Results 4,961-4,980 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: The question has been made, Senator, so don't get overly prescriptive on it and it is made clear to Mr. Neary, now.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Senator, the question was made and you are over time and it's very, very clear what's being asked of Mr. Neary, so if I can .... talk us through some of the errors.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Okay, Senator, you're back in again this afternoon.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: At the time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Allow Mr. Neary to respond.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Can I ask you one question before I move this on to the next questioner, Mr. Neary. At any time was your office or the Central Bank's office concerned about these levels of concentrations ... were they a matter of concern for you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Did those concerns ever find their way into the financial stability reports, or were they ever considered in the context of putting together the financial stability reports?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Okay, so, first question on that. Can you ... could you comment on where the accountability for instigating enforcement action lay for actions taken from the financial stability reports?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: I'll repeat it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Could you comment on where the accountability for instigating enforcement action lay for actions taken from the financial stability report?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Where is the accountability for instigating those actions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: So the concerns that Deputy Doherty were talking about, they were ... there was a cognisance of them in the financial stability reports, yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: And, therefore, the financial stability reports could have recommended an action or an enforcement or a protocol or a legislative change, even, in this regard. And are we correct in hearing you this morning that it made no recommendation, suggestion, proposal or such-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: -----in that regard to those concentrations.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Okay. Whose desk does that eventually come back to? You or the Governor's?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Okay. Was it a matter of financial stability?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Okay. Was it also a matter of going into each and every individual bank and, in this case, one specific bank that had massive loan concentrations and saying ''We need an action to ensure that this is pulled back and that it doesn't develop in other financial institutions as well''? Because we saw in other reports and evidence presented in this inquiry that while the concentration levels may...

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Okay, look, the information of large borrower concentration loans was known to the single ... the singe supervisory teams for single banks, yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Ciarán Lynch: Okay. But an analysis or an addition of all loans to specific large borrowers across different banks was apparently not done.