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

Ciarán Lynch: Let me see. What document are you talking about there-----

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

Ciarán Lynch: If you don't know the origin of it, I wouldn't ask you to speculate on it, Mr. Cardiff.

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

Ciarán Lynch: Okay, so two minutes there now, Senator.

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

Ciarán Lynch: Okay. Thank you very much. Senator Kieran O'Donnell. Sorry, my apologies, Deputy Kieran O'Donnell.

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

Ciarán Lynch: Phone interference.

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

Ciarán Lynch: That's your final question. Thank you very much, Deputy. Mr. Cardiff to reply.

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

Ciarán Lynch: Thank you very much, Mr. Cardiff. I just want to tidy up one matter, if you can deal with it promptly, and then we'll take a short break. In describing the principal reasons why the NAMA option was chosen over the only other realistic alternative of an insurance scheme, given especially the scale, complexity and relatively untested nature of the NAMA option - this relates to an engagement...

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

Ciarán Lynch: Thank you very much. With that said, Mr. Cardiff, I now propose that we take a short recess. In doing so, I would like to just remind the witness that once he starts to give evidence to the committee, you should not confer with any other person other than his legal team in relation to his evidence and matters that are being discussed before this committee. With that in mind, and bear in...

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

Ciarán Lynch: So with members' agreement I now propose we go back into public session. Is that agreed? Agreed. And commence immediately with Deputy John Paul Phelan. Deputy, you've ten minutes.

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

Ciarán Lynch: Thank you very much, Deputy Phelan. Deputy Joe Higgins.

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

Ciarán Lynch: Rather than going into the judgments on the company, if you could maybe just throw the question at Mr. Cardiff, please, Deputy Higgins. Go on, I'll let you continue but just be mindful of making any narrative on it, okay. Just state the facts.

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

Ciarán Lynch: A very short supplementary, now, Deputy. A very short supplementary.

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

Ciarán Lynch: Quickly now, Deputy. Come on, quickly, quickly.

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

Ciarán Lynch: You will indeed.

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

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

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

Ciarán Lynch: Final question, Deputy. Thank you.

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

Ciarán Lynch: I'm not going to open up a new line now.

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

Ciarán Lynch: We'll take Mr. Cardiff, and then I'm going on to Senator O'Keeffe.

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

Ciarán Lynch: Thank you. Senator Susan O'Keeffe.

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

Ciarán Lynch: Sure. I'm just mindful, as well, that you may not have seen Mr. Beausang's-----

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