Results 3,961-3,980 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: 6 March 2007.

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

Ciarán Lynch: It's a note of a meeting between the Department of Finance and the Central Bank Financial Services Authority-----

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

Ciarán Lynch: -----re initiating a domestic standing group for crisis management, financial stability, and it's a meeting of 6 March 2007.

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

Ciarán Lynch: Okay, well what we'll do is go look at the other minutes of it and we'll see if that minute was overruled, or if different terms of reference was actually put in, but you would accept that that minute is correct for that meeting?

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

Ciarán Lynch: All right. I just want to go to one other thing. There's a document I referred to earlier before we went to the break, with regard to this Financial Stability Issues - Scoping Paper, and we established your relationship with that. I just want to go through just a few bits of that with you very briefly, okay? If I can move on to page 10 of it, and it's "3. Scenario 1 - An institution that...

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

Ciarán Lynch: Okay. So, how does that square with the comment on the end of page 15 that the main principle contained in these instructions is that a letter which expressly or by implication gives a guarantee or undertaking not already authorised by legislation, should not in any circumstances be issued? The CBFSAI's view is that a letter of comfort from the Minister to cover the subsequent risks would...

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

Ciarán Lynch: Okay. By your full analysis and with the benefit of all the information that has to come to light, were you in scenario 1 or scenario 2 that night?

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

Ciarán Lynch: Scenario 1 is an institution that is illiquid but insolvent and scenario 2 is an institution that is insolvent or approaching insolvency.

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

Ciarán Lynch: It's another-----

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

Ciarán Lynch: Okay, so I'll put the question to you again and amend it. By your full analysis, were you in scenario one, two or three that night?

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

Ciarán Lynch: Okay, thank you. All right, with that said, I'm going to bring matters to a conclusion. Is there anything further that you would like to add, Mr. Beausang?

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

Ciarán Lynch: With that said, I would like to thank you for your participation with the inquiry today, Mr. Beausang, and for your engagement with it. The witness is now excused and the meeting is now adjourned until 9:30am on Thursday, 25 June 2015. Is that agreed? Agreed.

Written Answers — Department of Health: Autism Support Services (18 Jun 2015)

Ciarán Lynch: 207. To ask the Minister for Health his plans to increase service provision so that children with a diagnosis of autism spectrum disorder will be provided with the full range of necessary services; if the money provided to service providers is provided for specific purposes; or if the service providers have discretion as to the way the allocated resources are expended; and if he will make a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Ciarán Lynch: As we have a quorum, the Committee of Inquiry into the Banking Crisis is now in public session. Is that agreed? Can I ask members and those in the public Gallery to ensure that their mobile devices are switched off. We begin today's session 1, public hearing, discussion with Mr. Kevin Cardiff, former Secretary General, Department of Finance, and in doing so, I would like to welcome...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Ciarán Lynch: Before I hear from the witness, I wish to advise the witness that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect to their evidence to this committee. If you are directed by the Chairman to cease giving evidence in relation to a particular matter and you continue to do so, you are entitled thereafter only to a qualified...

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Ciarán Lynch: So once again, welcome here this morning, Mr. Cardiff, and if I can invite you to make your opening remarks please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Ciarán Lynch: You're okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Ciarán Lynch: Can I interrupt there for a moment, Mr. Cardiff? It's not to be interrupting your statement and to let you complete in full, but just to remind members that the matters that you are relating to now we will be dealing with in the second session. Just in case somebody was saying this has been discussed this morning, why has it been picked up in question time? So please continue, Mr. Cardiff.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Ciarán Lynch: Please, no, you can continue.

Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)

Ciarán Lynch: Let me suggest keep to your time as well, Mr. Cardiff.