Results 8,481-8,500 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Professor Kane has answered. I am not going into a speculative discussion on what may or may not happen. The professor has said there is an exposure there if there was a run and that ultimately in terms of his testimony this morning, it is about the taxpayer across Europe picking it up, or in the term I prefer to use "citizens" rather than "taxpayers".

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

Ciarán Lynch: That is speculative. I am concluding. I thank Professor Kane for coming before the committee. In his testimony this morning he did something which is useful to the inquiry. It is not just about looking at the past, but also about ensuring there are safeguards into the future as Deputy O'Donnell just alluded to. In his opening statement, Professor Kane said he was very conscious about...

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

Ciarán Lynch: I thank Professor Kane for coming before the inquiry and for his participation. It has been a very informative and valuable meeting which has added to this committee's understanding of the factors leading to the banking crisis and possible considerations as to how risk could be minimised in the future.

Written Answers — Department of Health: Medical Card Applications (22 Jan 2015)

Ciarán Lynch: 133. To ask the Minister for Health when a determination will be made on a medical card application in respect of a person (details supplied) in County Cork; and if he will make a statement on the matter. [3086/15]

Written Answers — Department of Health: Medical Card Applications (22 Jan 2015)

Ciarán Lynch: 134. To ask the Minister for Health when a determination will be made on a medical card application in respect of a person (details supplied) in County Cork; and if he will make a statement on the matter. [3087/15]

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: The Joint Committee of Inquiry into the Banking Crisis is now in public session. I welcome everyone present to the fourth public hearing of the joint committee. There will be two distinct parts to today's proceedings. Later, we will hear from Professor Philip Lane of Trinity College, Dublin, on the banking crisis and economic and monetary union but first we will hear from Mr. Klaus Regling...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: Does Mr. Regling have his mobile phone switched on? There is distortion in the sound emanating from the microphone.

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: I thank Mr. Regling.

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: I thank Mr. Regling. I shall list the questioners in order. Senator Susan O'Keeffe, as lead spokesperson, will have 15 minutes and she will be followed by Senator Marc MacSharry who will also have 15 minutes. They will be followed by rounds lasting six minutes each for the following: Deputy Kieran O'Donnell; Senator Michael D'Arcy; Deputy Pearse Doherty; Deputy Michael McGrath; Deputy John...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: What actions were taken in other jurisdictions that were not taken in Ireland?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: That brings me to my next question before I call Senator O'Keeffe. How would Mr. Regling characterise the relationship between the banks on the one hand and the regulator-supervisor's governance structure - that is, the Financial Regulator's office and the Central Bank - on the other hand, in the years leading up to the crisis?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: Was there something unique about the relationship between the banks, the regulator and Central Bank system in Ireland that one did not see in other jurisdictions?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: To round off on Senator O'Keeffe's questions for Mr. Regling, did the analysis of the model that was actually in place in the lead-up to the crisis, be it domestic or international but particularly domestic, involve a description of the culture as self-regulatory in the belief the industry would actually regulate itself without intrusion?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: "Light touch" is a phrase that is out there. For people who are viewing the proceedings, is "light touch" ultimately self-regulation?

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: The banks regulating themselves.

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: I thank Mr. Regling.

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: I issued a warning before the meeting with regard to Mr. Regling and the remit of his appearance today. He was informed as to the content of this meeting and what he could prepare for. If he feels that a question is outside the realm of what he has prepared for, he is free not to answer.

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: Senator, I am going to make an intervention here and I will move onto the next question. Mr. Regling is here to deal with his report and matters relating to it. It is not the case that when we have a witness here we can talk to him or her about whatever we want. There are very clear rules. This committee has particular procedures to which it must adhere. My role as Chairman is to allow...

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: Move on to the next question.

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Ciarán Lynch: You do, and those 15 minutes will be given in the questions. I will give you back the time taken by my intervention.