Results 6,061-6,080 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Okay. That's it, we're done. I just want to just ... in the opening section there of Senator O'Keeffe's question, she made reference to Mr. Gleeson, and his comments about the regulator. I ... the ... Mr. Gleeson may have written comments with regard to the regulator, but he ... during his hearing with us he actually qualified that, in questioning from Senator D'Arcy, at which time Mr....

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

Ciarán Lynch: I'll be barking at you now, Senator, if you make a value judgment, so, ask a question.

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

Ciarán Lynch: Okay, final question, Senator.

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

Ciarán Lynch: I'm sorry, if you have a document ... just before ... if you've a document there with regard to Mr. O'Leary, put it on the table, please, Senator. We're kind of having an abstract conversation about comments that somebody was actually making and I would not be inviting the witness into a kind of subjective interpretation of that unless we're dealing with direct evidence before the committee.

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

Ciarán Lynch: Okay, thank you.

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

Ciarán Lynch: Okay, all right.

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

Ciarán Lynch: Thank you. Okay, I just want to tidy up with a few matters. I'm going to wrap up and then invite our two lead questioners in to finalise questions today. Just returning to the matter of the regulator and the regulation structure - and Mr. O'Rourke and Mr. Dobey, either of you can answer this - did you feel that the reports issued to the Financial Regulator provided them with enough...

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

Ciarán Lynch: By you and by the bank.

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

Ciarán Lynch: If you can give a comment on both.

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, thank you. In layperson's terms, maybe you could explain to the committee - because I'm coming to wrap things up now - if the auditors did their job properly, according to the rules, why then did the banks fail without warning?

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: But every bank, practically, in Ireland crashed. If every airplane fell out of the sky that was over Irish jurisdiction, there would be a lot, a lot of questions. Every Irish bank failed to a certain extent, Mr. Dobey, Mr. O'Rourke.

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

Ciarán Lynch: Some-----

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

Ciarán Lynch: Yes, but-----

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

Ciarán Lynch: -----we would be looking at the service engineers and the people that would be-----

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

Ciarán Lynch: -----designing the ships and all the rest of it.

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

Ciarán Lynch: So, in that regard, was the bank failure a surprise to you, as auditors?

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

Ciarán Lynch: Okay. And would you concur with that view, Mr. Dobey?

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

Ciarán Lynch: Okay. So, maybe if ... to wrap that up again, has ... what has actually changed since the crisis period and can bank audit accounts now predict the risk of bank failure, in your opinion?