Results 8,241-8,260 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: I will give you plenty of time, Senator. We do have discussions with regard to the preparation for lead questioners every time. The matters you have talked about were not raised at the discussions.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: No, but what you do need is to operate with the legal framework-----

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: The legal opinion comes from the Chair and is advised, and is also worked out at lead questioner sessions. Mr. Buti, in regard to the quotations Senator MacSharry used, which have been presented before the inquiry, the question with regard to the bailout is something you may have an opinion upon with regard to the deal we got and we ask you to share that with the inquiry.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: No. There will not be a series of questions; there will be one short supplementary.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: I must ask the Deputy to finish.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: The Deputy has it.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: I have given Deputy O'Donnell loads of latitude because he is over time already.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: I ask Mr. Buti to respond.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: I thank Mr. Buti. I remind members that they need to ensure that they accommodate Mr. Buti and other witnesses in the context of allowing them to answer within the time allocated. If this does not happen, we will continue to run over time. People back-loading a number of queries into their final question will not facilitate witnesses in answering.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: I thank Mr. Buti.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: I will take a final question from the Senator.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: We will move towards concluding. I invite Senators MacSharry and O'Keeffe to ask their final questions.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: I thank Mr. Buti for his participation in the inquiry today and for his very informative and valuable contribution, which has added to our understanding of the factors leading up to the crisis. I wish to put on record once again that Mr. Buti's attendance at this inquiry in his capacity as someone involved with the Commission was voluntary. I thank him for the work and preparation he has...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: Our next item is a discussion with Dr. Donal Donovan. I welcome Dr. Donovan to the meeting for a discussion on issues relating to the international, EU and domestic policy context for the banking crisis in Ireland. He is very welcome to the inquiry. Dr. Donovan holds a BA from Trinity College, Dublin and a PhD from the University of British Columbia. He is a former International Monetary...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: Thank you, Dr. Donovan. Before I bring in the lead questioners, he might deal with two issues. First, he might briefly distinguish the IMF's role from those of other international economic organisations. He might tell us why and by whom the IMF was set up. What is its purpose and who funds it?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: Just a summary, Dr. Donovan.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: I wish to ask about two matters arising from Dr. Donovan's statement. This will probably arise in questions later and I would like to get some clarity around it. In the first paragraph on page 4 of Dr. Donovan's opening statement, he states: "However, in quite candid exchanges in 2004 and 2006, Irish officials referred to "political, likely insurmountable difficulties" associated with...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: In the last paragraph of page 8 of Dr. Donovan's opening statement he states: "However, no consultation took place in 2008." In the third line of that paragraph he went on to state: "The reasons underlying this hiatus are not in the public domain." He further went on to state: "This must be considered a significant flaw." Is Dr. Donovan coming before the inquiry this morning to put matters...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: Thank you. The first questioner this morning is Deputy Joe Higgins.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Feb 2015)

Ciarán Lynch: I will call Deputy Higgins again as we wrap up.