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

Ciarán Lynch: After the guarantee ... we ... mentioned some institutions today in which, under your tenure, ELA was sought for Irish institutions. You received-----

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

Ciarán Lynch: Okay and were you-----

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

Ciarán Lynch: And were you satisfied that those institutions under your examinership, were meeting the liquidity criteria?

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

Ciarán Lynch: The ELA criteria.

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

Ciarán Lynch: How many institutions availed of ELA?

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

Ciarán Lynch: In and around the time of the guarantee how many banks, or sorry institutions not banks, how many institutions were you considering that may need ELA potentially?

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

Ciarán Lynch: Alright thank you, I'm going to move to wrapping things up, Deputy John Paul Phelan.

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

Ciarán Lynch: Senator MacSharry.

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

Ciarán Lynch: Yes, once it's in order, that's fine.

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

Ciarán Lynch: Okay. I'm going to bring matters to a conclusion, Mr. Hurley. In wrapping up, and it's been a long day starting since 9.30 a.m. this morning, is there anything you would like to further add as I bring matters to a conclusion?

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

Ciarán Lynch: Thank you, Mr. Hurley. I would like to thank you for your participation today and your engagement with the inquiry. I want to formally excuse you and to bring matters to a conclusion by proposing that the meeting is adjourned until 3.30 p.m. on Tuesday, 26 May 2015. Is that agreed? Agreed.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: As we've a quorum, the Joint Committee of Inquiry into the Banking Crisis is now in public session, is that agreed? Agreed. Can I ask members and those in the public Gallery to ensure that their mobile devices are switched off? We now commence session 1 today which is a public hearing discussion with Mr. Ronan Murphy, senior partner, PwC, and Mr. John McDonnell, partner, PwC. In doing...

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Before I hear from the witnesses, I wish to advise the witnesses that by virtue of section 17(2)(l) of the Defamation Act 2009, witnesses are protected by absolute privilege in respect of their evidence to this committee. If you're directed by the Chairman to cease giving evidence in relation to a particular matter and you continue to do so, you're entitled thereafter only to a qualified...

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Thank you again, Mr. McDonnell and Mr. Murphy, and I believe, Mr. Murphy, you'll be going first with your opening statement this morning ... yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Okay. So, if I can invite you to make your opening statement please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Sorry, Mr. Murphy, if I could just slightly disrupt you, I think you may have a box on the speaker there that's actually-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Thank you very much.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Please ... yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Thank you very much Mr. Murphy ... sorry -----

Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)

Ciarán Lynch: Sure yes, take your time.

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