Results 8,681-8,700 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: You came all the way from another continent.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: I thank Senator MacSharry. At the beginning of his contribution he mentioned the cost of the banking crisis and the engagement between the Central Bank and the Department of Finance. Given that the cost of the banking crisis ended up affecting the fiscal position of the State and, as we know, the day-to-day lives of Irish citizens, what is Mr. Wright's assessment of the ability of the...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: A final question, Deputy.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: It is following on from Deputy McGrath's question, which was about the regulatory framework and the fact that the Department of Finance does have a regulatory aspect to it in that it can put in place taxation policies that influence behaviour in the market. How does Mr. Wright think the banks themselves viewed the broader regulatory structure, whether it was the Central Bank, the regulator's...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: What were the concerns?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: The Department of Finance has a regulatory position in that it can influence taxation codes that put in check behaviour in the economy and so forth. How does Mr. Wright think the banks were viewing the authorities, the regulators who were watching over them including the Central Bank, the Financial Regulator and the Department? What does Mr. Wright think the banks' perception of the...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: I would remind Deputy Michael McGrath that when he states "to my mind", it is a judgment. He should just ask the question.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: The Deputy should just state the fact.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: The Deputy cannot make the judgment.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: I must interject. The Deputy cannot lead witnesses by putting vocabulary into their mouths in the questioning. Everybody must be given a fair outing. The Deputy can put a question but should not lead a witness by trying to put words into his mouth.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: Deputy, put your question. You have asked two or three questions. I need to afford Mr. Wright time to respond, in fairness.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: Before you respond, I ask that Deputies confine their questions to one or two conjoined at a time. Mr. Wright is answering six or seven questions and does not have sufficient time within the member's slot to answer. I ask members to be disciplined in their questions.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: The clock has stopped while I have been talking. Let me be clear-----

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: You are speaking on my time, Deputy, because the clock has stopped. I will be very clear. Deputies need to be very measured in the time allowed to afford witnesses appropriate time to answer in the time allotted to them.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: Deputy, can you ask the question rather than make the judgment?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: Will the Deputy ask a question, as he is now over his time. I ask him to remove any prejudgement when framing the question.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: I thank Senator D'Arcy. Following on from Senator D'Arcy's question and referencing it to what Deputy John Paul Phelan stated earlier, in the graph, on page 22 of Mr. Wright's report, which shows the differences between the positions advocated in June and the outcomes in December, and Mr. Wright's graphs run between 1999 and 2008, at which period during that time should the red button have...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: In what way would they have dealt with it?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: I seek clarification on something Mr. Wright stated before the committee suspended. He referred to good staff in the Department of Finance and from the Bank of Ireland. In that context, I assume, when Mr. Wright is talking about the Bank of Ireland, he is talking about the Central Bank.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Ciarán Lynch: It is the Central Bank Mr. Wright is talking about. I thank Mr. Wright. That said, I call Deputy Higgins who has ten minutes.