Results 6,561-6,580 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: All right, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Can I just summarise what's happened?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Okay, thank you very much, Mr. Boucher.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Okay. I just want to wrap up. I'll be inviting Deputy Murphy and Deputy McGrath in for five minutes of supplementaries to finish, but maybe just to ... there was a lot of discussion this morning, Mr. Boucher, between the board and the subsidiary boards and the transference of information and so forth. Maybe if I could put the question to you, and in two different stages: first of all, did...

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: And the board subsequently changed during your period as the chief executive officer as well, yes?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: The composition of it? And a part of that change of the composition of the board saw new members coming in, significant investors such as Wilbur Ross and other people. Was that change of personnel and personality ... was that reflected in a change of culture, management style, and do you have any reflection and thoughts on how that actually impacted on the day-to-day operation of Bank of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Okay, thank you. Deputy Murphy, five minutes, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Is it the same as a car manufacturer having a series of different cars, or is this a separate company? I suppose this is what Deputy Murphy wants-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: What do you mean by rent diversion?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Deputy, the final question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Thank you very much. Deputy McGrath.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Just one final question then, then I'm going to move immediately to the wrap-up. Just to ask Mr. Boucher, would the exclusion of subordinated debt have allowed Bank of Ireland to hold onto some of the subsidiaries they had to sell as part of the EU restructuring plan?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Okay. Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Yes, Mr. Boucher has absolute privilege before this inquiry and this inquiry is taking place in the Irish State. Mr. Boucher does not have privilege outside the Irish State. That's it in summary.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: In the Irish State he has absolute privilege.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Okay, alright. I am going to bring matters to a conclusion now Mr. Boucher. The purpose of this inquiry is, as I have said in earlier engagements, is not just about learning the lessons from the past, but also applying some learning into the future. Do you have any final comments you'd like to add in that regard? And then I'll bring matters to a close.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Ciarán Lynch: Okay Mr. Boucher. With that said I thank you for your participation and for your engagement with the inquiry today. I would now like to formally excuse you and in doing so propose that we suspend until 2.30 p.m. Is that agreed? Agreed.