Results 2,861-2,880 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Okay. Senator Michael D'Arcy. Senator, 25 minutes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: What period was that Mr. Somers when you were-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: You know 3%, an individual in the state-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: -----had debts to the size of 3% of our GDP?.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Was this advice to the Taoiseach?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: The Minister of Finance. When? Which Minister for Finance?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Okay, thank you. Fine.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: No, if you feel comfortable there, I know there are Central Bank rules on shareholders, but I think you're okay for the moment, Mr. Somers.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: I'll have to come in on that now because we could have a run on AIB in a moment if I let you continue anymore.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: It's okay. So, Senator D'Arcy.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Thank you very much Senator. If I can maybe deal with one question myself there Mr. Somers, or Dr. Somers before we move on ... and this comes back to your witness statement there where under the C3(c) heading, the "Effectiveness of reviews of banks’ loans books and capital adequacy", and you give a very strong line there when you said that when you saw the PwC review of the banks'...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: And would that individual be the type of person you described a while ago who had 3% of borrowings to the size of GNP ... that's the type of loan you're talking about?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: What bank was that by the way?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: And that person that had the 3%, what financial institution was that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Cross-securitisation, is that what you're suggesting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Moving that point on, Dr. Somers, was the NTMA involved in any loan book and capital adequacy reviews of the PwC report's output?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: And did you have an opinion or did you agree or disagree with the course of action taken by the Government and what action did the NTMA take themselves in that regard?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: And to come back to my earlier question, would the NTMA have taken other actions if the Minister had given it an appropriate mandate in that area?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: In terms of what I was saying about the PwC reports and then the subsequent Government action taken in that regard.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Ciarán Lynch: Yes.