Results 5,901-5,920 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: On the balance sheet, what's the difference?

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

Ciarán Lynch: Okay, but does the culture not ... is the balance sheet not influencing the culture?

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

Ciarán Lynch: Not influencing the culture of the bank?

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

Ciarán Lynch: Well, let me give you one example of that so Mr. Crowley.

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

Ciarán Lynch: Whether you felt it was ambitious ... or whether you felt the ambitious profit before tax and earnings per share growth levels targeted by Bank of Ireland in this period ... do you consider that was a mistake or not and did you feel it would continue to go well into the future and that there was no such risk in such a strategy?

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

Ciarán Lynch: Okay. I don't ... I have you in the inquiry this morning, Mr. Crowley ... we can talk about experts and we've had plenty of them in before us. I'm asking you, did you see a risk in such a strategy?

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

Ciarán Lynch: You did not see such a risk in such a strategy?

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

Ciarán Lynch: Okay. Thank you. Deputy Kieran O'Donnell.

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

Ciarán Lynch: Just in general, Mr. Burrows, in your experience with minutes of meetings, generally accurate at Bank of Ireland?

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

Ciarán Lynch: Okay, thank you. I want to move on to the issue of Project Atlas for a moment there with you, Mr. Burrows. It will just be coming up on the screen there in a moment. This was during your tenure. The Project Atlas report in summary would demonstrate that large exposures and mothballing of developments and landbanks were highlighted in this report. It shows them as issues for Bank of...

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

Ciarán Lynch: Would it be fair or not to say that was a two-sided coin? That when you were actually issued-----

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

Ciarán Lynch: Would it be fair or not to say that was a two-sided coin? That when the loans were actually being issued in the first instance, it was a very subjective valuation process as well.

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

Ciarán Lynch: When Mr. Daly was before the inquiry a number of weeks ago, I can pull up his speech and all the rest of it, but just a general summary of what he was making. This is the CEO of NAMA, the biggest real estate agency in the world or asset management agency on the planet. What he was saying is that the model was simply like this, is that a developer or builder would come along, they would get...

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

Ciarán Lynch: Is there not an exposure issue here Mr. Burrows, in that context? The concentration of exposures is an area of concern in PwC in this report, showing 39% of total land and development loans coming from the top 70 of loan and development loans in Bank of Ireland. Did this reflect the board's understanding of such exposures?

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

Ciarán Lynch: Okay, and what were you told internally?

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

Ciarán Lynch: Okay. And when the figures were told internally, what was the response?

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

Ciarán Lynch: Okay. Mr. Boucher was on record here last week as believing that ultimately NAMA was a good idea and indeed, it was something that was a positive construction in regard to getting the property market and all the land sector back into gear. Would you concur or not with that view?

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

Ciarán Lynch: Okay, thank you, Mr. Burrows. Senator O'Keeffe, ten minutes.

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

Ciarán Lynch: ....evidence, Senator.

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

Ciarán Lynch: To clarify two matters, and I just want to raise one matter with you as well, Mr. Burrows and Mr. Crowley. In the questioning there with Senator O'Keeffe, the Met Éireann response when you said that you would ring Met Éireann, and obviously when you heard of the Morgan Kelly article you reached out and made some calls. Was Dan McLaughlin one of the people you reached out to?