Results 2,481-2,500 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Okay. So on the position of risk and return, which are two significant factors in any level of investment, are you saying that having 60% of total funds invested in two Irish banks that that was considered good risk and good return?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: I'm saying to you, having 60% of the portfolio invested in two Irish banks, in terms of risk and return, would ... was that considered a good risk and a good return by the National Pension Reserve Fund and the NTMA?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Okay, thank you. Just a final question. One of the key requirements was your ability to fully inform potential investors regarding progress in consolidating public finances, recapitalising and restructuring the banks and regaining competitiveness. You also referenced a statement by the ECB President that the ECB was prepared to do whatever it takes to save the euro. So, Mr. Corrigan, can...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Okay, thank you. We'll move to wrapping things up, so. Senator O'Keeffe.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Now, Senator-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Okay, thank you. Deputy McGrath.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Thank you very much. I think the NTMA's position on NAMA has been covered but maybe if we could just revisit one aspect of it with you, Mr. Corrigan, before we close and just comment upon the assessment and reaction by the NTMA to Dr. Bacon's proposal in general?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Was multi-banked that big lenders had loans from various institutions, cross-securitised and so forth, yes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Okay, thank you. With that said, I would like to bring matters to a conclusion, is there anything you'd like to add by means of a closing comment or statement or remark, Mr. Corrigan?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Okay thank you. So with that said, I'd like to thank Mr. Corrigan for his participation here today and his engagement with the inquiry. I now propose to formally ... that the witness will be formally excused. I propose that we briefly suspend when Mr. Corrigan is absented from the room, just to return for a private session with the committee then afterwards. So, Mr. Corrigan, thank you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: We will now go back into public session. Is that agreed? Agreed. Okay. We will now commence on with our session of today with Mr. Pat Farrell, former CEO of the Irish Banking Federation. The Committee of Inquiry into the Banking Crisis is now resuming in public session. Can I ask members and those in the public Gallery to ensure that their mobile devices are switched off? At our next...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Once again, Mr. Farrell, welcome before the committee this afternoon. And if I can invite you to make your opening remarks to the committee please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Thank you very much, Mr. Farrell, for your opening statement. And if I can invite Deputy John Paul Phelan now. Deputy, you have 25 minutes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: That's outside the scope. Mr. Farrell, that's entirely your own gift to furnish.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: I'll have to ask you to move on, Deputy.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Thank you very much. Next questioner now is Deputy Pearse Doherty. Deputy Doherty.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: If you don't you mind Deputy, it's just you mentioned earlier there, Mr. Farrell, that you brought together chief risk officers-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: -----of the banks in 2007. Which authority brought that together or what authority was it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: It was the IBF, was it? Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Ciarán Lynch: Back to yourself, Deputy.