Results 8,501-8,520 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Yes, and the terms of reference of the inquiry.

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

Ciarán Lynch: As long as they remain within the terms of reference of the inquiry.

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

Ciarán Lynch: I will give you the time.

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

Ciarán Lynch: Deputy O'Donnell is pushing a question that is leading towards subjective and hypothetical thinking. If the Deputy could move to the real substance of Mr. Regling's report I will give him another half a minute to ask a question to which he can get an answer.

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

Ciarán Lynch: Please ask a question, Senator. You have two minutes left.

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

Ciarán Lynch: You are out of time, Senator.

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

Ciarán Lynch: No, you are over time.

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

Ciarán Lynch: Deputy Doherty is well over time at this stage. He has had almost eight minutes.

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

Ciarán Lynch: Can I expand on what Deputy McGrath has raised with Mr. Regling? Was the bonus culture in the banks at the time, which existed both at senior management and middle management level, particularly targeted at the property sector and lending into the property sector?

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

Ciarán Lynch: Is it your judgment that the banks were incentivising growth in property and in property lending?

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

Ciarán Lynch: Third, and this is my last question before I move on to the next questioner, was middle management incentivisation through bonuses particularly unique to Ireland or was that a practice mirrored in other regions across the eurozone?

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

Ciarán Lynch: Thank you. The next questioner is Deputy John Paul Phelan and he has six minutes.

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

Ciarán Lynch: I call Deputy Eoghan Murphy who has six minutes.

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

Ciarán Lynch: I call Senator Barrett.

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

Ciarán Lynch: ELA refers to emergency liquidity funding.

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

Ciarán Lynch: Sorry, Senator, can you ask a question please?

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

Ciarán Lynch: Sorry, Senator, excuse me----

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

Ciarán Lynch: Before Mr. Regling responds to that, Senator, please, when I make an intervention, you stop speaking. You cannot make a suggestion as to what was happening in Frankfurt by your judgement, otherwise this is not an inquiry, it is just a regular meeting of the committee. If you want to put the question to Mr. Regling whether there were mistakes made in Frankfurt, off you go, but please do not...

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

Ciarán Lynch: I will have to push the Deputy to the question.

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

Ciarán Lynch: To wrap up, I wish to touch on three things. One of the items is what Deputy Higgins was just indicating to Mr. Regling. On the issue of regulation, Mr. Regling used the term "light touch" earlier. Was light touch regulation, in his opinion, a result of policy or a result of pressure coming from the financial institutions? Which was the main driver of light touch regulation?