Results 2,581-2,600 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Can you give a reference for that if you have it, please?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Okay, just give me the-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Mr. McCarthy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: I need you to dial that down a small bit there now, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Last question, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Okay, thank you very much. Senator Sean Barrett.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: We're coming up now to the 9 o'clock threshold, and on the TV cameras it says you can say whatever you like, but the rules still apply in the inquiry before and after 9 o'clock. Mr. McCarthy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

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

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: We're over the 9 o'clock threshold now. I'll give you a bit of leverage.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Please. Thank you very much. Mr. McCarthy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: We might go on the 10 o'clock threshold.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Thank you very much, Deputy. I'll just wrap up with a couple of questions, Mr. McCarthy, and then Ill invite the two leads to wrap up as well and any closing comments you may wish to make yourself. I just want to bring a minute up on the screen there just for a moment. It's in your own book of evidence, its DOF01B02. It's a minute of a meeting where there is a discussion with liquidity...

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Maybe if you could just briefly outline as to what the agenda of that meeting was discussing.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Right. Given the nature and the seriousness of obviously what was being discussed here, could I put the question to you, Mr. McCarthy, when even approximately - I'm not looking for the specific hour or the specific date, but by approximation - did you become aware that the whole, say, borrowings situation presented a systemic risk? And how was this risk relayed to you, and by whom?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: You think it was earlier ... approximately, just on a date line, quarter 1, quarter 2, if not even the month.

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Of-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: 2008. No later than quarter 2 of 2008, okay. If I can just deal with one final issue then, Mr. McCarthy. There's a table in your evidence book there, and I just want to bring that up. And the two tables relate ... one is a ... it deals with sectoral lending volumes, in billions, and you can see a, kind of a, significant growth factor there from ... going from '01 into '02 and then a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Okay. And putting aside concepts like groupthink, herd instinct, and all the rest, if somebody just arrived to these figures coldly, not taking on the, kind of, media environment or influences or anything, just looked at these figures coldly, should they be giving at least amber signals that there is potentially a problem here?

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Ciarán Lynch: Okay, all right. So in your view was Government aware at that time that there was an amber light, to use that parlance?