Results 6,841-6,860 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: No, who are you making the question to? Mr. Buckley or Mr. Sheehy?

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

Ciarán Lynch: And the reference on that question there, if you have it?

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

Ciarán Lynch: Thank you.

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

Ciarán Lynch: Of?

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

Ciarán Lynch: Yes, please. Yes.

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

Ciarán Lynch: Five minutes now, Senator.

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

Ciarán Lynch: Sorry, that's a leading question, just ask for some ... we all know how much was paid. And I'm sure Mr. Sheehy has a view on it now.

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

Ciarán Lynch: Okay, was there much discussion on this matter, Mr. Sheehy? Did it ... was it decided over one board meeting or a series of meetings?

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

Ciarán Lynch: Yes.

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

Ciarán Lynch: A presentation to the senior board or at that board?

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

Ciarán Lynch: The remuneration committee, okay.

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

Ciarán Lynch: And this would be decided over one board meeting or over many when it would come up?

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

Ciarán Lynch: I would understand that the remuneration committee would be looking at this quite extensively because that's their job but the board would be the board that would sign off on it. How long would the board give to considering this issue then, because ultimately they have to sanction it?

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

Ciarán Lynch: Okay.

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

Ciarán Lynch: Okay.

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

Ciarán Lynch: I am aware of how the structure is. And at the senior board level, was there any dissenting voice there? Somebody says look, maybe this is too much this year, maybe there's ... you know, we need to kind of make a measured approach. There's a lot of concern out there. Maybe we should defer it. Any of this-----

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

Ciarán Lynch: I just want to deal with a couple of issues there just before we tidy up before the break. This relates to the quality of the business model, setting process, just to tidy up there from some of the questions that may be outstanding before we go for a break. We will be referring to core documents AIB B2, Vol. 1 and that is AIB reference 01278, page 19, paragraph two. What I want to...

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

Ciarán Lynch: It's not really on the remuneration issue I'm talking to you, Mr. Sheehy, it would be in regard to the concentrations in property sector lending this is a sustainable business model was there commentary on the board, like we've heard testimony from other witnesses here about what's called the "grow-fast model". Was people saying that we're now begin to mirroring the grow-fast model, that our...

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

Ciarán Lynch: I'm sure it was discussed and maybe it was discussed in the context that "We're going to have another bumper year this year, that our growth is going to be X and all the rest of it and that our lending targets are being reached", if there were targets in place and so forth, but was anybody at board level saying there is a concern here with how the business model is developing?

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

Ciarán Lynch: Okay, maybe jump forward a couple of years so, and I want to refer to the ... because I'm still looking at the adequacy of board oversight in regard to internal controls and to ensuring that risk was properly identified, managed and monitored which is what we're talking about now. And I'll go to core document AIB B17 ... B1 ... page 79 and 80. And this relates to EC, under EC treaty rules...