Results 5,781-5,800 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: I now propose that we go back into public session for this afternoon's engagement, is that agreed? Okay, and the committee is now back in public session for session 2. This is a public hearing with Mr. Paul Smith, former managing partner at Ernst and Young, and Mr. Dargan Fitzgerald, audit partner, Ernst and Young. The Committee of Inquiry into the Banking Crisis is now resuming in public...

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

Ciarán Lynch: Thank you again, Mr. Fitzgerald and Mr. Smith, and in whichever sequence you choose, if I can ask and call on you to make your opening statements to the inquiry, please.

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

Ciarán Lynch: Thank you very much, Mr. Smith. Mr. Fitzgerald.

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

Ciarán Lynch: Thank you very much, Mr. Fitzgerald, and I also thank you for your earlier contribution, Mr. Smith. If I can now invite Deputy Joe Higgins. Deputy, you have 25 minutes.

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

Ciarán Lynch: To reference that document there for you, Deputy, it's pages 17 to 18-----

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

Ciarán Lynch: -----of the Financial Regulator-----

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

Ciarán Lynch: I'll just reference the document there as well, Deputy Higgins, while you're getting the ... page 25 to 28 of the core documents.

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

Ciarán Lynch: Thank you very much. Next questioner is Deputy Kieran O'Donnell. Deputy, you've 25 minutes.

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

Ciarán Lynch: Continue.

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

Ciarán Lynch: Yes, if ... Are you familiar with the Nyberg report, Mr. Fitzgerald?

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

Ciarán Lynch: Thank you very much, Deputy O'Donnell. Just a couple of matters before I move on to Senator MacSharry. In regard to the Financial Regulator, do you believe that the reports issued to the Financial Regulator provided them with enough information to enable them to discern the full regulatory position of the society?

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

Ciarán Lynch: They ... in going back to Deputy ... earlier, when Deputy O'Donnell was talking to you, he was talking to you briefly about the firm's interaction with the Financial Regulator-----

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

Ciarán Lynch: -----during the 2003 to 2004 period and the role that the Financial Regulator played during that period as well. So, I'm just asking you do you feel that the reports issued to the Financial Regulator provided them with enough information to enable them to discern the full regulatory position of the building society?

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

Ciarán Lynch: Okay, thank you. During Ernst and Young's interaction with the society, did either party express concerns rather than just talk about the issues ... but specific concerns in regards to the adaptation of IAS 39?

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

Ciarán Lynch: There was no concerns, either at Ernst and Young's side or at EBS's side?

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

Ciarán Lynch: Okay, thank you. Senator Marc MacSharry.

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

Ciarán Lynch: What page?

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

Ciarán Lynch: I just need a small bit of clarity on that, Senator, I'll give you a bit of time. I just need a bit of clarity in finding it. The reference page may not be the actual page in the core booklet.

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

Ciarán Lynch: Okay, it's page 11.

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

Ciarán Lynch: I can afford a bit of time.