Results 6,801-6,820 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Ciarán Lynch: But the Bank of Ireland liabilities went in there. I mean, you obviously would have advocated that for the Bank of Ireland liabilities to go in there ...

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Ciarán Lynch: But because of the significance of it, and because it went in there, are you saying to the committee this afternoon that you didn't have any documentation, you didn't have any briefing with regard to the exposure of the liabilities, there was no detailed discussion with officials, Ministers, Taoiseachs in this regard?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Ciarán Lynch: Okay. Thank you . That is it, Mr. Goggin. That will bring us to conclude. Is there anything finally you would like to add before I close matters today with you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Ciarán Lynch: Thank you, Mr. Goggin. And with that said, I would like to thank you also for your participation with the inquiry today and to now say that you're excused. I just need to go briefly into a private meeting just for one-----

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015)

Ciarán Lynch: Thank you, very much Mr. Chairman, and good evening, Mr. Trichet. If I could maybe deal with one matter before we then continue with the proceedings this afternoon, and if you could then maybe explain the relationship between the European Central Bank and national parliaments in terms of accountability and why it precludes a representative from the European Central Bank appearing as a...

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015)

Ciarán Lynch: That you, Mr. Trichet. The committee will be following up its own work with the ECB with Mr. Vitor Constâncio as well in the coming period. But if I can deal with some of the matters we would like to touch on with you this afternoon, can you tell us as to when you, maybe, have determined that there were issues with the Irish banks and at what time did you speak to anyone about this in...

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015)

Ciarán Lynch: I have a final supplementary on that, just because I've a little bit of time. Prior to the eve of the guarantee, were the ECB engaged with any way with the Central Bank or the Irish Government? That's the guarantee of September 2008.

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015)

Ciarán Lynch: Yes. Sorry, Mr. Trichet, if you could just clarify, in the period of .... prior to September 2008, were the ECB engaged in any way with the Irish Government or the Irish Central Bank or Irish financial services in any manner related to the implementation or the design or the structure of a guarantee?

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015)

Ciarán Lynch: Thank you very much, Senator. Now we will go back to the questions from the members. This question is framed around one put by Michael Tutty. Do you think that there is equal treatment in the euro area between big and small countries, for example, France being regularly allowed to delay reaching the 3% deficit target, and surplus and deficit countries, for example, no action being taken to...

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015)

Ciarán Lynch: Thank you very much, Mr. Chairperson. If I could maybe just wrap up one question, just to conclude where we are at in the moment, and maybe just revisit some issues for a very, very brief moment as well. Just following on from Senator MacSharry's questioning, Mr. Trichet, I would like ... or invite you to comment upon a statement from former European Commissioner, Mr. Ray MacSharry, which...

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015)

Ciarán Lynch: In your earlier comment, Mr. Trichet, you mentioned that there were concerns with regard to the solvency of the Irish banks in your final letter to Mr. Lenihan, then Finance Minister. Which banks had you solvency concerns about? Was it all of them or specific banks?

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015)

Ciarán Lynch: So just to clarify, again, this afternoon, it was the entire banking sector in Ireland, it wasn't individual banks-----

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015)

Ciarán Lynch: I just want to bring you back to an earlier engagement you had with Senator Barrett this afternoon, at which time you introduced some conversations you had with Ben Bernanke . And I'm not too sure what the context was actually about, but if I can maybe ask you or invite you to discuss or to explore with us any conversations you had with Mr. Ben Bernanke that related to the Irish financial...

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015)

Ciarán Lynch: No?

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015)

Ciarán Lynch: Okay, thank you very much. With that said, Mr. Trichet, I just want to thank you for your engagement with the committee this afternoon. I'd like to thank Mr. Brendan Halligan and the Institute of International and European Affairs for facilitating this event this evening and I particularly would like to thank the committee members for their engagement as well to make this happen along with...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: As we have a quorum, the Joint Committee of Inquiry into the Banking Crisis is now in public session. Is that agreed? Agreed. Can I ask members and those in the public Gallery to ensure that their mobile devices are switched off at today's proceedings? We begin today's session 1, public hearing and discussion, with Mr. Michael Buckley, former group chief executive, and Mr. Eugene Sheehy,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Okay, so I now invite Mr. Buckley, followed by Mr. Sheehy, to make their opening remarks to the committee. Mr. Buckley.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Thank you very much, Mr. Buckley. Mr. Sheehy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Thank you very much, Mr. Sheehy, and thank you again, Mr. Buckley. I am sure other members will over the course of the morning return to some of the matters you raised about the guarantee, but as we are aware the guarantee was a response to a crisis, it wasn't the instigating factor of the crisis and that's what I would like to delve into now, if you don't mind. Mr. Buckley, in your...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Ciarán Lynch: Okay. Thank you very much. In that regard so, Mr. Sheehy, could you maybe explain to us as to what actually happened under your watch that led to AIB having to go in to a bailout programme and be guaranteed?