Results 5,821-5,840 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Okay. Thank you. I’ll just move towards a wrap-up so, Mr. Fitzgerald and Mr. Smith, in inviting both Deputies in. Can I just come back and deal with just one matter relating to the Financial Regulator and the matter of loan exceptions? Following the Financial Regulator’s findings, did Ernst and Young alter their sampling approach when reviewing loan exceptions?

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

Ciarán Lynch: Thank you. Deputy Higgins.

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

Ciarán Lynch: Okay, just on that note, can I just turn to, in respect of the booklet, page 11. I now bring in Deputy O'Donnell. And this just develops on from Deputy Higgins's comment there. It's the second panel of conclusions and it's the second paragraph:We reviewed the Society's Credit Impairment Policy to understand and consider the Society's methodology [to determine] specific and collective...

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

Ciarán Lynch: Okay. Thank you very much, Mr. Fitzgerald. Deputy O'Donnell.

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

Ciarán Lynch: Okay, thank you very much. Thank you very much, Deputy, and thank you, Mr. Fitzgerald. Thank you, Mr. Smith. Is there any other final comments you'd like to make before I conclude?

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

Ciarán Lynch: Okay, with that said, I'd like to thank you both, Mr. Fitzgerald and Mr. Smith, for your participation and engagement with the inquiry this afternoon and to now formally excuse you and thank you once more. Thank you. So with that said, I now propose that the meeting is adjourned until 9.30 a.m. on Thursday, 21 May at 9.30. Is that agreed?

Written Answers — Department of Public Expenditure and Reform: Flood Relief Schemes Status (14 May 2015)

Ciarán Lynch: 72. To ask the Minister for Public Expenditure and Reform the progress made by the Office of Public Works regarding the Douglas flood relief scheme; if firm commencement and completion dates have been established; if the project is on target to date; if the necessary planning permission has been obtained; and if he will make a statement on the matter. [18938/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: I now call the meeting into public session. Is that agreed? And as we've a quorum, the Committee of Inquiry into the Banking Crisis is now in public session, and can I remind members, and those in the public gallery, to ensure that their mobile devices are switched off? We begin today with session one, public hearing, discussion with Mr. Laurence Crowley, former governor, Bank of Ireland,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: Thank you again, Mr. Burrows and Mr. Crowley, and if I can invite, in whichever order you choose, the first of you to speak. Thank you, Mr. Crowley.

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: We'll take it from the chair, you can sit down.

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: Thank you very much, Mr. Crowley. Mr. Burrows?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: Thank you very much, Mr. Burrows, and thank you very much for your earlier comments, Mr. Crowley. Our speakers will commence this morning with Senator Sean Barrett. Senator, you have 25 minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: I'll put it up there, Senator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: Did you say 71, is it? Is this to do with the response of the Financial Regulator on review of sectoral concentration framework, yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: He's probably looking at the wrong page number.

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: BOI - B2, pages 71 to 86 and the reference there is BOI101640.

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: Would you care to comment on that Mr. Burrows and elaborate?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: And in terms of the appropriate level of reporting to the board on concentration risks and other risks, would this have been on your radar?

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: Yes, and the broader issue related to it.

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Ciarán Lynch: Which is that the regulator had been expressing concerns with regard to a particular behaviour by the bank.