Results 7,341-7,360 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Okay, and so lobbying may come at a particular term. Was there a push back from the banks with regard to how the valuation and the haircut was going to be ... the rate at which it was going to be set and how it was going to be applied?

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

Ciarán Lynch: And Mr. Daly, at your end was there lobbying or push-back that you'd received directly from financial institutions, from politicians or what you might call related parties with regard to how the valuation was going to be applied and the haircut?

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

Ciarán Lynch: All right. Just one other related matter to that. After the valuation had been applied and the haircut had been put in place and all the rest of it, there was an intention at the time for the Government to bring in a reform to the upward-only rent review legislation. There would have been concerns, and for a number of different reasons but one would've been that this could have an impact...

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

Ciarán Lynch: Yes, that was in your own ... So your engagement with Government, was that with Ministers or with general secretaries or Department officials? What was that?

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

Ciarán Lynch: Justice or Finance?

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

Ciarán Lynch: Justice or Finance? Which Minister?

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

Ciarán Lynch: The Minister for Finance. Okay.

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

Ciarán Lynch: The Minister. And just to clarify, in your engagements with regard to your concerns ... your concerns were not about the constitutional difficulties that may or may not arise out of the legislation. Your concerns, just so we can clarify this, were about how that legislation would impact upon the valuation book that NAMA now had.

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

Ciarán Lynch: Okay. Thank you very much. I now propose that we suspend. It has just gone 4.15 p.m. That we would resume at no later than ... will be say 4:35 p.m.? With that said, I now propose we take a break. And to remind witnesses once again that their evidence ... in giving their evidence they should not confer with any other person other than their legal team in relation to their evidence or...

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? Agreed. And the next questioner is Deputy Pearse Doherty. Deputy Doherty, you have ten minutes.

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

Ciarán Lynch: Senator Barrett, ten minutes.

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

Ciarán Lynch: Don't give me a heart attack coming up to five o'clock and indigestion for my dinner, Senator Barrett.

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

Ciarán Lynch: And I would concur with that, so I'd ask the Senator to move on.

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

Ciarán Lynch: Mr. McDonagh wouldn't be able to answer that.

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

Ciarán Lynch: It may be an important point but Mr. McDonagh will not be qualified to answer that question.

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

Ciarán Lynch: Not to be reading other people's interpretations-----

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

Ciarán Lynch: This is very repetition now. Mr. McDonagh has said-----

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

Ciarán Lynch: -----he doesn't know what the status was. It could have been the case that the guarantee was in place and they were now looking to find out what the extension of that was. The guarantee could still have been in a processing mode at that time but in fairness to Mr. McDonagh, he has been on record as saying he's not qualified to state what the status of the guarantee was at that time.

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

Ciarán Lynch: Okay, but I'm trying to avoid repetition but that point has been made over and over and I will not be asking it again.

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

Ciarán Lynch: Vol. 2? There is two books.