Results 7,061-7,080 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: I'll give you space. Proceed.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: We have a problem with them ourselves, Mr. Gleeson, so you're okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Thank you very much, Deputy Doherty, I'll be bringing you back in later. Can I just have that for a moment? I just wanted ... there's just one issue that's a bit overhanging there that I want to deal with. It relates to core document AIB B1, page 31.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: It's AIB B1, page 31. It will come back up on the screen again there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: It's to do about the bank's decision to pay an increased interim dividend, as Deputy Doherty related.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: You said at the time that you were the person that signed off on it, on the dividend was paid.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Was there any reservation at any board level or at any level within the bank in regard to that dividend being paid out?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: And where was that coming from?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: It was overruled, or that objection was-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Okay, thank you very much. Deputy John Paul-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Thank you very much, Mr. Gleeson. Deputy Phelan.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: We have questions on each to get through as well.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Please, I give you enough time to ask the question, Deputy, now I need the witness to reply.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Now just before we go to the break there, Mr. Gleeson, I just want to deal with one matter, and it's the issue of incentives and remunerations. And if I could maybe ask you the salary bonus and pension plans offered to the senior executives at AIB, they would be considered significant, certainly in today's circumstance-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: -----and maybe back then. Are you, are your reflection of that, do you believe they were justified and appropriate for an Irish financial institution----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: -----an island of 4.5 million people paying these big sums?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: The core document there relating to is up there on the screen at the moment, so I'm not going to ... it just gives a context as a board meeting, so I'm not going to get tied up into referencing that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: The ... I suppose what I'm getting to here is how performance remuneration influences the factors in the bank's lending behaviour.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: Was there at any time consideration relating to risk built into the measurements performance?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Ciarán Lynch: In layman's or laywoman's terms looking in this morning, the performance bonuses were on increased sales -----