Results 7,241-7,260 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: That was optics. In terms of optics ... that you were making a statement to the world market that you were sound.

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

Ciarán Lynch: Sorry, Deputy Murphy. Okay.

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

Ciarán Lynch: Yes, a discrepancy is ... a judgment-----

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

Ciarán Lynch: Thank you very much. I am now going to bring proceedings to an end, Mr. Forde. Is there anything further you would like to add by means of comment or suggestion or anything else?

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

Ciarán Lynch: Thank you. So, with that said, I'd like to thank Mr. Forde for his participation today and for his engagement with the inquiry, and as I'm excusing you ... just before I call an adjournment to the meeting, just to remind members that we're adjourned until 3.30 p.m. next Tuesday. The public hearing on Wednesday morning will commence at 9.30 a.m. On Thursday, to facilitate events in the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: As we have a quorum, the Committee of Inquiry into the Banking Crisis is now in public session, and we will commence session 1 this morning with a public hearing with Mr. Frank Daly and Mr. Brendan McDonagh of NAMA. Doing so, I would like to welcome everyone to the 19th public hearing of the Joint Committee of Inquiry into the Banking Crisis. As these committees proceed, the cold shadow of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Thank you very much. If I can commence proceedings by asking Mr. Daly and Mr. McDonagh to make their opening remarks. I believe Mr. Daly you are first, or Mr. McDonagh, whichever, you can choose.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Certainly.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Thank you very much, Mr. McDonagh. I call Mr. Daly.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: My constituency Mr. Chairperson, so you are okay, fire away.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Thank you, Mr. Daly. Thank you, Mr. McDonagh. I know that the proceedings are scheduled to run until close to 6 p.m. today, so members will have a number of opportunities to come in. I am very conscious, though, that we need to manage this both in terms of breaks and getting through our programme as well. We have four lead questioners this morning. Just before I bring in our first lead,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Would that have been the exception or the norm, or the main practice?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Common practice, okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: And, Mr. ----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: And we may come back to cross-lending around the projects later in the day. Can you just explain briefly, just in layman's terms because the general public will be looking in at these proceedings, as to how a bank would go about valuing its assets and loan book and so forth in terms of how projected losses or profits might be incurred, and how NAMA went about its valuation of those assets...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Try to bring this down to layman's terms, I think would be ...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Earlier testimony that we had before this inquiry, and I just want to concur if that testimony stands up, that the banks would take a projected examination on these loans and their assets based upon what was happening retrospectively. So if there was a slight decline they would margin in that decline to continue adding some sort of aggregated or average into the future where ... in ... when...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Mr. McDonagh?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: That's the point I'm trying to establish-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: -----to clarify. Was the procedure because it was looking backwards-----