Results 8,441-8,460 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: If you have a supplementary-----

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: You may not, because we may run out of time. Mr. Nava has to be gone by 2.20 p.m.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: As we move to concluding, Mr. Nava may have some final comments he wishes to add. I want to deal with a couple of matters. I am not too sure if we have a matter concretised. In regard to the credit concentration limits which are coming down the track and on which the Commission is currently working, is there a recommendation on what banks have to have in terms of credit concentrations?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: The reason I am pinning you down on this is that this is an issue which this inquiry has been looking at and will continue to look at. In 1996 the Central Bank in Ireland, in its winter bulletin, gave very clear recommendations to specialist areas with regard to sectoral credit limits. By the early 2000s, it looked as though, particularly with the testimony which has come before this...

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: We began with a football analogy and you introduced the football team Glasgow Celtic. Glasgow Rangers got itself into trouble because it obeyed some very basic accountancy rules in running a football club and ended up getting itself regulated into a new league. We have a situation where, because a football club becomes insolvent, a very measurable outcome happens. This is football. Bill...

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: To conclude, I can appreciate that your new rules would have the expectation that you would have less of the behaviour that causes banks to crash and that may result in fewer penalties. Maybe I am misinterpreting what you are saying. Are you saying that the Commission is not looking at increasing the tariff, which is the penalty in terms of moving from a fine to a criminal sanction? Is...

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: Thank you, Mr. Nava. Is there anything further you wish to add or have you concluded?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Ciarán Lynch: I thank Mr. Nava for his participation at this inquiry and I thank the European Commission for co-operating and engaging with the inquiry's hearings. I know Mr. Marco Buti will attend in a few weeks. Again, on behalf of all the members of the committee, I thank Mr. Nava for his valuable, informative and detailed engagement with the committee.

Written Answers — Department of Education and Skills: Third Level Institutions (4 Feb 2015)

Ciarán Lynch: 143. To ask the Minister for Education and Skills further to Parliamentary Question No. 797 of 14 January 2015 if, now that the study into pay scales at the Tyndall Institute in University College Cork has been completed, she will consider the payment of salaries, as recommended by the Labour Court; and if she will make a statement on the matter. [5044/15]

Written Answers — Department of Transport, Tourism and Sport: Sports Capital Programme Eligibility (3 Feb 2015)

Ciarán Lynch: 635. To ask the Minister for Transport, Tourism and Sport if the sports grant scheme is available to a scout troop; if not, the equivalent capital grant system that is in place to assist the work of a local troop with capital projects; and if he will make a statement on the matter. [4827/15]

Written Answers — Department of Health: Medicinal Products Availability (29 Jan 2015)

Ciarán Lynch: 151. To ask the Minister for Health if the drug Fampyra, used to treat multiple sclerosis sufferers, will be made available to a person (details supplied) in County Cork under the medical card scheme, or the drugs payment scheme; and if he will make a statement on the matter. [4227/15]

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Ciarán Lynch: I welcome Professor Edward Kane to the meeting. He managed to escape from the United States of America notwithstanding the inclement weather.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Ciarán Lynch: We hope we can guarantee the professor's safety here this morning also.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Ciarán Lynch: With members' agreement, I now bring the Joint Committee of Inquiry into the Banking Crisis into public session. We commence this morning with public hearings with Professor Edward Kane of Boston College on banking and banking regulation. I welcome everyone to the sixth public hearing of the joint committee. We will hear from Professor Kane on banking and bank regulation. Professor Kane...

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Ciarán Lynch: I thank Professor Kane for his opening comments. The order of members engaging today will be Deputy Michael McGrath leading with 15 minutes, followed by Deputy Eoghan Murphy for 15 minutes, and then, in six minute slots, Senator Seán D. Barrett, Deputy Kieran O'Donnell, Senator Marc MacSharry, Senator Susan O'Keeffe, Deputy Joe O'Higgins, Deputy Pearse Doherty, Deputy John Paul Phelan...

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Ciarán Lynch: As opposed to an income rating scheme.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Ciarán Lynch: These proceedings are broadcast live and members of the public will not be as familiar with financial discourse as are witnesses such as Professor Kane. Therefore, could he describe to the inquiry what is meant by equity capital in banking terms and what is meant by capital adequacy requirements?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Ciarán Lynch: In his research paper, Professor Kane stressed how the amount of equity capital recorded on a bank's balance sheet is not necessarily a good indicator of its health. Professor Kane indicates this in his most recent comment. In a recent paper of his, he states that the idea that capital requirements can serve as a stabilisation tool is based on the presumption that, other things being equal,...

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Ciarán Lynch: In terms of gate-keeping, one gate-keeping measure is the role of auditors and, particularly so, external auditors. What role would Professor Kane assign to external auditors when considering his opinion that equity capital accounting systems are not simple or reliable?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Ciarán Lynch: Professor Kane was referring to AIB not Anglo Irish Bank.