Results 2,661-2,680 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Were you aware of any discussion or any communications taking place between the Minister and other members of Government or anybody else about concerns with regard how the banking guarantee was actually structured, how it was designed, how about its period of duration - it was set up for two years - and did that ... and it having any bearing on the Irish State entering a bailout programme two...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay. Mr. Cardiff, in his witness statement, commented to this inquiry - I think he commented on the Jean-Claude Trichet letter of 19 November 2010, to the late Minister for Finance - and in many ways he, Mr. Cardiff ... Mr. Cardiff's commentary, in many ways "the letter was entirely superfluous since it was already clear by the time of the letter that the Government was going to opt into a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay. So, in terms of being bounced into a programme or being hurried into a programme, in terms of maybe more accurate English instead of spin English, were we bounced into a programme or was it inevitable, and that it maybe hurried it up? Because "bounce" might give the impression that we were in some place completely different and you then end up somewhere else. So were we bounced or...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: In Kevin Cardiff's statement - it's coming up on the screen there - there seems to be a commentary from Olli Rehn is ... It's just come up there now in a moment, from Olli Rehn that maybe a bailout programme could be avoided, and then Mr. Buti is more or less taking a certainty position that a bailout programme is going to happen. I just, it says ... it's half way down the page there - this...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay. On the issue of a soft landing, did you use that vocabulary in some of the speeches or addresses or press releases?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay. Did you ever see a document coming from the Department of Finance that was their document supporting a soft-landing theory?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: But by ... there was no document provided to you to say, "Ms Herbert, you need to communicate positions that the Department of Finance have, these are evidential-based positions, we have the supporting evidence that says that there is a soft landing outside there, in a communication to it, this would be the reference point that we would give to editors", and so forth?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Nothing of that regard. Okay. Finally, Ms Herbert, you refer to Mr. Lenihan's statement that a precautionary bailout involving intensive scrutiny would be his preference, probably giving the Government a greater discretion on fiscal adjustment targets, etc. Did that lighter-touch option feature in any exchanges with the Taoiseach or Ministers that you know of?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Okay, thank you. I'm going to move to wrapping-up question and one supplementary question. One supplementary, beginning with Deputy O'Donnell.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you very much. Senator? A question, a supplementary?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: A final question to Ms Herbert, and then I'll invite you to make any closing remarks you want. In regard to the corporation tax issue there, I was going to raise it myself with you anyway, was there really anything new with regard to other European partners' concerns with regard to Ireland's corporation tax? There's plenty of records showing that many governments were ... had their noses...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: And that was in the context of Ireland needing some structural programme and the discussion of corporation tax was explicitly in that arena, not in the general arena where there has been a lot of commentary from European partners around corporation tax?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Sure. And was reducing the minimum wage part of those discussions, to your familiarity?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Reducing the minimum wage?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Inclusive of reducing the minimum wage?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you very much. Ms Herbert, is there anything else you'd like to say by conclusion?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you, Ms Herbert, but I wouldn't be diminishing your own participation here this morning in that regard. With that said, I'd like to thank Ms Herbert for her participation with the inquiry here this morning, to now formally excuse you and to thank you for your engagement with the inquiry this morning also. Thank you. So I now propose that we suspend until 11.50 a.m., as we'll just...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: And we now commence with our second session of today which is public hearing with Mr. Derek Quinlan, former executive chairman and founder of Quinlan Private. 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 session we will hear from Mr....

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Thank you. Before we commence there, do you have your phone switched off, Mr. Quinlan, have you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Ciarán Lynch: Do you have your phone switched off?