Results 4,761-4,780 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: Okay. So in that regard can you remember any CBFSAI board discussions, or discussions between your department and the senior management of the CBFSAI on the rather positive message conveyed in the 2007 financial services ... the stability report, the financial-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: And you would have been part of putting together that report in-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: For clarity purposes, the 2007 report is a reflection of what's happening in 2006?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: We'll come on to that in a moment.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: But I just want to stay with a particular area with you, and I'm very grateful if you want to expand again later on, Mr. O'Connell. But Professor Honohan called this report and the message that was invoked in it "a triumph of hope over reality". It's in the Honohan report, section 6.45. Would you care to comment upon that observation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: Under questioning two weeks ago, when Patrick Neary was in, on putting together the report and how the tone was set in it, and everything else, I put a number of propositions to him that late 2006, a discussion about the future of stamp duty had come on the table. I think it was the ... Michael McDowell, sometime in or around early September 2006, made a comment about it, the housing market...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: Just returning back to that report, Professor ... or, sorry, yes, Patrick Neary was also on record as saying that the tone of the financial stability report for 2007 was very much set by the Governor and the board, that that ... the final narrative in that regard. I'd like to focus upon your specific role, however, and in your statement you state ... and this is in general activity in the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: I'll ... I'll give you two examples there. It'll come up on the screen at the moment, you say, "when around 2005, ... Alan Barrett had expressed a view in an ESRI Quarterly Economic Commentary that the banks were in a rather fragile state, I was instructed to request the Director of the ESRI to ensure that such comments were not published in future". You then go on say, "In the 2007...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: But what was the rationale for ... can you explain just the rationale as to why ...whether you call this a censorship or an editorial position or trying to create a particular narrative on something, what was the rationale underpinning all this?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: To come back to the question I'm asking you, you say you were instructed to request a director of the ESRI to ensure that such comments were not published in future, and then you say "a deliberate decision was taken to delete the conclusions of a research study updating the extent of the overvaluation of Irish property prices". Now-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: Did you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: Did you actually carry out those actions? You instructed------
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: No, but you said that you were instructed to request a director of the ESRI to ensure that such comments were not published.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: You carried out that action?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: And what was the nature of the discussions between you and the authors of this content?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: What was the nature of the discussions between you and the authors of this content? Both the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: I'm going to return to this again, Mr. O'Connell but I just need to wrap this up. Would these be considered contrarian views?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: These two articles, in terms of one, the request to remove one, and the other one - a deletion, would they have been considered accurate, contrarian, general-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Ciarán Lynch: Realistic.