Results 5,021-5,040 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: It's not a matter for this inquiry, matters of a criminal ... or criminal matter are a matter for the courts, Mr. Neary. They're not a matter for this inquiry. Deputy McGrath.

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

Ciarán Lynch: Thank you very much, Mr. Neary. I'm now proposing that we will suspend for lunch. However, I'd just like to remind the committee that we have a small private session to deal with as ... before we go to lunch, to deal with some matters to deal with hearings that are coming up in the coming weeks. So, with that said, I propose that we suspend the public session now and, in doing so, remind...

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

Ciarán Lynch: And the committee now is formally back in public session and can I ask members and those of the public Gallery to ensure that their mobile devices are switched off. In welcoming back, our witness today is Mr. Patrick Neary, former CEO of the Irish Financial Services Regulatory Authority. And, as I mentioned this morning, we were focusing on the period of Mr. Neary's tenure up to October...

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

Ciarán Lynch: To clarify, I will give you time, did you have a boss, Mr. Neary, or did you have a senior that you were accountable to or in the structure?

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

Ciarán Lynch: Mr. Neary, we had-----

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

Ciarán Lynch: Please allow Mr. Neary to respond.

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

Ciarán Lynch: I just want to clarify one other matter, because you mentioned it in your engagement with Deputy Doherty there, Mr. Neary, and that is your role and involvement with the domestic standing group. So it would be great if you could just clarify for us, were you a member of the domestic standing group?

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

Ciarán Lynch: Yes. Was he delegated with that responsibility, to be there on your behalf? So he was there on your behalf, or was he there as the actual member or the acting de factomember?

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

Ciarán Lynch: But on whose behalf was he attending?

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

Ciarán Lynch: It's not unusual for someone to delegate to a subordinate or a colleague that they would attend, but they are attending on behalf-----

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

Ciarán Lynch: And was he, so that's what I wanted, is the delegated responsibility of this, while Mr. Horan was attending, was that a delegated position to which you ultimately had responsibility for?

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

Ciarán Lynch: I'll give you plenty of time.

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

Ciarán Lynch: Yes, I can appreciate that, Mr. Neary, but, there are two capacities, or maybe many capacities, but let me just focus on two capacities to which somebody can attend a meeting. Somebody could attend a meeting in their entirety as the person who has ultimate responsibility and deals with all engagements of that meeting, and walks out the door with there being no overhang whatsoever; and there...

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

Ciarán Lynch: Which of those two options was Mr. Horan performing?

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

Ciarán Lynch: So he was there. So while the position may have been delegated or operated by Mr. Horan, that responsibility was delegated but then ultimately fell on you.

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

Ciarán Lynch: Okay. Thank you very much. Deputy John Paul Phelan.

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

Ciarán Lynch: Be careful to generalise.

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

Ciarán Lynch: Can you just stay with the documents ... just maybe ask, because we need to come back to it anyway, is can I maybe ask you your view on the deterioration in property values and how was this reflected in the stress test assessments carried out?

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

Ciarán Lynch: No relationship to your functions and duties, no? Property values?

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

Ciarán Lynch: Okay. Thank you. Deputy Phelan.