Results 5,941-5,960 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Would that claw back those bonuses?

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

Ciarán Lynch: Yes. Well you're quite explicit in the model you're describing.

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

Ciarán Lynch: If that model was in place back then, would those bonuses have been clawed back?

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

Ciarán Lynch: But what we're doing is we're testing models. There was a model in place at that time that put out that remuneration in which there wasn't a claw-back. We're now applying ... we hypothetically applied a model that you're now outlining, and put that framework on that period of time. Would there have been a claw-back?

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

Ciarán Lynch: And there would have been claw-back in that instance?

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

Ciarán Lynch: There would have been clawed-back in these instances, then, using that model you described, yes?

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

Ciarán Lynch: Okay. Thank you. Deputy Michael McGrath.

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

Ciarán Lynch: Are you saying you can't recall or are you saying it didn't happen, Mr. Burrows?

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

Ciarán Lynch: Okay, thank you. Deputy McGrath.

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

Ciarán Lynch: Thank you very much. Deputy Phelan.

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

Ciarán Lynch: CC03700 type: 1 --> Okay, maybe just to finalise on that, do you have a current view as to the appropriateness of the guarantee, Mr. Burrows?

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: Okay. And when you say the guarantee was necessary, was it the explicit guarantee that was put in place or a guarantee of sorts?

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

Ciarán Lynch: When you say that ... you're categorical in regards to the requirement of a guarantee.

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

Ciarán Lynch: Was the guarantee, in its ultimate shape, the type of guarantee that you would have seen as the one necessary, or would you have preferred, or have seen an alternative that may have worked better?

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: Okay.

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

Ciarán Lynch: Okay. Just one other matter before that, before we move to the wrap-up to Deputy Murphy and Senator Barrett. Earlier you were saying that, just to clarify this, Irish Life & Permanent was offered to Bank of Ireland on the morning of 29 September 2008. Was that the case, was it?

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

Ciarán Lynch: Okay. So who was in the ... who was making the offer? Was it the Central Bank or the Government?

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

Ciarán Lynch: Central Bank, okay. Could you maybe then, if this was on the agenda and certainly there as an item of discussion, can you not, or can you explain why it did not form part of the conversation that night if Irish Nation ... if Irish Life & Permanent was on the space of being pushed into Bank of Ireland, or taking over Bank of Ireland, what happened between the morning and that night...