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

Ciarán Lynch: Yes, I'll give you time for it, that's fine.

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

Ciarán Lynch: All right.

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

Ciarán Lynch: Hold on a second and just allow ... continue please, Mr. Patterson.

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

Ciarán Lynch: I think we need to allow a bit of time. Only comment upon the questions, please Deputy? Okay.

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

Ciarán Lynch: I suggest you get on there with questioning there, Deputy, and pull back on making remarks.

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

Ciarán Lynch: I just ask you to move on actually, please, Mr. Patterson.

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

Ciarán Lynch: Drive on.

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

Ciarán Lynch: No, he won’t, that’ll be sectioned.

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

Ciarán Lynch: Give him time to respond, now, Deputy.

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

Ciarán Lynch: Fine, thank you, Deputy. I ... just before I bring in Deputy Doherty there, I just want to get some clarity on a couple of matters there with you, Mr. O'Reilly, or sorry, Mr. Patterson. One is just to come back to Deputy O'Donnell's earlier question there in regard to the appointment of staff and so forth. The question I have for you is: was performance monitored and assessed and by whom?

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: What ... what were the benchmarks of the targets or specific key performance indicators that would be looked at?

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

Ciarán Lynch: Okay.

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

Ciarán Lynch: Up to 2006 or that period, was there ever a senior Central Bank or regulatory position appointed that came from outside the public service?

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

Ciarán Lynch: Okay. So ... and that would be ... would you be fairly clear on that or that would be your assumption?

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: Okay. For the Financial Regulator's position, the CEO's position, can you recall how many people applied for that post and how many came from the public service?

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

Ciarán Lynch: And were they all private or public?

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

Ciarán Lynch: Mostly public-----

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

Ciarán Lynch: All right. And given what you said earlier, it was inevitable that the appointment was going to come from the public sector most likely.

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