Results 5,541-5,560 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Right, thank you. I just want to move on and then I will bring immediately Senator D'Arcy after this. Did you feel that the level of European macroeconomic and prudential supervision was adequate in the years between 2003 and 2007 and, in that regard and in your recollection, were there discussions on a European level at meetings you participated on in regard to strong credit growth in...

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

Ciarán Lynch: Thank you very much. Senator, five minutes to wrap up.

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

Ciarán Lynch: Hang on a second now. We're moving into the guarantee. I'm going to hold that 'til this afternoon but I can take your engagement with the ECB and Mr. Trichet up to-----

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

Ciarán Lynch: ----- the discussions that were taking place. We're dealing specifically with the guarantee this afternoon so if you're moving to the guarantee now, Senator, I'm just going to move onto Deputy Doherty, okay?

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

Ciarán Lynch: Indeed.

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

Ciarán Lynch: You have to let the witness answer the question himself.

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

Ciarán Lynch: No, no, you can ask him to clarify or to further expand but you can't tell the question, or the witness what he answered.

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

Ciarán Lynch: Prior to 2008 was the question.

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

Ciarán Lynch: There are legal differences because the section ... the section that we were talking about this morning actually has implications as well with the European Central Bank and that, so I am not going to allow a situation where Mr. Hurley actually is operating in a criminal fashion in front of us because he's been asked a question in a particular way-----

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

Ciarán Lynch: ----- but what I would like you to do for the committee, before we move on - and I will come back to Senator D'Arcy with a bit of time - in regard to the liquidity issues and discussions with the European Central Bank, how early was that being flagged? Was it in mid-2008, early 2008, late 2007?

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

Ciarán Lynch: Okay, right. Thank you. Senator.

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

Ciarán Lynch: Don't get into the specific institution here now. In general. Senator, you're very close-----

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

Ciarán Lynch: Okay. I just want a general response to that rather than any instance of a specific institution.

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

Ciarán Lynch: Okay, we are beyond September 2008 now. I'm moving on Senator. Deputy Doherty.

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

Ciarán Lynch: I might have to push you now, because we have to break.

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

Ciarán Lynch: That's a very long question, now, Deputy. It will take up the lunch break.

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

Ciarán Lynch: Okay, thank you. I'm now proposing that we would break until 2.45 p.m. I just want to keep the committee in private session just for a couple of housekeeping matters to deal with this afternoon, but, I'd like to now excuse the witness ... for the suspension, and to remind the witness that once he begins giving evidence he should not confer with any person other than his legal team in...

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

Ciarán Lynch: Right, you're ready to go Mr. Hurley as well, are you?

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

Ciarán Lynch: Excellent. Thank you very much. That's it. I now bring the committee back into public session. Is that agreed? Agreed. We'll commence this afternoon with session 2 of our hearing with Mr. John Hurley, former Governor of the Central Bank of Ireland, and our public hearing with him. Our first lead question this afternoon is Deputy John Paul Phelan. Deputy, you've 25 minutes.

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

Ciarán Lynch: I'm afraid-----