Results 6,921-6,940 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: He can answer any way he wants.

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

Ciarán Lynch: Can you just refer to the transcript there if you are using that, Senator MacSharry?

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

Ciarán Lynch: I will give the Senator a bit of time because Mr. Buckley is indicating -----

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

Ciarán Lynch: Next question, Senator-----

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

Ciarán Lynch: Do you have a question?

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

Ciarán Lynch: Okay Senator, can we get the answer because I need to move on? Mr. Sheehy, if you do have an answer that is.

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

Ciarán Lynch: Thank you very much. Deputy McGrath please.

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

Ciarán Lynch: Thank you very much Deputy. I just want to tidy up a few matters, I'll bring in the two leads to conclude and then we'll conclude. Just very specific to yourself, Mr. Sheehy, just your own description, as to how you would briefly characterise AIB's relationship under your stewardship with the Financial Regulator in the period of 2003 and 2008?

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

Ciarán Lynch: Yes. 2003 to 2008.

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

Ciarán Lynch: Oh sorry.

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: All right, and just a ... on to round off some stuff on the guarantee, a ... you ... AIB brought a formula of words of some description on that night, as Mr. Gleeson said last week. And it ... this may have been covered already, but should sub-bondholders ... should sub-bondholders have been asked to bail in, by your view?

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

Ciarán Lynch: And correct me if I am wrong here, by your own testimony today, you seem to have had the impression when you went home that evening, very late into the early hours of the morning, that the guarantee was going to be of one construction to be surprised the following morning to have been shaped in a different way. Do you have a current view as to the appropriateness of the guarantee and how it...

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

Ciarán Lynch: A final issue. Earlier this morning, I think it was on the questioning engaged with myself, you said that AIB was, sort of, monitoring itself against Bank of Ireland than maybe Anglo Irish Bank or other monitors. That was the model space you saw yourself in, yes?

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

Ciarán Lynch: Traditionally, okay. So, with reference to those earlier comments, can you maybe explain why AIB needed four times more taxpayers' money than Bank of Ireland?

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

Ciarán Lynch: All right. I'm kind of moving into the conclusion here and I'll conclude the final speakers if I can maybe get this covered. You mentioned Sarbanes-Oxley Act this morning, Mr. Buckley, that you were involved in that. Could you just explain to the committee what that actually is? That's an American piece of legislation, that's not an Irish-----

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

Ciarán Lynch: Okay, as I understand it, and you ... my interpret ... because this came up in our engagement with Professor Black as well, is that the Sarbanes-Oxley Act, very much what it does, is it ties senior banking officials into signing off on the true and fair record-----

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

Ciarán Lynch: -----of the bank. Are there criminal sanctions, then, that arise out of that if ... in that act, that are related to it?

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

Ciarán Lynch: Yes, sure.

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

Ciarán Lynch: Yes.