Results 3,801-3,820 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Final question, Senator.

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

Ciarán Lynch: You are arguing, you need to ask a question.

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

Ciarán Lynch: Okay, thank you. I'm going to move towards wrapping up. And just to deal with two matters before I invite Senator Barrett and Deputy Phelan to close themselves, if I maybe could ask you that in the past then - this is coming from our earlier discussions of this morning, Mr. McCarthy - a major problem was that there was no banking or financial experts working in the economic division. Has...

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

Ciarán Lynch: Okay. And just on the broader issue of groupthink, which was mentioned earlier and you mentioned it yourself and the mentality that goes with it - specifically in your response to Deputy Phelan's question, how is it now ensured today that no groupthinking culture can take hold again in the economics division? If you move people out of silos and move them into a broader sphere, you can still...

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

Ciarán Lynch: Okay. And, finally, just in reference to Senator O'Keeffe's earlier question on quantifying the effects from soft landings on Government finances - and just maybe to expand upon that - that apart from the general impact on GDP and the impact on Government surplus/deficit, were there also concrete and specific estimates made on changes in the amounts of stamp duty, capital gains taxes and...

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: If those measures were included in the modelling, would it have given you a different type of approach or a different type of finding?

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

Ciarán Lynch: More accurate?

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

Ciarán Lynch: Okay. Thank you. Senator Barrett, three minutes.

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

Ciarán Lynch: I need the questions and answers wrapped up in the three minutes now. So, Mr. McCarthy?

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

Ciarán Lynch: Okay, thank you very much.

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

Ciarán Lynch: Thank you. Deputy Phelan.

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

Ciarán Lynch: Are you making a statement now, Deputy, or are you asking a question?

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

Ciarán Lynch: That's your question. Mr. McCarthy, can you respond to that please and we'll move to wrap things up then?

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

Ciarán Lynch: Sorry, Deputy, I must stop you there now. No more questioning.

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

Ciarán Lynch: Thank you very much. Okay, Mr. McCarthy, I am going to bring things to a conclusion. Is there anything else you would like to further add to this morning's proceedings before I close?

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

Ciarán Lynch: Okay, with that said I'd like to thank Mr. McCarthy for his participation today and for his engagement with the inquiry. The witness is now formally excused and I propose that we suspend until 11.30 a.m., at which time we will recommence our engagement with Mr. Cardiff. Is that agreed? Agreed.

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

Ciarán Lynch: Okay, so we will now commence with session 2, public hearing discussion with Mr. Kevin Cardiff, former Secretary General, Department of Finance. The Committee of Inquiry into the Banking Crisis is now resuming in public session, and can I ask members and those in the public Gallery to ensure that their mobile devices are switched off. Today we continue our hearings with the senior...

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

Ciarán Lynch: Once again, Mr. Cardiff, welcome back before the committee today. As you have already made your opening statement in your last appearance before the inquiry, we will proceed directly to questions. However, there is just one or two issues that I would like to address first before we go into the formal questioning. Mr. Cardiff, on pages 235 to 243 of your composite statement, you include...

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

Ciarán Lynch: Okay, thank you. And just on another matter related to your statement, you say that on the night of the guarantee, you do not recall any suggestion from any of the official parties at any stage that undated, unsubordinated debt, should ... would be recovered by the guarantee. However, you refer also to a previous meeting on 26 September at which some of the Merrill Lynch team had felt that...