Results 14,401-14,420 of 16,537 for speaker:Brian Lenihan Jnr
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: They did.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: They did.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: I will deal with that in my reply.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: That will be brought before the House prior to the extension.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: That will have to be examined, I agree.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: It is beginning to show signs of life again.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: The point is NAMA will not pay for them.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: Because it is a circle of incompetence rather than untouchability.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: Through a wealth tax?
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: I thank Deputies for their interventions in this debate. I will deal with issues raised on all sides. Deputy Noonan raised the question of the information flow from the regulatory and central banking system to the Department. The difficulty is that we are trenching upon the distinction I drew in the debate - which is the one point of difference between our position on the terms of reference...
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: I did not have sight of any amendments, though I am not-----
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: Yes, the informal amendments.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: Procedurally, I am advised that we cannot change the terms of reference today in the House, so I am undertaking to the House that the terms of reference will be changed. I understand there is the power to subsequently amend the terms of reference-----
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: -----so I am proposing to do that. That cannot now happen until late September or early October, but I can make the decision now and advise the chair to proceed on that basis. The necessary change can be made by way of a motion without debate in the House in the autumn.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: That is what I said I intended to do. I undertake to make the necessary change and I will advise Mr. Nyberg of my intention to do so in order that he can proceed with his work along those lines.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: That deals with the issue and we do not need to develop it further. Clearly it is essential, since the regulatory system is inextricably linked with one of the transactions identified by Deputy Noonan in his contribution. It is essential that aspect of the matter is part of the terms of reference and I do not have any difficulty with that. Deputy Noonan also asked whether the advice the...
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: Deputy Noonan went on to make more general remarks on the question of the liquidity crisis, which was the main concern of the Government in late September 2008. I recall saying in that debate that we were going in deep. We were well aware that we were going into a system that required detailed examination and, therefore, the PriceWaterhouse Coopers' examination of the bank assets then took...
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: Let us be clear. The draft business plan that was submitted to the House last autumn was just a draft, prepared by the interim NAMA executive. At that stage, NAMA was far more dependent on information voluntarily supplied by financial institutions, including the PriceWaterhouse Coopers' report, than it was in its more recent exercise.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: This is not Question Time. I am trying to reply on the issues that were raised.
- Banking Sector Crisis: Motions (8 Jul 2010)
Brian Lenihan Jnr: Deputy Burton raised the question of the terms of reference and asked why these did not extend to the Government and the Department of Finance. I believe there are two distinct issues Deputy Burton is anxious to see examined. One relates to the causes of the crisis and the fact that the response, the analysis, the assessment, the Department may have made and the advice it may have given to...