Results 3,601-3,620 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Excuse me. Mr. McCreevy ... Mr. McCreevy-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Sorry, Mr. McCreevy, please. Please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: I don't want to be directing you again. And I've said to you on a couple of occasions, I just said it a moment ago, and ... just stop the clock ... I'll afford you as much time at the end of this session today to say whatever you wish. And if you believe that there's outstanding stuff and all the rest of it-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: -----but when you're making your comments, I do appreciate ... and you've done it with ... right up to now, that you get your comments directed to the Chair, and it's not an engagement to be having discussion ... you're more than welcome to do that when the ... when this hearing is over, to catch up with people and talk to them if you so wish and have a discussion with any member that you'd...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: A wrap up question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Deputy Murphy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Okay? Thank you, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Mr. McCreevy, I'm going to bring things to a conclusion now. But as I said earlier, and with all witnesses, the purpose of this inquiry is not just to go back into the past and to see what happened and to give the fullest picture to the Irish public in terms of the full story as to the financial crisis and the aftermath that this country faced, but also an opportunity to draw lessons from...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: Yes. Okay. So do you want to close on that statement, so-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Ciarán Lynch: -----Mr. MacSharry. Okay ... Mr. McCreevy. Okay, with that said, I'm going to bring concludings to a conclusion. I'd like to thank Mr. McCreevy for his participation today and for his engagement with the inquiry. The witness is now excused and I propose to adjourn the meeting until 9.30 a.m. tomorrow morning, 2 July 2015. Is that agreed? Agreed. Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Ciarán Lynch: As we have a quorum, the Committee of the Inquiry into the Banking Crisis is now in public session. And can I ask members and those in the public Gallery to ensure that their mobile devices are switched off. Session 1 of today's hearings is a discussion with Professor Patrick Honohan, Governor of the Central Bank of Ireland. In that regard, I would like to welcome everyone to the public...

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Ciarán Lynch: Before hearing from the witness, I wish to advise the witness that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to this committee. If you're directed by the Chairman to cease giving evidence in relation to a particular matter and you continue to do so, you are entitled thereafter only to a qualified...

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Ciarán Lynch: Governor, thank you for our opening remarks. We'll get questioning on the way, and if I ... in doing so, can I invite Deputy Pearse Doherty. Deputy, you have 25 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Ciarán Lynch: Thank you very much, Deputy. Thank you, Professor Honohan. Deputy Eoghan Murphy, 25 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Ciarán Lynch: Last question, Deputy, very last question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Ciarán Lynch: Thank you very much. I'll just deal with a couple of matters and then I'll bring in the other questioners, Governor. Governor, I just want to look at the 2009 period when you came in and what measures were maybe brought in to tighten up the system or to toughen up the regulatory regime. And if I could ask you, what changes did you implement in 2009 to ensure the appropriate supervisory or...

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Ciarán Lynch: And, can I ask you how you would assess the adequacy of the assessment and communication of both solvency and liquidity risks in the banking institutions at ... back then, and the sector today, comparable what was in place pre-crisis?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Ciarán Lynch: Would you consider that to be the dominant legacy issue and a priority issue as of now?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Ciarán Lynch: I want to go back to the Honohan report for a moment there, Governor, and in the report it's evidence book, Vol. 3, page 69. You stated in the Honohan report: The division of responsibilities between the Governor, the CBFSAI and IFSRA was novel and contained the hazard of ambiguous lines of responsibility especially in the event of a systemic crisis. However a number of provisions helped...

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Ciarán Lynch: I'll go back to my earlier question there when I asked you about what changes did you implement in 2009. There's a fair bit of reading there, Governor. There's bullet point after bullet point after bullet point of changes that you made and I'm not going to go through them one by one. Were all of those changes there within the existing legislation during Mr. Neary and Mr. Hurley's tenure?