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

Ciarán Lynch: We continue our engagement of this evening with Mr. O'Flynn. It is just coming up for ten o'clock, so if I can ask Mr. ... or Senator Michael D'Arcy to recommence questioning. Senator, you have ten minutes please.

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

Ciarán Lynch: Thank you very much. Deputy Joe Higgins. Deputy, ten minutes.

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

Ciarán Lynch: We get that, and I don't want you to breach that either.

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

Ciarán Lynch: Is it the Irish Examineror the financial examiner? Just to be clear on that.

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

Ciarán Lynch: Thank you, Deputy. Senator Sean Barrett.

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

Ciarán Lynch: I'm going to start wrapping things up and I just ... some more overhanging stuff, just before close of business, but I'll work on the opening things up. Deputy O'Donnell, three minutes.

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

Ciarán Lynch: That's a legal process. It had an outcome and it would be wrong-----

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

Ciarán Lynch: Thank you very much, Deputy O'Donnell. Senator MacSharry.

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

Ciarán Lynch: I'm going to wrap things up. Mr. O'Flynn, just asking you since you've exited out of NAMA, or in the period exiting out of NAMA, and as you said earlier you see yourself as a builder, you were never a speculator but development is part of building. How many houses have you built since you exited NAMA?

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

Ciarán Lynch: Okay, thank you. Is there anything you'd like to add by means of final comments? Just got me into trouble earlier, so please don't do it again.

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. So with that, I'd like to bring this session to a conclusion. In the ... prior to suspending for maybe just about five minutes as we, when we go back into private session. I'd like to thank Mr. O'Flynn for his participation this evening with the inquiry and for his engagement with it. And to now formally excuse you. So I now propose that we suspend for five minutes and...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Ciarán Lynch: We have a quorum. The Committee of Inquiry into the Banking Crisis is now in public session and can I ask members and those in the public Gallery to ensure that their mobile devices are switched off. We begin today, which is our session one, which is a public hearing with An Taoiseach, Enda Kenny TD and Mr. Richard Bruton TD. I would like to welcome everyone to today's public hearing of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Ciarán Lynch: Thank you. So once again, An Taoiseach and Minister Bruton, if I can invite you to make your opening remarks and can I invite you, An Taoiseach, to make your opening remarks to the committee, please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Ciarán Lynch: Thank you very much. Minister Bruton.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Ciarán Lynch: Thank you very much, Mr. Bruton. So I now begin with questioning, and, in doing so, I'll invite our first questioner this morning. It's Deputy Pearse Doherty. Deputy, you have 15 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Ciarán Lynch: I need to move here-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Ciarán Lynch: Okay, Taoiseach-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Ciarán Lynch: Okay. Can you just hold the clock a second there? I just need to come in for a moment here, Taoiseach. The question the Deputy is answering is a micro exercise of the political manifesto of the Fine Gael Party at that time and the question that is being put is the specific measures as opposed to the macro general issues. So ideas such as 18% ... reductions in taxation means a loss of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Ciarán Lynch: Okay.

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