Results 4,061-4,080 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Deputy-----

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

Ciarán Lynch: Okay, be mindful there, because we don't have, actually, a specific reference to the transcript there either. I just need to come back to one matter that needed to be picked up there. It's ... and it's on a different vein altogether.

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

Ciarán Lynch: Yes. Yes, I know that, but I ... we could get ... very much ... and the guarantee is important, but there are other matters here that have to be carried ... dealt with, other than the guarantee. So, if I can come back-----

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

Ciarán Lynch: Yes. If the situation ... there is a crisis stimulation exercise in the Department ... Department of Finance and the Central Bank and the Financial Regulator. This was conducted in 2007 on a bank failure. You modelled it out, yes? Do you recall that?

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

Ciarán Lynch: Yes, yes, okay. The ... just, where ... was ... was that model-----

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

Ciarán Lynch: Yes, sorry, excuse me, I know ... I make that ... or in Sweden at the moment, with the stimulator, trying to put things together. Was the model, ultimately ... how would you ... how would you describe it ... seen as being inappropriate and not required for the type of crisis that was gonna come down the line?

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: All right, okay. Thank you. We'll move on. Senator Sean Barrett.

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

Ciarán Lynch: Thank you. Deputy, or sorry, Senator Michael D'Arcy, please. Senator.

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

Ciarán Lynch: I need to make a clarification here, okay? And this goes right back to the earlier days of the inquiry, but I'll just stop the clock there, just to make this very clear because it's important, as we engage in the process of public servants and politicians. Public servants are responsible for providing advices, for giving the widest context, for giving information and for ensuring that...

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

Ciarán Lynch: I'll put the clock back on again now in a second, yes.

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

Ciarán Lynch: Okay, go on.

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

Ciarán Lynch: Are you going back into questioning? If you're talking to me now, I'll stop the clock.

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

Ciarán Lynch: If you're talking to Mr. Cardiff, we'll restart the clock.

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

Ciarán Lynch: Oh, sure.

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

Ciarán Lynch: But just to be very, very clear with you, it's not a situation that a politician-----

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

Ciarán Lynch: -----is in a sort of symbiotic relationship with a public servant and ... or a line management situation and overrules-----

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

Ciarán Lynch: The decision is political, the advice is the public servant; okay?

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

Ciarán Lynch: Start the clock. Thank you.

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

Ciarán Lynch: And you wouldn't have been informed of this and it's not in the core documents either, Mr. Cardiff, even though it's a very big core document.