Results 7,941-7,960 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: Was there any sense that the protocols to draw down the funds were becoming more lax? Was that being discussed by-----
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: Was there any sense that the protocols to draw down these funds were becoming more lax? Was there any comment to suggest it was easier to get money than, say, last year or that it might have been tougher to get €50 million two years ago but now it seems easier, or that it was significantly easier to get large sums of money from one bank?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: In each case when securitised loans were made did the examination become stricter, more lax or did it remain the same?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: Can Mr. Carswell give an example?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: I thank Mr. Carswell. I propose we take a brief recess and return at 6.45 p.m. Is that agreed? Agreed.
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: We are back in public session. We will continue our engagement with Mr. Carswell. The next questioner is Senator Marc MacSharry.
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: In Professor Nyberg's engagement here with the inquiry he presented some views that freedom of information legislation limits the sort of record keeping that might be there in examining issues like this. Does Mr. Carswell have a view in regard to that in so far as officials or other people are reluctant to keep records?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: In chapter 8 of Anglo RepublicMr. Carswell discusses the domestic standing group which is one of the agencies that is one of the terms of reference of this inquiry and he mentions its role in a national contingency plan. He also mentions a presentation that took place on 7 February 2008 at the Department of Finance at which he suggests legislation was drafted empowering the Minister for...
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: That was seven months before the guarantee. By Mr. Carswell's examination, was this a modelling exercise or was this in preparation for a concern?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: Did the nature and design of the guarantee have any relationship with the country entering a bailout programme two years and two months later?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: Prior to the entry into the bailout programme, Irish banks were receiving emergency liquidity assistance, ELA. Does Mr. Carswell understand the criteria on which ELA is provided?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: Does Mr. Carswell believe that the banks were meeting the criteria two years after the guarantee to qualify for ELA?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: Beyond that two-year funding cliff, would the criteria for ELA have still stood or would something else have been required?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: In that the guarantee was going to expire within a two-year period and this was going to change the nature of how the banks were now capitalised and funded. The requirement for ELA was on the basis of what was in place for the two years following the guarantee. Would the nature of the banks' capitalisation and liquidity requirements still have meant that they were inside the requirements...
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: I suppose what I am asking Mr. Carswell is whether the ELA could have continued on indefinitely.
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: Yes.
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: A final question for Mr. Carswell. Is he aware of any independent study or empirical evidence to suggest that nexus relations are any more or less pronounced here in Ireland and what, if any, are the effective means of controlling such relationships for the public good? Has Mr. Carswell any other final comment he might like to add?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: I thank Mr. Carswell. I call Senators D'Arcy and Barrett, after which we will conclude.
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: The Senator should switch off his mobile telephone.
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Ciarán Lynch: How much was raised? Mr. Carswell has answered it - he does not know.