Results 4,561-4,580 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: But the ... okay but the .... traditionally that would have been the appointment-----

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

Ciarán Lynch: -----so it would be consistent with that. Thank you. Deputy Doherty.

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

Ciarán Lynch: It's on the screen in front of you.

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

Ciarán Lynch: I'll bring you back in at the end but I'd like you to answer that as best you can, Mr. Patterson.

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

Ciarán Lynch: Okay, can I maybe reframe that question before I move on to Deputy Phelan. The proposition being put forward by Deputy Doherty, and this committee, is that the information was available then. You're stating, Mr. Patterson, that you may not have been intimately informed of it but are you disputing the proposition that the information was in the ether at the time? It's not something that...

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: Okay. Who had it?

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: Okay. Okay, but earlier in your testimony this afternoon, Mr. Patterson, you made reference to the Central Bank board having discussions on ... with regard to the property growth and so forth but that this did not come up on the IFSRA ... the ... the ... your own board. But there were so many common directors as we know, sure you were all meeting in one manifestation or another on the...

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

Ciarán Lynch: Yes, but is it not like kind of two hands of the one being, that to lift something it requires both. I will bring in Deputy Phelan after this-----

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

Ciarán Lynch: -----because in your earlier statement today, you talk about the powers and you speak about 100% mortgages and not having the powers to approve or disapprove a product. Now, the purpose of the entity that was created in 2003 for better or for worse was to cover a whole load of areas and put structures in place where they would interface with one another. So if you were not empowered at one...

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

Ciarán Lynch: Deputy Phelan and then we'll break.

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

Ciarán Lynch: Okay, questions have been made and just before I go to the break, I just want to finish some lines of questioning that have been dealt with you, Mr. Patterson. The first one there is that you mentioned at the time of your appointment, you had a conversation with a Secretary General. Which Secretary General was that?

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

Ciarán Lynch: Okay, thank you very much. And in regard to your own appointment and the, sort of, performance monitoring, or key performance indicators or that, what goals were you given and how were they monitored?

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

Ciarán Lynch: Would that be described as self-regulating?

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, all right. And just on one issue with Deputy Doherty's question there, when you were asked were severe punitive actions ever proposed for breach of lending policies within the banks or breaches for sectoral risk limits, you said they weren't; is that correct?

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

Ciarán Lynch: When you were asked about severe ... was there ever severe punitive action ever proposed for breach of lending policies within banks or for breaches of sectoral risk limits, your response to that was, "That ... that never happened".

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

Ciarán Lynch: Okay. Were they ever discussed?

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

Ciarán Lynch: Okay, but was the issue ever discussed, that we might have sanctions?