Results 15,421-15,440 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: That would be your-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Yes, but what's your observation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Okay. Is there anything else you'd like to add by means of final comment, Mr. Purcell?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Okay, with that said, I'd like to bring matters to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Sorry?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Ciarán Lynch: Okay, thank you. So, with that said, I would like to bring matters to a conclusion and thank Mr. Purcell for his participation this evening, and for his engagement with the inquiry, and to now formally excuse you. In doing so, I would just like to suspend for a moment to deal with just one point of information before we close this evening and as we prepare for our hearings tomorrow morning....

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 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 today's session 1, public hearing with Mr. Peter Fitzgerald, former director of corporate and retail treasury, Anglo Irish Bank, and in doing so, I would like to welcome everyone to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Once again, I welcome before the committee this morning Mr. Fitzgerald and if I can invite you to make your opening remarks to the committee, please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Thank you very much, Mr. Fitzgerald, I just want to clarify one matter there before I bring in the questioners this morning. Could you clarify to the committee as to whether or not you were a member of the assets and liquidity committee and whether you were a member of the supervisory board of the Austrian subsidiary?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Thank you very much. Senator Michael D'Arcy. Senator, you have 20 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: I am not going to go into that-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Sorry, Senator, let me make this very clear-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Let me make this very clear from the outgo: this committee would be subject to a very serious court injunction if we were to go into that space. So that conversation is ending-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: It's ending right now. It's ending right now.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Final question now, Senator, and then I'm moving on.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Okay. Thank you, Senator. I'll bring you back in later. Deputy McGrath.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: If I may stay with that for a moment with Mr. Fitzgerald, in that, in December 2007, the group ALCO - or asset and liability committee - and the ALCO liquidity committee approved a stress testing and scenario analysis. I'll just bring it up on the screen there, just an example of it. This relates, I think, it's to you ... it's one of the core documents, Vol. 2, 37 to 59. I think it's two...

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Right.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: The policy does not include an extreme doomsday scenario similar to that which occurred post the collapse of Lehman Brothers. Can you explain why that wasn't the case in this instance?