Results 5,621-5,640 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Just allow a bit of time for him to respond now, Senator.

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

Ciarán Lynch: Mr. Hurley, I think the question was why they didn't participate.

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

Ciarán Lynch: Yes, indeed.

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

Ciarán Lynch: What page, Senator?

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

Ciarán Lynch: I just want to stay with the issue of capital adequacy there, Mr. Hurley, and ask you to comment upon the general capital adequacy impact results of the loan book reviews and whether they gave rise to further action.

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

Ciarán Lynch: There were loan book reviews carried out of all the banks. That resulted in a general capital adequacy examination that then led to further action. So what I'm asking you is can you comment upon the general capital adequacy impact results of the loan book reviews - there were loan book reviews carried out - and whether they gave rise to further action?

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

Ciarán Lynch: The Central Bank.

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

Ciarán Lynch: Sorry, I'll come back to you in a moment on it.

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

Ciarán Lynch: I'll get the relevant note here. Deputy McGrath.

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

Ciarán Lynch: He may not be able to.

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

Ciarán Lynch: You may not be-----

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

Ciarán Lynch: Okay.

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

Ciarán Lynch: Again, it's the general context.

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

Ciarán Lynch: Yes, I-----

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

Ciarán Lynch: Okay. Sorry about my earlier confusion there to you, Mr. Hurley, but what I was referring to was an assessment of the assets and the loan books and an analysis carried out of six covered institutions by PwC, which reported in November -----

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

Ciarán Lynch: What I am asking you to do is to comment upon the general capital adequacy impact results of the loan book reviews and whether they gave rise to any further action in that regard.

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

Ciarán Lynch: In assessing that, was this analysis based exclusively on the financial institutions' own management information and statistics and what level of professional scepticism was invoked by the Central Bank officials in using the analysis as the basis of evidence to the Minister?

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

Ciarán Lynch: In that regard, was the loan book analysis carried out by PwC based exclusively on statistics ... based exclusively on management information and statistics provided by the financial institutions? Was it exclusive in that regard?

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

Ciarán Lynch: Finally, on that matter, what level of professional scepticism was invoked by the Central Bank officials, in using this analysis as a basis of advice to the Minister?

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

Ciarán Lynch: So you would think that there was a level of scepticism built into the Central Bank's-----