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

Ciarán Lynch: 2.12 in the Mr. Quinlan's statement, it said that-----

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

Ciarán Lynch: All right, thank you very much, Deputy Higgins. I do have to move on. I just want to come back to an earlier aspect there of Deputy Higgins's questioning in regard to the NAMA and its approach. Could I ask you, Mr. Quinlan, in the pre-crisis period did you or management colleagues believe at any point that a property bubble was in the making or were you generally relying on the soft...

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

Ciarán Lynch: Okay. Did you commission any evidence or research that would support the soft landing theory and were you provided by any documentation or supporting evidence in that regard from any Irish agencies such as the Department of Finance or the Central Bank or anybody else?

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

Ciarán Lynch: Where was the assumption of a soft landing coming from?

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

Ciarán Lynch: Right, thank you. Senator O'Keeffe.

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

Ciarán Lynch: You're giving colour now, Mr. Quinlan-----

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

Ciarán Lynch: -----to Senator O'Keeffe.

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

Ciarán Lynch: So if we can stay on the evidence-----

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

Ciarán Lynch: -----if you don't mind, please. Okay. Thank you.

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

Ciarán Lynch: No, we'll facilitate ... like, if ... if ... if ... if answers are drifting-----

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

Ciarán Lynch: I have to allow the ... the questioner, but I do need to return to questioning here at some stage or another.

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

Ciarán Lynch: Mr. Quinlan, please.

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

Ciarán Lynch: Mr. Quinlan, you have the floor.

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

Ciarán Lynch: When did this happen, Mr. Quinlan? Can you just give us a timeline for this, please, if you don't mind?

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

Ciarán Lynch: When was the period of this?

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

Ciarán Lynch: Okay.

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

Ciarán Lynch: Okay. Thank you.

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

Ciarán Lynch: NAMA. Fair enough, and I-----

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

Ciarán Lynch: And that is in your opening statement.

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

Ciarán Lynch: Can I just return to ... it was a question there that Senator O'Keeffe raised with you ... and was covering that area with you, Mr. Quinlan, about describing the business case process and criteria that the Irish banks typically applied, if at all, to loan applications from Quinlan Private in the pre-crisis period. And I'm just looking at your property portfolio there during that period, and...

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