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

Ciarán Lynch: Mr. Beausang, I'm going to pull this back because you're going into a lot of process. The fundamental question here that Senator D'Arcy asked you is that there was a 30% year-on-year growth in the banks in this country. There was, by any modest examination, quite a significant growth in the banking sector in this country and is your testimony to this inquiry today that you and your...

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

Ciarán Lynch: Coming back to the question because I ... I'll just stop the clock a second there-----

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

Ciarán Lynch: -----because we could be around the house on this all afternoon. I put a question to you which summarises Senator D'Arcy's thing: were you and your Department aware of the levels of growth that was taking place in Irish banking during this period? You're in the position-----

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

Ciarán Lynch: -----you're the assistant secretary-----

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

Ciarán Lynch: -----for banking, finance and international division, the Department of Finance, from 2005 onwards. Are you aware of the growth that's taking place in the banks-----

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

Ciarán Lynch: -----during that time?

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

Ciarán Lynch: You had that information?

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

Ciarán Lynch: Okay, so back to Senator D'Arcy so and we can pursue this line of questioning, rather than going around the other issues.

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

Ciarán Lynch: Final question, Deputy, and then I'll bring in the wrap-up.

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

Ciarán Lynch: The e-mail mentioned during Mr. Cardiff's questioning ... I'll see if I can dig that out again.

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

Ciarán Lynch: Let's move on. We're going to bring you back in later on.

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

Ciarán Lynch: Very quickly, please.

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

Ciarán Lynch: Okay, thank you very much. Next questioner is Senator Susan O'Keeffe.

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

Ciarán Lynch: Now Senator, if you have them.

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

Ciarán Lynch: Okay, just give me the tab.

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

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

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

Ciarán Lynch: I'll be with you now, Deputy, in a moment, okay?

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

Ciarán Lynch: Was it a correct interpretation, Mr. Beausang?

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

Ciarán Lynch: All right, we may revisit this again, I just want to go over a couple of matters and them I'm going to propose that we take a bit of a break. I just want to bring one document up on screen there, Mr. Beausang, and it's just to establish the authorship of it. It's in the core document, it's on page 9 and it's coming up on the screen now with the headline "CONFIDENTIAL- Financial Stability...

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

Ciarán Lynch: Okay, so who is the principal author or who's the head of this document?

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