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Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: Before hearing from the witness, I wish to advise the witness 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 (9 Sep 2015)

Ciarán Lynch: So, once again, Mr. Gray, I thank you for your attendance here today and if I can invite you to make your opening remarks to the committee, please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: Can you lean closer to the microphone there, Mr. Gray, if you don't mind?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: Or maybe just turn it a small bit towards you. Perfect. Good man, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: Thank you very much, Mr. Gray, for your opening statement, and to get questions under way, I'll invite Deputy John Paul Phelan. Deputy, you have 15 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: You need to clarify it to the best of your ability, Mr. Gray.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: Without interruption now, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: If I can just deal with it. If one assumes, Mr. Gray, that all behaviour is purposeful and needs driven - I sometimes question that theory but that's what psychologists would believe - what was the purpose of Anglo coming to meet with you and what was the need that they were expressing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: Okay. That's what the presenting issue was. What was the presenting ask?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: Okay. Right, thank you. Conclude please, Deputy Phelan.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: Deputy, I will bring you back in the wrap-up.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: I am just going to bring in Senator Barrett. I just need to clarify this so we don't ... we avoid repetition and kind of visiting the same area over and over this afternoon, Mr. Gray. Just clarify this. On the day of the guarantee, two officials from Anglo called to see you, yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: The two officials were?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: Okay, so the chief executive officer and the chairperson of Anglo.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: They called to see you and they tell you about their problems. Yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: And they did not ask for any action and they did not ask for any advice. They just called to tell you their problems.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: I know that ... that they told you their problems.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: I just want ... but at no time ... there was no request for any action and there was no request for any advice.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: Okay. So, other than them calling to tell you about their problems, was there any other purpose or content or any related matter that you are not telling us now?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Ciarán Lynch: I am not speculating; I am just dealing with facts.

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