Results 5,481-5,500 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Okay, all right. And I'll afford two or three minutes when we come back at the end. Could I just deal with one thing before we do go for a break, so, Mr. Hurley? And it is ... and this can allow, maybe, the secretariat, who are monitoring proceedings as well, to get a copy of that letter to you so you can re-familiarise yourself with it during the break. When Professor Honohan was...

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: It's part of the witness book and it's part of the evidence and it's being displayed as we are ... but I understand that a copy of that letter was furnished to you as well. So, to familiarise ... you are to read that---

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: You are familiar with that letter.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: So, if we take it down then to the second paragraph. I'll go through the four specific actions that the Governor - Governor Honohan - came back ... because I remember quite specifically at the time he asked for further time to give consideration to this because he wanted to answer this as accurately as possible and, therefore, was afforded the opportunity to write back to the committee so he...

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: I'm going to summarise myself now. I ... we can go in and debate the broader implications of the statutes and Acts and all the rest of it but for ... just for now, were you aware of these powers? Because when Professor Honohan came back to you he was specifically asked with regard to your tenure and what was ... what was the legislative architecture during your term as Governor, not...

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Because you are familiar with the letter, is the letter accurate or inaccurate by your measurement?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Okay. On the list of actions that I've outlined to you, did you take any of those? And then we'll go for a break.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: I'm just going to clarify ... I will rephrase that question and reframe it again just to get 100% certainty from you, Mr. Hurley. Professor Honohan was wrote ... wrote to this committee after being asked a very specific question with regard to your powers as Governor following his deliberations with this committee on the Honohan report. He took time out to give a very considered response....

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: All I need to know for now is the powers that Professor Honohan has, in his correspondence to this committee, said that you have. Are you agree ... in agreement with the Professor Honohan's letter or not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: With that said, I propose that we take a break and that we would resume at ... what time is it now? At 11.30 a.m. In doing so, just to remind the witness that once he begins giving evidence, he should not confer with any person other than his legal team in relation to the relevance of matters that are being discussed before this committee. With that in mind, I now suspend the meeting until...

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Pardon? Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: I'll ask our legal team now to deal with this matter specifically with you, Mr. Hurley. Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: All right, with that said, I now call the committee back into public session, is that agreed? And, in doing so, I'd like to conclude this present line of questioning with Deputy Doherty with Mr. Hurley. Deputy Doherty.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: I need to move on now.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: I'll bring you back in again----

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: ----in the wrap-up. Deputy Higgins, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: I'd like you to identify the witness there please?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: I have to press you now because we have got questions to get covered as well. Deputy, I'm going to have to allow sufficient time for that to be answered.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Thank you very much. Just following on on an unrelated matter, if I can maybe talk about monetary union with you, Mr. Hurley. That apart from the lack of control over monetary policy after joining the European monetary union, what, in your opinion, were the major changes in the role of Governor when comparing the Central Bank and the regulatory models before and after the 2003 restructuring?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Ciarán Lynch: Okay. Thank you. Senator Sean Barrett. Ten minutes, Senator.