Results 8,561-8,580 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: I ask the Senator to be brief as we are out of time.

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

Ciarán Lynch: To conclude, at the start of his engagement this morning Professor Lane listed a number of policy instruments within the power of the State, whether with the Central Bank, Government or whomever, that could have lessened the exposure that was happening in Ireland. Could he rank for us in order some of those policy instruments that would have actually reduced the risk?

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

Ciarán Lynch: I thank Professor Lane for his participation today. It has been an informative and valuable meeting which has added to our understanding of the factors involved in the banking crisis in Ireland. I will now bring the meeting to a conclusion. The witness is excused. The committee is adjourned until 9.30 a.m. tomorrow.

Written Answers — Department of Social Protection: Jobseeker's Allowance Appeals (20 Jan 2015)

Ciarán Lynch: 215. To ask the Minister for Social Protection when a determination will be made in an appeal for jobseeker's allowance in respect of a person (details supplied) in County Cork; the reason for refusal. [2711/15]

Written Answers — Department of Justice and Equality: Referendum Campaigns (20 Jan 2015)

Ciarán Lynch: 336. To ask the Minister for Justice and Equality her views on holding the marriage equality referendum on 24 April 2015, as proposed by the Union of Students in Ireland, so as to facilitate students who will be undertaking examinations the following month; and if she will make a statement on the matter. [2593/15]

Written Answers — Department of Transport, Tourism and Sport: Aviation Policy (20 Jan 2015)

Ciarán Lynch: 607. To ask the Minister for Transport, Tourism and Sport when the national aviation policy will be published; and if he will make a statement on the matter. [2649/15]

Written Answers — Department of Environment, Community and Local Government: Homelessness Strategy (15 Jan 2015)

Ciarán Lynch: 226. To ask the Minister for Environment, Community and Local Government his views on correspondence (details supplied) regarding responses to the issues of homelessness; and if he will make a statement on the matter. [2005/15]

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: As we have a quorum, the Joint Committee of Inquiry into the Banking Crisis is now in public session. Today's agenda is item No.1, a discussion with Professor Patrick Honohan on the report for the Minister for Finance by the Governor of the Central Bank entitled The Irish Banking Crisis, Regulatory and Financial Stability Policy 2003 - 2008. I welcome everyone to the third public hearing of...

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: I thank the Governor. Before I begin, I will go through the lead questioners, who are Deputies O'Donnell and Michael McGrath with 20 minutes each. They then will be followed in ten-minute slots by Senator Barrett, Deputies John Paul Phelan, Eoghan Murphy and Pearse Doherty, Senator Michael D'Arcy, Deputy Higgins and Senators O'Keeffe and MacSharry. To commence proceedings and before I...

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: For the moment, can the Governor state how much it cost?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: I have just one further question before I bring in Deputy O'Donnell. On page 115 of Professor Honohan's report, in section 8.9, he refers to the crisis management manual. I understand it also was known colloquially as the Black Book.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: Professor Honohan has stated it was not employed to any significant extent during the actual crisis. Can the Governor explain to the committee what the manual was, who prepared it, what agencies were involved in the preparation and what it included?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: Professor, we are here in the public arena.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: Can the Governor give members a brief summary as to what were the actions indicated in it and why it was not used?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: Were they used?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: But the Black Book was in preparation to anticipate a crisis.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: I think it had simulated crises and other things coming down the track-----

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: -----whereas by 2007, the whole crisis actually was in full-blown swing at that stage.

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: So in terms of the documentation preparation for a crisis, is the Governor confirming to the committee this morning that the aforementioned documentation, the Black Book, was not instigated? To use the Governor's own analogy with General Eisenhower, Jack Nicklaus once said that the more he practised, the luckier he got. While the Black Book was practised, was it actually used?

Committee of Inquiry into the Banking Crisis: Context Phase (15 Jan 2015)

Ciarán Lynch: I thank the Governor.