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Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Okay. Thank you very much, Deputy. Deputy Higgins, and we'll-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Thank you very much, Deputy. I now propose that we take a break for lunch. It's coming up to 14.40. I propose we break until 15.40 and returning maybe 15.40-15.45. In that regard, can I now excuse the witness. We just need to have a brief private session ourselves, just to deal with one notification matter, and we can return. So, in doing so, the witness is reminded that once he begins...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: With members present and with Mr. Cowen present also, can I propose that we go back into public session for the afternoon? And in doing so, announce that the Committee of Inquiry into the Banking Crisis is now resuming in public session and can I ask those members and people, visitors in the public Gallery, to ensure that their mobile devices are switched off? So welcome back. Our witness...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Thank you, Deputy McGrath. Deputy John Paul Phelan, 25 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: The question is made. Mr. Cowen?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Can you give me the reference numbers again there, Deputy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Okay. Thank you very much. Senator Marc MacSharry. Ten minutes, please, Senator

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Matters of the Cabinet are covered by Cabinet confidentiality and even if you wanted to co-operate, I couldn't allow you to commit an offence, Mr. Cowen. But you could talk about general ... sometimes a discussion happens in Cabinet and people drift out to the corridor and they continue talking, you can certainly talk about those things.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Thank you very much, Deputy Pearse Doherty.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Mr. Cowen, now may not have seen these, Deputy, so I'll give a bit of latitude actually on this. It's coming up on the screen.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Number there, Deputy, please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Just be mindful now, Deputy, I just need to give you a context - why are you introducing this before we go into discussing it? What's the ground? I just have to clarify.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: There, Deputy, just-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Final question now, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Pay attention, now, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Perfect, thank you very much. Mr. Cowen, I just want to take one line of questioning with myself and then I propose that we take a short suspension. Mr. Cowen, the Department of Finance received many economic forecasting reports from external sources like the ESRI, Central Bank, IMF, OECD and, in turn, the Department prepared briefing notes and in some cases, speaking notes for you. So, an...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: Okay, if I can just move on to- it's the CIF core document there, Vol. 1 and it's just the table of contents. We are not going to be going into any documents there, if I can just get it up on board. I know that, but it's ... and it's not to spring ... it's just to give a kind of mood music to statements that were happening at the time and if you move down there you'll see Dr. Alan Ahearne's...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: What I'm trying to substantiate, because as we said earlier, you'd get all these briefing notes, and I would have got them as chair of the finance committee, I might be travelling to a Presidency ... and you get ... but there would be a core document that would come from somewhere behind it. And, as you said, you got these briefing documents for Leaders' Questions, visitations, but you were...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Ciarán Lynch: We have, and they haven't been able to come back to us. Maybe you can help us?

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