Results 2,301-2,320 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Can I just come in on one aspect of that, if you don't mind, Senator?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: And I'll just hold over time for you. And that brings us to a particular area. They had given political guarantees. We had given a political guarantee on the night of the guarantee, but we were moving towards now a legislative-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: -----written guarantee that was going to enshrine this and make it a sovereign debt-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: -----through legislation. Was there any commentary with regard to maybe colloquially or seriously, says, "Listen, guys, you made a political guarantee, but we're not too sure whether you need to be going into this written guarantee"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Senator Barrett, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: No, you've another minute or two.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Thank you very much.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Deputy Pearse Doherty.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Just relay a supplementary to that and then we'll move on.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Thank you very much. I'm going to bring in Senator MacSharry and then I'll deal with one issue and I propose we might take a break for a few moments at that ... after which. Senator MacSharry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Thank you, Senator. Can I just deal with one or two matters and then we will go for a break? Earlier you were talking in regard to the shelf life of the guarantee and why not four years, five years in others because I think this relates to the conversation you just had with Senator McSharry. Why was a different timeframe not put on it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: And in that regard because it was two years, Dermot McCarthy when he was in before us yesterday afternoon suggested that the duration of two years contributed towards the funding cliff that led to a bailout.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Can I just ask one other final question? If Anglo was just left to go bust on the night and was kept outside of the guarantee, what would the legal considerations have been? Would this have been very, very complex, very, very messy or would it have been, "Here's a legislation; let's make it happen"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Thank you very much. I now propose that, as it is 11.15 a.m., that we will suspend until 11.30 a.m. to return at that time to continue our engagement with Mr. Gallagher. Before members leave, I just need to deal with the formalities of that and to remind Mr. Gallagher that he remains under oath. He can deal with his own legal people if he has them with him here this morning and so forth,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: We're still in private session. Okay, we now ... sorry ... the monitors. My apologies, Deputy. We're actually in public session. Sorry, continue.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Thank you very much. Deputy John Paul Phelan.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: First of all, Mr. Gallagher, are you familiar with the publication?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Okay. Okay, thank you very much, Mr. Gallagher.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Final question, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

Ciarán Lynch: Thank you. Senator Michael D'Arcy. Senator, seven minutes.