Results 7,101-7,120 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: And would I be right in asking you, Mr. Gleeson, that the development of the bank's business strategy is one of the main responsibilities of the board?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: So, it would take up a substantial part of the board's activity?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Okay. Well, in my opening question this morning, a bank that was in existence going back before the establishment of the State, and I think before the Act of Union, or in around that time ... there was a business model in place.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Did the business model change radically in the period before the guarantee, the grow-fast model as maybe Bill Black, a witness here before the inquiry-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Right.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Well, was there any time, let's say between 2002 onwards ... NAMA's testimony yesterday said that AIB's book doubled in a very short period of time.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Other banks' trebled or quadrupled. Was there any view at that time, at board level, that somebody was eating your lunch and that you were going to go after it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: But the question, and I'm going to move on after this, did AIB, to your interpretation-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: -----radically change the type of business model that it was historically using in the 2002 period-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Okay, and so-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: So, how did the bank double, if it didn't change its model?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Okay. So, were you mirroring their practice?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: All right, thank you. Deputy Kieran O'Donnell.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: He needs some space to answer the question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Mr. Gleeson?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Ciarán Lynch: Mr. Gleeson, I want to return to a particular line of inquiry that the committee signalled to you prior to you coming in today, and that's the adequacy of the board oversight over the internal controls to ensure that risk is properly identified, managed and monitored.