Results 2,781-2,800 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Okay, right. Senator O'Keeffe.

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

Ciarán Lynch: -----now Senator.

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

Ciarán Lynch: Finish up, Senator.

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

Ciarán Lynch: Mr. Quinlan, you had a business model that stemmed over a number of different borders and jurisdictions. As you've explained earlier, different lending criterias in Germany and also having operations in the UK and Ireland. Which of those jurisdictions was the most injurious to your business?

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

Ciarán Lynch: On that basis do you think that Ireland has a unique position in a property crash or do you still hold to the position that this was just part of something globally, given that it was the one injurious to you?

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

Ciarán Lynch: But if there's a global dilemma, there is a kind of a global average.

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

Ciarán Lynch: Was your impact in Ireland average of a global dilemma?

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

Ciarán Lynch: So, evidentially, how would you say that Ireland then was part of a global property crash when you, financially, were impacted more here, significantly, than any other jurisdiction?

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

Ciarán Lynch: Why?

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

Ciarán Lynch: Were they overpriced?

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

Ciarán Lynch: Was there anywhere else in the world where the difference between what the high end and low actually was?

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

Ciarán Lynch: Okay. And would that make Ireland unique in that regard?

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

Ciarán Lynch: Okay, thank you. I'm going to bring matters to a conclusion, Mr. Quinlan. I'd like to invite you to make any closing remarks or any further comments that you would so wish.

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

Ciarán Lynch: Okay. All right, with that said I'd like to thank Mr. Quinlan for his participation here today and for his engagement with the inquiry. The witness is now excused. And I propose that we would return at 3 p.m., if possible please, because we do have some other hearings to get through today, okay? Is that agreed? Agreed.

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

Ciarán Lynch: I now propose that we go back into a public session. Is that agreed? Agreed. So we commence this afternoon's session with Mr. Brendan McDonagh. It's our third public hearing today. Mr. McDonagh is a former director of finance, technology and risk at the National Treasury Management Agency. In resuming, I would like to welcome everybody back to the public hearings of the Joint Committee...

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

Ciarán Lynch: So once again, Mr. McDonagh, thank you for coming before the inquiry this afternoon and if I can invite you to make your opening remarks to the inquiry, please?

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

Ciarán Lynch: Thank you, Mr. McDonagh. I just want to deal with a couple of matters before I bring in the leads. Mr. Cowen, yesterday, in testimony, as we concluded yesterday's hearings, said he didn't know that members of the NTMA were actually in an ante room outside the room in which the guarantee was being discussed in Government Buildings. Is that your understanding, that the Taoiseach was not...

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

Ciarán Lynch: Okay. Then maybe you can just explain to us once more as to who called you and on whose behalf was that call made? And for what purpose were you brought to Government Buildings, to your understanding?

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

Ciarán Lynch: Okay. And did you or did any person in Anglo have a view or an understanding as to what was actually happening inside in the room that night prior to your arrival?

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

Ciarán Lynch: Okay. One of the issues that was being discussed inside in the room that night was the possibility of nationalising Anglo or making it inclusive as one of the banks in the broad guarantee. Did the NTMA have a view on the potential future of Anglo and whether it should be nationalised or not?