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

Ciarán Lynch: Yes, that's-----

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

Ciarán Lynch: Okay, what I-----

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

Ciarán Lynch: Usually by a closing statement, somebody is making closing remarks. Mr. Mulryan, we may end up in a situation, if you make this closing statement extending this session, because you may put questions out on this floor as well. A statement is one thing where somebody makes a closing remark ... it is somebody making ... putting further evidence in there, that must be tested.

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

Ciarán Lynch: Okay, thank you.

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: Well, listen. If members wish ... if members wish ... just give me two seconds. What I am going to propose is that we adjourn for five or ten minutes, sufficient time to allow our legal people to see what Mr. Mulryan wishes to say and if wishes to say it with legal approval, we will go there. So I'm now proposing that we adjourn.

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

Ciarán Lynch: What will happen here, Deputy Higgins, is our legal people and maybe Mr. Mulryan has legal people with him here today - I'm not too sure - but there will be an engagement with Mr. Mulryan, and before we go back into public session with Mr. Mulryan, our legal people will discuss with us as well as to the context and the flow of this. I'm sure everybody doesn't want five minutes of questioning...

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

Ciarán Lynch: So if I can just propose we go back into public session. Is that agreed? Agreed. Okay. And this is to formally and in public session to conclude our session of today with Mr. Mulryan, and in doing so, to thank Mr. Mulryan for his participation today with ... and his engagement with the inquiry. And to now formally excuse the witness and to suspend the meeting, proposing to suspend it...

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

Ciarán Lynch: I now propose we return back to public session. Is that agreed? And in returning to public session, this is our fourth session of today, the Committee of Inquiry into the Banking Crisis is now resuming in public session. 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. Michael O'Flynn, founder,...

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

Ciarán Lynch: Thank you very much, Mr. O'Flynn, and, once again, thank you for your co-operation with the committee this evening 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. O'Flynn. And if we can commence questioning, please, and in doing so if I can invite Deputy Kieran O'Donnell. Deputy, you've 25 minutes.

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

Ciarán Lynch: I appreciate that.

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

Ciarán Lynch: Final question, Deputy.

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

Ciarán Lynch: Final question.

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

Ciarán Lynch: I'm only allowing one supplementary, Deputy. I'll bring you in in the wrap-up again then, okay? You're lead questioner, so you get back in.

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

Ciarán Lynch: We'll return to that again in a moment, Mr. O'Flynn, but I do need to move on. Senator Marc MacSharry.

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

Ciarán Lynch: Yes, once you're not getting into the business of-----

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

Ciarán Lynch: I'll assist you in answering the Senator's question. Is ... without finding yourself in a space of making an allegation that would be ... well, it might consider an abuse of privilege or something like that I would maybe, if you could speak in general terms as to what the approaches were. Once you don't make a statement. Okay, please.

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

Ciarán Lynch: Highlight the section. It's hard to read there sometimes if it's at an angle. Yes, it's the ... item 4, the role of NAMA.

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

Ciarán Lynch: You've got it.

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