Results 2,981-3,000 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Have you seen it before today?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Okay, when did you see it first?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Okay, and if I can maybe just familiarise other people with the document if I go through it. So the earliest point that you reckon was in around January 2008 on the document? All right. Was the document effectively a policy paper for managing crises in the financial sector and did it facilitate any discussions in and around the 2008 period? I'll get to later in the year afterwards - so...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: All right, I just-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: -----I will just familiarise with the document again, at the end of paragraph 1 in the last ... basically what it says, the paper examines ... the paper examines these issues by reference to two key scenarios: a financial institution that is solvent but is experiencing liquidity problems and an institution that is insolvent or heading towards insolvency. It then goes on in paragraph 2 to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: All of which were solvent.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Okay. And option 3, which seems to have, which seems to be the very, very smallest part of the document, was option 3 on the paper when you were provided it in January or was that added later?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Scenario 3, "Unclear whether institution is illiquid or insolvent". Was scenario 3 discussed earlier in the year, in January 2008, or was that an option that was added in further in the discussions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: All right, thank you. Senator Sean Barrett.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: We're drifting into this afternoon, I don't want to get distracted there, so if we can maybe come back again, Senator, to this morning, and we'll deal with the afternoon session matters this afternoon, which is bringing us into the bailout side of things. A small amount of flexibility here, for sure, but we won't be dealing with-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Thank you very much. The next questioner is ... Deputy John Paul Phelan.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: One more and then we're wrapping up. I'm going to propose that we take a three-minute break there, please, to suspend and everyone will be happy with that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: And, in resuming, if I can call on Deputy John Paul Phelan, please. Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: You can ask that question. You're grand.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Time-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: It's in the documents is it, Deputy, is it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Sorry. Okay, the next page.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: You can only analyse that to a certain extent.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Final question, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Ciarán Lynch: Deputy, I'm going to push you on a question now because we're running out of time.