Results 7,881-7,900 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: I wish to wrap up with a number of matters before Professor Hardiman goes. Arising from the point Deputy Higgins has made, is it possible to introduce legislation to force the banks to implement better patterns of corporate governance? Do we need legislation in this area and would she indicate what type of legislation is necessary?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: I do not want a generalisation. If Professor Hardiman does not have specifics I will move on. Am I correct Professor Hardiman, that you have written on political funding and donations?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: Does Professor Hardiman wish to add anything further? The inquiry is not just about examining the past but also about considering the future to ensure that the mistakes of the past are not revisited on the public and the nation again.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: I thank Professor Hardiman for her participation in the inquiry. It has been a very informative and a valuable meeting which has added to our understanding of the factors leading to the banking crisis. I think it should be noted that the appearance of Professor Hardiman is the first time a woman has come before the inquiry. I propose that we suspend until 3.30 p.m., at which time we will...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: We will resume in public session. The Joint Committee of Inquiry into the Banking Crisis in now in public session for session 3, which is a public hearing with Professor Patrick Honohan to clarify oral evidence previously given to the committee. I welcome Professor Honohan, Governor of the Central Bank, to this session. Following his appearance before the committee on 15 January to discuss...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: I thank Professor Honohan. The committee would like to further discuss four or five specific issues raised in his correspondence. The opening paragraph of his letter of 12 February refers to the question: "Did the Governor have the power to issue specific directions relating to a wide range of micro-prudential policies, including credit concentration limits, during the time prior to the...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: Could that include credit concentration limits?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: Can you give us the page reference for that?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: Can you pose a question now? You are going to run out of time, Deputy.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: Please let the Governor respond.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: I am going to make an intervention here, Deputy.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: The issue of the whole engagement around the night of the guarantee will be fully explored as part of the nexus review. Some of the individuals that you have mentioned this evening may actually be physically present in this inquiry room and we could probe into those areas. The matter at hand is to seek clarification on the substance of what the Governor actually said. Was it a reference to...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: The Deputy can ask the question but he should not imply. No "surelys", just ask the question.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: Was that a clear indication?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: Sorry Deputy, if you ask your questions incorrectly, you are using up your time.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: Please do not ask a leading question because you are not helping the inquiry by doing that.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: Before moving on to Deputy Michael McGrath, I wish to round off an issue on that subject. Is the sourcing information on the potential Anglo losses material?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: Is the source of the information on the potential Anglo losses, whether it was Mr. Cardiff or whoever, material in terms of Professor Honohan's report or the information he gave to the inquiry at his last appearance before us?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: Is Professor Honohan saying the sum of money is material; not the individual?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Ciarán Lynch: Please allow the Governor to finish answering the question.