Results 3,741-3,760 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Thank you very much for your opening remarks, Mr. McCarthy, and if I can invite our first lead questioner this morning, Senator Sean Barrett. Senator, you have 15 minutes. Thank you very much, Chairman, and I welcome Mr. McCarthy. I echo the Chairman's welcome to you. You were just saying there the critical mass of economists, what's the number that you would put on that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Would you concur with Mr. FitzGerald's comments on the politicisation, Mr. McCarthy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Would you like to expand upon that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: And where were those instructions coming from? Sorry about that now.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Okay, within the public sector?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Within your Department. Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Okay, thanks.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Put your supplementary, Senator, and I'll bring you back in again.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Thank you very much. Deputy John Paul Phelan.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Mr. McCarthy, yes, go on.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Okay. Thank you very much, Deputy Phelan, and I'll bring you back in the wrap-up again. Just in regard to one matter you were discussing with Deputy Phelan there, Mr. McCarthy, and that was the changes that were made in some of the reports that we've discussed and they were the OECD report wording, "the housing boom is over" changed over to "the housing cycle has turned" and other changes...

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Okay. And has the tone of the revision or the input into those reports changed? Are you talking things up, talking things down or what is the sort of discourse and narrative that's being placed upon them now?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Okay. And on the issue of the modelling for a soft and hard landing, was there any worst-case scenario done in regard to the hard landing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Which is the 0.5% of unemployment?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: There was no ... was there any examination done in regard to ... as we learned subsequently from the Keane report and other issues with regard to the property market, it wasn't just losing employment that put stresses on people's ability to pay for their homes, drops in income, overtime and so forth, which is reflected in the 2009 Central Bank report, when the rules for getting a mortgage...

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: No, the Department ... even though the Department of Finance was talking about soft and hard landings, it had no research of its own in this regard?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Ciarán Lynch: No, but on the hard landing, on the soft and hard landing theory, was there research carried out by the Department of Finance on the hard landing theory?