Results 7,281-7,300 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: In my opening comments today I referenced your involvement with the NTMA and with your permission, I'd like to maybe drift into that area now that we're speaking about the guarantee. Was the NTMA contacted, or you in your capacity in the NTMA contacted by Government or the Department of Finance in the lead up or during the eve of the night of the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: Was there a guarantee document at that time as to how a guarantee would be rolled out or modelled?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: On the night of the guarantee, were the NTMA present in Government Buildings during that period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: Yourself and who?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: So the guarantee was presented to you as a fait accompli, as a completed document? You were not part of the discussions to the finalised document?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: On the course of the evening, was it just Mr. Cardiff you engaged with by telephone call or what were the physical engagements with officials or politicians?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: This might sound a silly question but I just need to ask it. Were you aware that a guarantee was being worked on in the adjacent room?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: Did you know what your purpose of being over at Government Buildings that night was actually for?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: CC01700 type: 1 --> So, even though there had been engagement with the NTMA and the Central Bank in the earlier September period, on the eve of the guarantee you were physically present in the building but no engagement actually taking place between Government officials, the Department of Finance or anybody else with you, other than you waiting in the room with a document presented?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: Did the NTMA have any role or input into the design of the guarantee when it was finalised?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: Would it be an accurate description to describe the NTMA as the nation's banker, in that you manage the finances of the State?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: You would manage the country's international finances, that would be part of your role?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: And an international financial agreement that was being put in place, in unprecedented arrangement, you were not inclusive of?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: Did the NTMA have a view of the guarantee when it was actually put in place with regard to how extensive it was and how it may actually impact upon the NTMA's operation, because you said earlier that the NTMA was being locked out of the international financial market? So what was the NTMA's view of the guarantee when it was put in place?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: Finally upon that ... So when you left the building that night was there any further discussion with the Taoiseach, the then Minister for Finance, the Department of Finance officials, was it a case of this is what it is and thank you, good night? Or did you go into a huddle with them to say this is how it is going to play out?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: Just for the record, what time did you arrive in that anteroom at?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: From 9 p.m. in the evening until 1 o'clock in the morning or so and no engagement until 1 a.m. What do you believe was the purpose of actually having you over in Government Buildings that night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: Thank you very much. Deputy Doherty, you have ten minutes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: You are going into the realms of speculation rather than what may be informed opinion.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Ciarán Lynch: We will conclude on that question if you do not mind and we will resume after lunch and Mr. McDonagh-----