Results 2,901-2,920 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Finance Committee or this inquiry, this committee?

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: Yes, indeed, yes.

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

Ciarán Lynch: Okay, just proceed for the moment and we'll observe, and continue, Mr. Somers.

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

Ciarán Lynch: You're way over time. You have to make it quick. Ask a question.

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

Ciarán Lynch: Thank you very much. Deputy O'Donnell, last questioner, and then we will move to wrap up.

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

Ciarán Lynch: Initial question asked first, Deputy, and then we will move on to that, okay. The initial question as to the rationale as to why you had them appointed.

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

Ciarán Lynch: Final question, Deputy.

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

Ciarán Lynch: Okay now, I have to close you down, please. Keep it short now ... and not an analysis.

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

Ciarán Lynch: Okay. Deputy McGrath and then I'll just close-----

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

Ciarán Lynch: Thank you, Dr. Somers. I just want to wrap up a couple of things. Dr. Somers, in or around 2007 ... you're a bit like myself, I'm not great on names and dates; I just remember the general picture. But in 2007, the summer of then, the NTMA took an €8 million investment in Bank of Ireland bonds and I think it started to invest other bonds in the Irish market at that time. Would you...

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

Ciarán Lynch: I don't have the figure here, so I'm just ... I'm-----

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

Ciarán Lynch: If there was a burning of bondholders, how much would the NTMA have potentially been burnt for?

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

Ciarán Lynch: In NTMA bonds-----

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

Ciarán Lynch: -----that the ... or the bonds that the NTMA had in Irish banks.

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

Ciarán Lynch: Okay. Very final thing, Mr. Somers, you were actually at the IIEA event in Kilmainham when Mr. Trichet was actually there. In an earlier question there, you were painting a picture that you believe a bailout programme was inevitable by 2007. Am I correct in hearing you say that, that a bailout programme, not a guarantee now but a bailout programme that we were on track-----

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

Ciarán Lynch: Okay, I just wanted to clarify that because ... yes.

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

Ciarán Lynch: All right. Okay. So what were you saying in 2007, so? You were saying that there was something there in 2007 or that the banks were-----

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: I just wanted to clarify that.