Results 6,361-6,380 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Hear me out.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: And you were there in putting these rules together along with the other ten members, myself inclusive. So the issue of a customer relationship matter specifically cannot be dealt with. However, I would advise you and encourage you, and I'll give you time for this, is if you frame your question on the grounds of how this ... the modelling that this type of loan presented ... was it common...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: If you want to go into that space, I'll facilitate it but I can't specifically take the question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Well, no, it wasn't. You were asking specifically around this particular loan.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Deputy, I'll have ... if you start going into that loan specifically, the ... Mr. Gallagher and Mr. Torpey-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Well, be general so, because you're not being general, you're being specific.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Last question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Whatever supplementary you may have there, Deputy Phelan, I'll just give you a bit of time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: All right, thank you. Deputy Higgins.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: You have to be mindful of the language now, Deputy. It might even be ... just in terms of being overly prescriptive or value judgment laden and ideologically promoting as well.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Yes, I know that, and I-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: -----corrected another Deputy earlier for putting a view.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Just to finish on that point, and Deputy Higgins has portrayed that this was a societal impact and the consequences that people are living with today. But just boiling it down to a business model, did at any time, at any level in Ulster Bank, was it considered that a product ... that the mortgage product that you were now issuing was becoming unsustainable given 100% mortgages, given LTV...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Yes, we know that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Okay, I'm going to bring matters to a conclusion. Is there anything further Mr. Gallagher, Mr. Torpey you'd like to add? Okay, with that said, I'd like to thank Mr. Torpey and Mr. Gallagher for their participation today and for their engagement with the inquiry. The witnesses are now excused and I propose that we suspend up to 3 p.m. Is that agreed? Okay, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: I now propose that we go back into private session ... or, sorry, public session for this afternoon's proceedings. Is that agreed? We now commence this afternoon's session ... session hearing No. 2 with Mr. John Beggs, former chief executive of Allied Irish Banks, Mr. Pat McArdle-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Chief economist, sorry. I was probably giving you a promotion there. My apologies for that. Mr. John Beggs, former chief economist, Allied Irish Banks, Mr. Pat McArdle, former group chief economist, Ulster Bank, and Mr. Dan McLaughlin, former chief economist at Bank of Ireland. The committee of inquiry into the banking crisis is now resuming in public session. Can I remind members and...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Once again, welcome to Mr. McLaughlin, Mr. Beggs and Mr. McArdle. If I can invite Mr. McArdle to make his opening remarks please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: I can ask the secretariat to issue them as you are speaking to us.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Ciarán Lynch: Thank you very much. Mr. McLaughlin.