Results 3,921-3,940 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: -----difficulties, that this would run right through banks, and, in your own statement, saying that you were the senior official in the Department of Finance, assistant secretary, who had the responsibility for banking, finance and the international division of the Department of Finance, but you ... you were cognisant of it but you didn't have any lead role in that area. On examining that...

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

Ciarán Lynch: Okay. But did you not see that weakness at the time, given that you were cognisant of all these difficulties but you say you had no power to act upon them?

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

Ciarán Lynch: Yes, which you had given to in legislation in 2003.

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

Ciarán Lynch: Which ... or, sorry, not you, but which the Department of Finance, through the Minister-----

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

Ciarán Lynch: -----had given to those agencies. Like, they didn't appropriate them themselves, they were given by this House.

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

Ciarán Lynch: But falling out of fashion is distinctly different from not being available on the legislative framework. The legislation was still there to do something. It may not have been fashionable, but the legislation was still there to do something.

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

Ciarán Lynch: Okay, thank you very much, Mr. Beausang. I'm now proposing that we would take a short break. It's just coming up to ten to six and I propose that we will break until just maybe ten minutes after 6 p.m., punctually. With that said, I would now say that the witness ... that the witness ... that the witness is reminded that once he begins giving evidence, he should not confer with any person...

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

Ciarán Lynch: Ready to go, yes? Okay, with that said, I now propose that we go back into public session. Is that agreed? And if I can invite Deputy Kieran O'Donnell. Deputy, you've ten minutes.

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

Ciarán Lynch: Deputy, if I can draw your attention to the time, can I ask you to round this off, please, if you can?

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

Ciarán Lynch: Sorry, just ask the question. Don't mind the word "fairness", just ask the question.

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

Ciarán Lynch: Final question, Deputy.

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

Ciarán Lynch: The question has been made, Deputy. Don't be repeating.

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

Ciarán Lynch: Deputy, Deputy, no, please, I ...

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

Ciarán Lynch: Sorry, Deputy-----

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

Ciarán Lynch: Excuse me. Can you just ... if ... you're going into an area of repetition where asking a question two or three times over. Unless the question is a new question, I'm moving on.

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

Ciarán Lynch: Sorry, can I just put a bit of shape on this? Because we can all understand that the purpose of that meeting that night was to send a very clear signal to the market and it would be very, very understandable that that statement would be a work in draft right through the evening, so that as soon as the decision was made, it would be issued. I mean, we know that from other testimonies from...

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, so when you received a draft, were you told, "Work on this or hang onto this, we'll be back for the time for the revised version of it later", or were you told that "this is the shape of it and we might just finesse it later".? Like, in what context was it presented to you?

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. But the broad construction of that was laid out to you at 9 o'clock in the evening? That's when you had the first copy of it.