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

Ciarán Lynch: And legacy issues and all, yes.

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

Ciarán Lynch: Sure, sure.

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

Ciarán Lynch: One minute, Deputy; last question.

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

Ciarán Lynch: Okay, thank you. Deputy Kieran O'Donnell, ten minutes.

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

Ciarán Lynch: Mr. Duffy's view on that?

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

Ciarán Lynch: Leave him time to respond.

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

Ciarán Lynch: Okay we are drifting into kind of what ... commercial issues for a start -----

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

Ciarán Lynch: I ------

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

Ciarán Lynch: Yes, there is indeed, and there are legacy issues, there are share concerns and all the rest of it here. In terms of a legacy issue, I'll take it that we are not going into what is day-to-day current banking inside AIB, Mr. Duffy.

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

Ciarán Lynch: Okay. Thank you. Thank you very much. Next questioner is Deputy McGrath.

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

Ciarán Lynch: Senator Marc MacSharry.

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

Ciarán Lynch: Thank you very much. If, maybe, I could just refer to two items just following on from Senator MacSharry's questioning. I just want to refer to document reference AIB B1, Vol. 1, page 87. And what there are here are a summary of main findings. These relate to review focused at enterprise at Republic of Ireland level. This is an AIB document and if you scroll down the page there, it's...

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

Ciarán Lynch: So, just to summarise, in short what we're seeing there is the main trust of the business of the Republic of Ireland model was to focus on share-driven loan orientation, so there was a practice in the bank that would relate to the questioning line that Senator MacSharry took with you. There was a practice there ... or not?

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

Ciarán Lynch: Okay. Just on the broader context ... and to ... just a comment that you made earlier with regard to property diversification and that these are separate, stand-alone silos and that the risk is separate in all of these and so forth. I want to challenge the ...that assumption if I may and put it to you ... is that the subdivision of property portfolios into different classes, i.e....

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

Ciarán Lynch: Okay, thank you. Senator O'Keeffe.

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

Ciarán Lynch: Deputy Eoghan Murphy.

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

Ciarán Lynch: Thank you. Senator Barrett.

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

Ciarán Lynch: Can you just give me a reference for that so I can get it on the screen there, please, Senator?

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

Ciarán Lynch: Page 21, thank you.

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

Ciarán Lynch: Sorry, Senator, can I just get a page number, not the reference page number that the document is coming out of, the page number in the booklet?

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