Results 7,261-7,280 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: -----in terms of how it was evaluating in terms of looking into the future, which was very, very clear in and around 2009, 2011-----

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

Ciarán Lynch: -----and it wasn't future looking, so the valuations were not correct.

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

Ciarán Lynch: So it was the accountancy practice facilitated a situation where the valuations were not coming up correct in the balance sheets-----

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

Ciarán Lynch: Okay, thank you.

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

Ciarán Lynch: Is €9 billion the sum? There was €9 billion rolled up in interest.

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

Ciarán Lynch: Thank you very much, Senator. I am going to now propose that we would suspend the meeting just for 15 minutes to return at 11.30 a.m. just for a quick comfort and coffee break. I just want to remind witnesses that once they begin giving their evidence they should not confer with any person other than their legal team in relation to their evidence and matters that are being discussed before...

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

Ciarán Lynch: I now propose that we go back into public session. Is that agreed? As we continue with these questions I just want to round off one thing in regard to Senator O'Keeffe's questions, Mr. Daly and Mr. McDonagh and that is can you establish whether it is your view or not your view, in how the banks engaged with senior borrowers-debtors, were they or were they not by your account behaving in...

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: Okay. Thank you.

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

Ciarán Lynch: Okay, thank you very much, Deputy. I now move on to Deputy Joe Higgins. Deputy, you've 25 minutes.

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

Ciarán Lynch: You've about five minutes, Deputy, but I'm picking up phone interference there so I'm not too sure if it's in the proximity of the mics that are currently in use so I'd ask people to turn off their phones please because it's disrupting proceedings. You have five minutes, Deputy.

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

Ciarán Lynch: May ... witnesses to ... allow time as well to them to respond, Deputy Higgins, so I need you to make the question as quickly as possible.

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

Ciarán Lynch: Deputy, I need to facilitate time for a response.

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

Ciarán Lynch: Briefly, Mr. Higgins ... or Mr. ... Deputy Higgins, thanks for that. Briefly, Mr. Daly and Mr. McDonagh, but I need to move onto the next question.

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

Ciarán Lynch: Deputy ... or Senator Michael D'Arcy. Senator D'Arcy, you have 25 minutes.

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

Ciarán Lynch: Can you just move a bit closer to the mic, Deputy?

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

Ciarán Lynch: Can I just give you a little bit of clarification on the Peter Bacon comment because it could be construed correctly or incorrectly that Mr. Bacon was making a statement not just in terms of NAMA becoming a debt collection agency, but there had been a mission drift from its original purpose, and this is what it was becoming and it wasn't functioning as it was set up to be. So I suppose that...

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

Ciarán Lynch: I just felt that that needed a bit time to be responded to, Senator.

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

Ciarán Lynch: Thank you very much. On that matter I'd like to see we will be concluded the lead questioning. We will now go into the secondary question. Before I bring in Deputy Doherty, I just want to stay in that space with you for a moment Mr. McDonagh and just to clarify something you said with Senator D'Arcy, are you on record as saying that it is your view the banks were insolvent on the night of...

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

Ciarán Lynch: Just to clarify that. I wasn't too sure.