Results 5,761-5,780 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Okay. Thank you. Deputy Michael D'Arcy.

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

Ciarán Lynch: Are you finished? Okay. Just a ... further on Deputy or Senator D'Arcy's questions there. Did PwC have any concerns with the exceptions to the lending policies and the level of exceptions?

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

Ciarán Lynch: Okay, and were these concerns sent along then and addressed?

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

Ciarán Lynch: Okay, thank you. Deputy Michael McGrath.

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

Ciarán Lynch: I'm going to move to wrap up. I'm going to invite both leads in for five minutes. Before I do, if maybe I could just put a general question to both Mr. Murphy and Mr. McDonnell. In the firm's opinion, did the external audit fulfil its role or not?

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

Ciarán Lynch: In the firm's opinion, did the external audit fulfil its role or not?

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

Ciarán Lynch: It did indeed. In that regard, if I can maybe just move things towards a wrap-up, can you explain, in layperson's terms, if the auditors did their job properly according to the rules why did every bank in the Republic of Ireland fail without warning?

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

Ciarán Lynch: Mr. Murphy?

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

Ciarán Lynch: Was the bank failure, to both of you, a surprise or not?

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

Ciarán Lynch: Mr. McDonnell?

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

Ciarán Lynch: In view of that, can bank audited accounts predict a risk of a bank failure, in your opinion, into the future?

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

Ciarán Lynch: Mr. Murphy?

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

Ciarán Lynch: Can I ask you, in terms of audited accounts, can they predict the bank failure or a risk of a bank failure going into the future?

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

Ciarán Lynch: Thank you. Deputy ... or Senator Susan O'Keeffe, five minutes, and then I will move on to Senator Barrett.

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

Ciarán Lynch: No, we are not talking about Project Atlas.

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

Ciarán Lynch: We'll deal with Project Atlas at another entirely different time.

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

Ciarán Lynch: Supplementary now.

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

Ciarán Lynch: Okay, thank you very much. Senator Barrett.

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

Ciarán Lynch: Sarbanes-Oxley?

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

Ciarán Lynch: Thanks very much. Okay, that brings me to wrapping matters up. And, in doing so, I would like to thank Mr. Murphy and Mr. McDonnell for their participation today and for their engagement with the inquiry. The witnesses are now excused and I just want to take a brief suspension because there's some lines of inquiry, notification stuff that ... we just need to have a quick sit-down before we...