Results 15,041-15,060 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: I think it's a lot of detail.

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

Ciarán Lynch: The issue is on the guarantee.

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

Ciarán Lynch: Move on, Deputy.

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

Ciarán Lynch: All right. I'll bring you back in the wrap-up and we may be looking at this matter further as we proceed. I just want to deal with one question, Mr. Drury, before we move on the other questioners. And that relates to an inspection of commercial property lending activities at Anglo by the Financial Regulator in May 2007. This identified 30 separate issues-----

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

Ciarán Lynch: Yes. I'll bring it up on the screen there in a few moments. In your ... in the document that was provided to you.

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

Ciarán Lynch: It's in Vol. 1, page 67, if you want to look at the hard copy but I'll get the documentation on the screen before you. So, as I said, an inspection of commercial property lending activities in Anglo by the Financial Regulator in May 2007 identified 30 separate issues which it required to be addressed, at which it listed in the report dated 27 June 2007, and that's on the screen there in...

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

Ciarán Lynch: Okay.

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

Ciarán Lynch: Okay. Were you concerned by the issues raised in this report in any way with discussions that you may have had other executives of Anglo? While the hard copy of this report may not have been presented to you, were you familiar that the regulator's office had laid out such a long list? I think 30 specific items under 15 different headings. Were you aware of that document?

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

Ciarán Lynch: No discussion with other executives of the board?

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: Sure.

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

Ciarán Lynch: What period was this again, Mr. Drury?

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

Ciarán Lynch: Jurisdiction-----

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: Okay, so maybe-----

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

Ciarán Lynch: The ... as I said, there is 30 or so separate items there, 15 different headings. I am not too sure if there are other aspects of the banks or any remaining aspects of the banks that there didn't seem to be a concern about because the regulator's ... the letter indicates that they are looking at ... that this is not a concluded list. But what I am trying to scope out with you this...

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

Ciarán Lynch: Okay-----

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

Ciarán Lynch: I'll deal item 14 and 15 there-----

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

Ciarán Lynch: -----which is the "Group Risk Management Operations Board" and there is two specific items there. One is, "Terms of Reference should be reviewed periodically to ensure that they remain appropriate." and then it says, "Committee minutes should clearly reflect the discussions held." Now, I am still trying to establish the question I asked you earlier is: how would you not be aware of a...

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

Ciarán Lynch: You weren't told about it-----