Results 5,861-5,880 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Why can't you give us a comment?

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

Ciarán Lynch: Yes, but I'm asking, you were there at the establishment of the loans, there was quite a significant discount at the end of it. Do you have a view, were they overly discounted, were they not discounted enough, were you surprised by the level of discount?

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

Ciarán Lynch: So are you saying or not this morning, that the transference of the cost of these loans to NAMA is not really an issue, we need to look a couple of years down the road and see how this pans out?

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

Ciarán Lynch: Okay. Deputy Murphy.

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

Ciarán Lynch: Deputy, one moment.

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

Ciarán Lynch: Deputy Murphy, I'll bring you back again as we conclude proceedings today. Mr. Burrows, if you maybe could just clarify up one matter or maybe just add a bit of detail before we go for a break in around 11 a.m. Earlier when you were speaking to Deputy Murphy in regard to the guarantee, you were talking ... you mentioned the requirement of a consideration for short-term funding for Anglo and...

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

Ciarán Lynch: You were saying that in around the period of the guarantee, there was a consideration for short-term funding for Anglo that would ... as being the immediate requirement-----

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: Was that short-term funding, by your understanding or by your interpretation, to put Anglo indefinitely into the future and look at it again or was it to get it to the weekend and at the weekend either nationalise it or wind it down? What was the purpose of that short-term funding?

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

Ciarán Lynch: And, at that weekend, was there any indication as to what would be the future of Anglo when it got to the weekend?

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

Ciarán Lynch: Okay, and was there any indication to you that Anglo would be wound down, or would be nationalised, or liquidated, or anything else by the weekend?

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

Ciarán Lynch: Okay, thank you very much. So, with that said, I now propose that we take a break until 11.15 a. m. The witnesses are reminded that, once they begin giving evidence, they should not confer with any person other than their legal team in relation to their evidence or matters that are being discussed before the committee. With that in mind, I now suspend that the meeting ... will be suspended...

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

Ciarán Lynch: We're all back and present and all mobile devices are in appropriate mode, I assume. So with that said, I now bring the committee back into public session and in doing so I'll be inviting Deputy Doherty. Deputy Doherty you have ten minutes.

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

Ciarán Lynch: Sure.

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

Ciarán Lynch: Thank you very much, Deputy. Just on a related matter before I bring in Senator D'Arcy, Mr. Burrows. Earlier you stated that you were aware of the bank's position going into the meeting with the Government, i.e. Bank of Ireland's position, and you kind of made reference to it as well in your discussions there with Deputy Doherty. Could you please clarify this, as Mr. Goggin informed the...

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

Ciarán Lynch: And the call on subordinated debt and other matters. So you would have ... would there have been ... let's ... to kind of add a bit of imagery to it ... would there have been a desk or a table in Bank of Ireland that night where all these figures would have been there, or would there have been somebody in front of a computer running all these figures that would have had you informed going...

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

Ciarán Lynch: And just to be on the record, are you saying there is an incongruence between what you are saying today and what Mr. Goggin said to us?

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

Ciarán Lynch: Thank you very much. Senator D'Arcy.

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

Ciarán Lynch: Could you just give us an indication of the timeline you're referring to there?

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

Ciarán Lynch: Ask the question now, Senator.