Results 7,441-7,460 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: The consumer price index was at 30%. If one divides 30% into 240%, or into 120% by the witness's reckoning, one still comes out with percentages that do not really match. They are severalfold what they are.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: One of Professor Nyberg's reports talks about the bonus culture and incentivisation that took place in the financial and banking sector. Mr. Moran explained earlier how the valuation model works. Are fees for estate agents, valuers and agencies like Jones Lang LaSalle derived from a percentage of the overall sale?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: So, for example, if the site sells for €1,000 and the agency is on 1%, then the agency gets €10. Is it still a percentage driven industry?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Are there bonuses on top of the fees?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Senator D'Arcy mentioned the Irish Glass Bottle site earlier. Is there a bonus for sales people, if they were to "land a whale" like that, as they say in Las Vegas?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I wish to ask the witness about the broader regulation of the industry. Is the regulatory structure representative of the regulator and the representative body - both sides of the house in the one organisation?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: That is okay. Who regulates or who gives oversight and monitoring to the industry?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Is there a potential for conflict of interest there or not?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Mr. Moran is already into the space of final comment on policy recommendations for the future. This can refer to both broader recommendations and for the sector. Does Mr. Moran have anything to add in that regard?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: On valuation, should it be regulated or should regulation be put in place by the Central Bank?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: With regard to a property professional in the Central Bank, is that someone who-----
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I will bring this morning's proceedings to a conclusion. The meeting with Mr. Moran has been very valuable and informative and has assisted the committee's understanding of factors leading up to the crisis. I also thank him for his co-operation and assistance with matters earlier this morning and for his flexibility in that regard. We are running late so we will suspend and return at 12.25 p.m.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: We are now in public session. The second session of today's hearings is a discussion with Ms Marie Hunt of CBRE. We are focusing on issues related to the nature and functioning of the commercial real estate market in the period prior to 2008 in the context of the banking crisis in Ireland. I welcome Ms Hunt. CBRE group is the world's largest commercial real estate service and investment...
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I thank Ms Hunt for her opening statement. I will get matters under way immediately and invite Deputy Pearse Doherty to lead off. The Deputy has 15 minutes.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I will just reframe it. Ms Hunt was valuing assets with regard to prospective purchases. Those purchases had a final price afterwards. Was there a comparative analysis done between the valuation price of the asset and the sale price of the asset of property to determine the accuracy of the valuations?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Are they below value or above value, or on value?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: The Senator will have to allow the witness to answer.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: I do not think Ms Hunt left out the information about tax breaks. If the Senator wants to ask her questions about tax breaks, he can do that.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: Is it a unique phenomenon that the developer of a shopping centre would then become the landlord as opposed to developing it and selling it on?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Ciarán Lynch: In the European context-----