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Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: And it just brings me to a final question now before I move onto the other questioners. At the very end of that paragraph, this is the response that you give to your request: To me, at its most benign, this indicated a disconnect between the [banking supervisory ... supervision division ... or department] and senior IFSRA executives which, in practice, banks used to their advantage. I...

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: And does that imply-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: And does that imply a disconnect in the structure that there was a two-tier structure ... or that there was a disconnect-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Okay, thank you very much. Senator D'Arcy. Senator, you have six minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: To Ms Burke now Senator to make time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Governor Hurley was referencing the correspondence that came from Professor Honohan which had earlier said that it was theoretical, or it could have been interpreted as theoretical. Okay. Ms Burke.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Thank you very much, Senator. Deputy Doherty ten minutes - or six minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: The question was made. Ms Burke.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Thank you very much. Just as a supervisor, Ms Burke, do you have any view on the quality of the Central Bank's stress tests, as to their quality?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: I'm on a big one myself.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: And having completed a very, very steep learning curve, do you now have a view on the quality of those stress tests?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Well ... even on reflection now ... how would you view them?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Okay. Thank you very much. Deputy Eoghan Murphy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Two minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Thank you very much, Deputy. Deputy Joe Higgins.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Just ask a question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Yes, I know. I'm just restating.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Last question, Deputy Higgins, quickly.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Ciarán Lynch: Sorry, Deputy, I'm going to have to move on.

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