Results 4,481-4,500 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: And that was coming from where?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Coming from the Central Bank or coming from Government or from finance? Where was that feeling coming from?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Okay. Right, thank you. Deputy Doherty, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Or from the Department of Finance or the domestic standing group?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Sorry, Deputy. I will invite you to ask a question and we will see how it goes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: All right. Thank you very much. Okay so, are now going to break, I propose we will break... It is coming up to 11.10 a.m. so we can break until 11.25 a.m. if that is agreeable, please, with members. With that said, I would like to remind the witness that whilst we break you are still under oath and that any engagement must be dealt with in that regard. So with the agreement so, I propose...

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: I now propose that we go back into public session. Is that agreed? Agreed. And in doing so, I'd invite Senator MacSharry. Senator, you have ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Thank you, Senator. Just in addition there to Senator MacSharry's question with regard to your request for additional staffing and resources, could I invite you, Mr. O'Reilly, to maybe comment upon the statement that Mr. Hurley gave that no request for staff was refused in a testimony here earlier and also to Mary Burke's statement that her department was under- resourced and request for...

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Okay, thank you. Right. Deputy Michael McGrath.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Okay, thank you very much. Just before we go onto Deputy Murphy, maybe just put one question to you, Mr. O'Reilly. You are familiar with Mr. Neary's testimony?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Okay. And in that regard, would you say that your approach during your tenure to a principles-based regulation, both in terms of interpretation and application, were similar or differed from the approach taken by Mr. Neary during his tenure?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: So it would've been a continued ... continuity of the same approach, same model, both in Mr. Neary's term and yours?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: And, earlier this morning, when you were talking about your tenure coming to an end at 1 January 2006, you were of the view that the factors related to the crisis were embedded at that stage. Were you restricted in taking any actions in your tenure?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Okay, thank you. Deputy Eoghan Murphy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: It'll have to be supplementary now.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Okay. Thank you very much Mr. O'Reilly. I just want to deal with a couple of matters there and one is in relation to loan-deposit ratios. The targets now are in and around 120% and lower. Why was this not a target during the 2002 - 2008 period, when it reached as high as 176% in Bank of Ireland and you think the level of loan-deposit ratios in the various institutions was appropriate...

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Okay. Thank you. And can I also ask you with regard to the increased reliance on wholesale funding from 2003 onwards to finance growth in the various known portfolios was significant, were you aware of the issues and did you regard this as a fundamental risk?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Okay. And on the liquidity issue, Mr. O'Reilly, what was the IFSRA's role in analysing and overseeing the liquidity and solvency risk of the banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: Deputy Kieran O'Donnell.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Ciarán Lynch: What's the page number there, please, Deputy?