Results 3,941-3,960 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: All right, thank you. Senator Sean Barrett.

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

Ciarán Lynch: I think it's leading now, Deputy, just ask the question rather than-----

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

Ciarán Lynch: I'd tone down the rhetoric there now and the speechifying and ask a question, okay?

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

Ciarán Lynch: Mr. Beausang, that wasn't the question you were asked. The question was about the Department of Finance and its role in regard to making interventions and being custodians in public purse. The deputy governor of the Central Bank made a speech in 2012 but that's not relevant to the question that the Senator asked you.

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

Ciarán Lynch: Okay, thank you. Deputy Joe Higgins. Deputy, ten minutes.

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

Ciarán Lynch: Don't be moving to a conclusion, maybe just ask the question, Deputy.

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

Ciarán Lynch: Final question now, Deputy.

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

Ciarán Lynch: I'll be breathtaking here if I get value judgments being made.

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: -----you have a very good question here-----

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

Ciarán Lynch: -----if you can avoid the rhetoric and-----

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

Ciarán Lynch: Can we just leave that document on the board because ... 5.11 on the page and 5.12 on the page. 5.11 relates to the credit union movement as the "most significant prudential risk to financial stability during the relevant period". But I'm just interested in the process of that for a moment, Mr. Beausang. What it says is that issues were brought to the table by the IFSRA, such as concerns....

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

Ciarán Lynch: Yes, but Mr. Beausang, earlier in your statement, in 5.9 you talk about being, "cognisant of a broad range of factors which appeared to provide substantial assurance over the period that the supervisory and prudential system was operating effectively." And then you go on to 5.9.1, right down as far as 5.12, this is the area of cognisance that you actually have. You also are on record here...

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

Ciarán Lynch: I put the question to you again, Mr. Beausang, as I did earlier. You are the assistant secretary with the responsibility for specifically, like, your role was to deal with banking, finance and international division of the Department of Finance. You were also the point man for the Department on the domestic standing group. Like the domestic standing group was not set up as a ... just...

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

Ciarán Lynch: But can I just ... by your own statement, Mr. Beausang, that it's ... in your witness statement, page 8: In August 2007, shortly after its formal establishment, the chief role of the DSG, [the domestic standing group,] became to ensure that the [Department of Finance], [the] Minister and Government were fully advised on an ongoing basis of relevant developments impacting [upon] the banking...

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

Ciarán Lynch: All right. Thank you. Deputy John Paul Phelan.

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

Ciarán Lynch: Stop the clock. Okay, ready to go.

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

Ciarán Lynch: Okay, I'm going to move to wrapping things up. First up is Senator MacSharry. Senator.

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

Ciarán Lynch: Thank you. Senator D'Arcy?

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

Ciarán Lynch: Thank you. I just have two things to wrap up, Mr. Beausang, and we're done. One is, there's a document going to come up in front of you there, it's the minutes of the very first meeting of the domestic standing group, and if you look at minute one, "Role of the DSG", midway down the paragraph, it says, "The DSG will operate at a macro level overseeing the financial stability environment...