Results 7,121-7,140 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Now, that's in particular regard to, under EEC ... EC Treaty, these rules, the bank was obliged ... the reference will come up there as I'm talking, so don't worry too much about that. Under the EC state aid rules the bank was obliged to submit a structuring plan to the EU Commission, and this was finalised in April 2010. I think it was then updated again in July 2011 and further revised in...

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

Ciarán Lynch: Yes, and it is on the monitor above. The AIB acknowledges - and it's in brackets - "its decision to expand into property was misguided, and that its risk management and internal governance systems were not as effective as they should have been in controlling their risk." Could I ask you to comment on it?

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

Ciarán Lynch: But with respect of your period.

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

Ciarán Lynch: Okay, but do you think that the admission in it that the bank was misguided and that its risk management and internal governance systems were not as effective as they should be; now, are you in agreement or disagreement with that-----

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

Ciarán Lynch: -----because it's a judgment on your period as chairperson-----

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

Ciarán Lynch: Okay, thank you. Deputy Michael McGrath. Deputy, ten minutes.

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

Ciarán Lynch: Can I just make one brief interjection, Deputy Higgins. I'm not too sure if Mr. Gleeson has read that paper before but I think you're generally ... because Bill Black, when he was in before us kind of gave a similar type of modelling.

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

Ciarán Lynch: Yes, but due process-----

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

Ciarán Lynch: I have to let him respond now as well, Deputy Higgins, please.

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

Ciarán Lynch: I have to allow the Deputy ... I'll give you a bit of time but I have to allow the witness to respond. If ... I tried to make-----

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

Ciarán Lynch: Keep your questions short if you want a longer response.

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

Ciarán Lynch: There's three different questions there, Deputy. I need to allow Mr. Gleeson to respond to the three of them now.

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

Ciarán Lynch: Indeed, and-----

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

Ciarán Lynch: -----I'll facilitate you with that right there now.

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: Excuse me now, Deputy, please. I'm going to make an interjection here. And I monitor the period of time that Deputies take to ask a question. I try to moderate that by facilitating the witness with the exact amount of time, if possible, and if the witness is short in his response, fair enough, but there is a due process. If there is a very extensive question being answered, or questioned...

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

Ciarán Lynch: Be very mindful now, Deputy. Be very mindful, Deputy. Be measured.

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

Ciarán Lynch: Deputy Higgins, I'll have to ask you to desist from questioning that is laden with an implied value judgment in it. Ask the question but don't make the value judgment in it please.

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

Ciarán Lynch: And all the more reason-----

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

Ciarán Lynch: I know, but all the more reason to have your question legally framed.