Results 2,181-2,200 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Just to return to the past for a while, then, Mr. Mulryan, NAMA applied a discount of 5.25% to the long-term value of acquired properties to cover due diligence - this was on the macros level now - 0.25% and enforcement at 5%. In your dealings with Irish banks, how would you rate the extent to which the banks sought robust legal documentation as part of the application process and was...

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

Ciarán Lynch: All right, okay. Just a final question there. On, I think it's page 6 of your statement ... and I can bring it up, if you wish, if you don't have it there in front of you. You can contrast ... sorry, actually I've the wrong there, sorry. Did you observe any differences in loan monitoring between your various lenders? For example, did all lenders undertake inspections of key milestones?...

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

Ciarán Lynch: Okay. And finally, is ... it's just something you picked ... that you commented on earlier and if I ... maybe I can just pick up on that once more and get some further clarification. You commented upon how banks had loosened their lending standards and if maybe if I can ask is ... did this have any relationship to why you diversified outside of Ireland and maybe if you could elaborate-----

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

Ciarán Lynch: You commented earlier on how banks had loosened their lending standards and maybe if you could just talk a bit further to that and if you can say, if this was in any way related to you diversifying your business model outside of Ireland?

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: Or in general? You had done business over a period of time, so you would obviously been dealing with the financial institutions over a period. With the variation and the loosening of the model, did the Irish banking model have any relationship with you diversifying outside of Ireland?

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

Ciarán Lynch: Okay. Thank you. We'll move to wrapping things up so and if I can move to Deputy Michael McGrath, please.

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

Ciarán Lynch: Thank you very much. Senator O'Keeffe.

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

Ciarán Lynch: It's very confidential ... so.

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

Ciarán Lynch: Mr. Mulryan now might not be factual in that. I don't want you to be speculating. So, unless you can ... factual-----

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

Ciarán Lynch: Okay, yes.

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

Ciarán Lynch: Just there-----

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

Ciarán Lynch: They would, yes.

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

Ciarán Lynch: Indeed-----

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: Okay, if we can get one-----

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

Ciarán Lynch: Okay, if we can get one asked that can be answered, we'll end with that.

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

Ciarán Lynch: Okay, thank you very much. Okay, I'm going to wrap up with that. Mr. Mulryan, if there is anything further you would like to add by means of a closing statement or any comment, I will accommodate you if you wish.

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

Ciarán Lynch: I'm unsure, to be honest with you. Okay, but I'll try to accommodate you. I'm not too sure if this is the appropriate forum for it but, look, you have been a co-operating witness as best as you can today, Mr. Mulryan and if you are not gong to breach any legislation right in front of my eyes, I'd like to give you a bit of leverage.

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

Ciarán Lynch: Okay.