this, Mr. Mulryan, have you?

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

Ciarán Lynch: Just we need to allow flexibility for that.

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

Ciarán Lynch: In that regard, Mr. Mulryan, just to advise you, if you are unfamiliar with it and you don't feel comfortable answering because it's unpresented material you can refrain from replying.

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

Ciarán Lynch: Can I deal with a couple of matters with you there, Mr. Mulryan, before we move on to the other questioners, with your permission? Mr. Mulryan, from your perspective, do you regard the valuation methodology applied in the pre-crisis period as having been sufficiently robust and representative? And maybe you could give us your views as to whether there were deficiencies or not in the process...

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

Ciarán Lynch: In the lending process, or not, at that time?

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

Ciarán Lynch: In your own experience, yes.

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: What do you mean by 70-30?

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

Ciarán Lynch: Okay. And there has been some suggestions that, in some instances, there was potential for no equity whatsoever. So let's say a person creates one development, with the level of property inflation that was taking place at the time, the initial loan on that would be well exceeded by the new valuation on it, creating a position of equity in which another loan could then be drawn upon the basis...