Results 15,001-15,020 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: And was that reflected in the overall EBS book or was it inclusive of the subsidiaries in the brokers and all the rest that you were including?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: In terms of the strategy that the concerns were raised that you were hearing about around 2007, was the strategy itself by your observation one driven entirely by competition or was it other factors? This is the strategy to grow.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Sure, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: And coming back then to 2003, these are the difficulties in 2007 that arose-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: -----but back in 2003 was the strategy driven by competition to engage, like I have demonstrated, some of the advertising that was going on? Was the strategy initially one based upon competition in the market?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Okay, and very, very finally, just with regard to the whole process itself, how aware were you of any skill problems with EBS, who had little previous exposure to commercial lending?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: The skillset was gone.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Thank you. I, just, Senator O'Keeffe has just indicated once to me. Just briefly, Senator, and then I am going to bring in the wrap-up.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Senator Barrett, conclusion?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Okay, that's fair ... that's fair. I'm going to bring matters to a conclusion. Ms Clarke, if there's anything you'd like to say by means of closing comment or any remark, I'll take that if you wish.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: With that said, Ms Clarke, thank you very much. In doing so, I'd also like to thank you for your participation today. Our apologies for delaying you with our late start and also thank you for your engagement with the inquiry. With that said, I propose that the witness be excused. We will suspend for five minutes. Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Ciarán Lynch: As 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 our first session today which is a public hearing and the discussion with Mr. Fintan Drury, former non-executive director of Anglo Irish Bank. In doing so, I would like to welcome...

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Ciarán Lynch: Once again, thanks, Mr. Drury, for being here this afternoon with the committee and if I can invite you to make your opening remarks please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Ciarán Lynch: Thank you very much, Mr. Drury. And we can commence questioning and in doing so if I could invite Deputy Eoghan Murphy. Deputy, you have 25 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Ciarán Lynch: Allow Mr. Drury to respond.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Ciarán Lynch: Can I just ask Mr. Drury-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Ciarán Lynch: Sorry, Mr. Drury, are you familiar with the article?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Ciarán Lynch: Okay, once you remain within the lines of inquiry and under ... and remain under direction.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

Ciarán Lynch: What article?