Results 8,161-8,180 of 16,492 for speaker:Ciarán Lynch
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: The Deputy is out of time.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: You are not to, although you can name institutions.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: I advise Professor Connor to be mindful. In the nexus phase, we will deal specifically with individuals from the financial institutions. I would not advise him to name individuals, but he can base his response on evidence in terms of behaviour and attitudes in the banks.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Deputy, you are moving into individual territory and also into matters that might be the subject of a criminal investigation, so I will pull you back from that area and ask you to change your line of questioning.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: The Deputy is over time. Will he put his question?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: I want to move on to deal with a couple of matters. In Professor Connor's deliberations today he spoke about net foreign borrowings and the proposal that Irish banks should have contained or limited these at that time; I assume that in terms of a recommendation he would be making that going into the future as well. Could Professor Connor explain to the committee how that can happen, given...
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: That is not the question I am asking Professor Connor. I am asking him whether this can actually be done under existing European law?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Professor Connor spoke at length this morning about illiquidity and solvency. In general terms, in any given country or at any given time, should a Central Bank and a financial regulator be cognisant of the solvency of the banks under its remit? Should that be part of its day-to-day job?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Was that behaviour visible during the crisis period?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: I want to touch back upon the issue of ELA because this has been referred to by a number of different witnesses so far. Was ELA provided to the Irish banks after the guarantee?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Given Professor Connor's comments this morning that two of those banks were insolvent prior to the guarantee - one would then assume that they remained insolvent after the guarantee - how was it that the ECB was able to provide ELA? The rules of ELA are very clear with regard to solvency; money cannot be given to insolvent banks.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Can Professor Connor expand upon that? Did the provision of ELA after the guarantee reflect the structure of ELA's intended use?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Was the provision of ELA after the guarantee in line with its intended use?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Does that mean that ELA was being provided to banks that were insolvent?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: What was the consequence of the provision of ELA to insolvent banks at the end of the guarantee period, two years and two months later?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Did this have any relationship with Ireland entering a bailout programme two years later?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: I need to put on the record that these are matters that may be subject to a criminal investigation and cannot be dealt with by this inquiry. I will give the Senator some leverage to ask a different question or else we will move on.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: I thank Professor Connor for his participation today. It has been a very informative and very valuable meeting which has added to our understanding of the factors leading to the banking crisis.
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: I welcome Professor Eamonn Walsh, UCD, to discuss the regulatory and supervisory policies, systems and practices which may have underpinned the banking crisis in Ireland and, in particular, accountancy standards and auditing. Professor Eamonn Walsh is PwC professor of accounting at UCD. He has served as Dean of the Smurfit School of Business and chairman of the accounting department. Prior...
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Ciarán Lynch: Thank you Professor Walsh. In order to set the scene, can you outline briefly the types of public reporting the banks engage in as part of their day-to-day work, publicly and internally, such as annual reports?