Results 7,301-7,320 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Thank you very much. I now propose that we will break until 2.45 p.m. as we have run over a bit. Just to remind witnesses once more, that once they have given evidence they must not confer with any persons other than their legal team in relation to their evidence or matters that are being discussed before the committee. With that in mind, I will now suspend the meeting until 2.45 p.m. and...

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

Ciarán Lynch: I will tell people again, because they may have had their phones and other technologies fully enabled during the lunch recess, that they now just need to put them back onto the appropriate mode. Okay? All right. So, with that said, I'm now proposing that we return to public hearings of today's engagement with Mr. Frank Daly and Mr. Brendan McDonagh. Is that agreed?

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

Ciarán Lynch: Agreed. And I'll now proceed on to the next questioner, which is Senator Sean Barrett. Senator, you've ten minutes.

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

Ciarán Lynch: Thank you very much. The next questioner is Deputy Eoghan Murphy. Deputy?

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

Ciarán Lynch: Deputy O'Donnell.

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

Ciarán Lynch: I think the question in general now would be do you believe there were insolvency issues in the broader banking area?

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

Ciarán Lynch: I have reframed it now you can come back in.

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

Ciarán Lynch: In general, to clear this ... on the eve of ... on the night in question, did the NTMA in general - with regard to the Irish banking, Irish-owned sector, what they call the pillar banks and so forth - have concerns with regard to their solvency, whether they were substantiated or not? Did the NTMA formally have concerns or discussions internally about the solvency of Irish banks? Before they...

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

Ciarán Lynch: But of some banks.

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

Ciarán Lynch: And was there an opportunity at any time for you, and the NTMA is what I mean by you, to express those concerns, either before that evening or on that night - that there could be potential solvency difficulties in regard to putting a guarantee in place?

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

Ciarán Lynch: And did the Department of Finance ----- Okay, all right, we will move on.

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

Ciarán Lynch: We are avoiding that area, that is why I ceased -----

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

Ciarán Lynch: I need to ... I am not going to press the witness on this but I think the issue is very, very simple - were concerns in general held by the NTMA at any time expressed to the Department of Finance?

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

Ciarán Lynch: That has been answered, this question is were they expressed to Finance?

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

Ciarán Lynch: Just one minute now, Deputy.

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

Ciarán Lynch: Is that coming out of here or is it that your own?

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

Ciarán Lynch: To cite to it, yes.

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

Ciarán Lynch: Deputy Phelan, I will begin to commence the second round as we move on so. So the next up is Senator O'Keeffe, ten minutes.

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

Ciarán Lynch: There's a confidentiality practice here now as well that NAMA would be obliged to under legislation and you know that, Senator, as much as I do.

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

Ciarán Lynch: Well, if you're asking for names and names are confidential-----