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Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: I might make an intervention here as well. The members of the DSG are within the terms of reference of this inquiry. Mr. Nyberg's examination is what Deputy O'Donnell wants to get to. Did Mr. Nyberg meet the members of the group? If so, did he meet them collectively or separately? It is a very simple question. I will give Deputy O'Donnell some time for this. Could Mr. Nyberg tell us...

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Sorry, Senator, I will have to just forewarn you in terms of views that you might hold. It is the report that we are referring to, so I would ask you to be moderating in any value judgment that you would be implying in your question that may be leading or may be presenting an objective bias in it.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: The Senator is raising the question of whether there were contrarian views.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: I did.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: The Senator has some time remaining. Does he have any other question he wants to raise?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Okay. I call Deputy Kieran O'Donnell.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Regarding the-----

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: What was the composition of the group? Was the Department of Finance involved? What Departments were represented in the composition of the group?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Yes.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Will Mr. Nyberg clarify that? Is that prior to the guarantee period or prior to the bail-out programme?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: In layman's terms, a liquidity crisis is when a bank needs cash flow and an insolvency crisis is when the bank cannot meet its liabilities. To move that question on, in September 2008, the guarantee took place in this country. Having Mr. Nyberg's assessment of the situation - and his commission was very much concerned with examining the issue of liquidity and insolvency in the Irish banks -...

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Mr. Nyberg is referencing his analysis of the situation to the context of 2008 and the view then. To what extent, and with regard to the subsequent information Mr. Nyberg has had regarding the Irish banking sector since his report, has his assessment of the situation changed?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Ciarán Lynch: Thank you, Mr. Nyberg, for your opening address. Before I invite the two lead speakers this morning I will set the scene following Mr. Nyberg's concluding comments. A key finding of your report was that a banking solvency crisis was seen for far too long as a liquidity crisis. Will you expand on what this means, bearing in mind we have a public audience which may not be as informed about...

Written Answers — Department of Justice and Equality: Rights of the Child (17 Dec 2014)

Ciarán Lynch: 113. To ask the Minister for Justice and Equality her views on concerns that the Children and Family Relationships Bill 2014 commodifies children, undermines the right of a child to a mother and father whenever possible, and deliberately disrupts the natural ties between parents and children; and if she will make a statement on the matter. [48564/14]

Written Answers — Department of Social Protection: Invalidity Pension Appeals (11 Dec 2014)

Ciarán Lynch: 42. To ask the Minister for Social Protection when a determination will be made in an appeal for invalidity benefit in respect of a person (details supplied) in County Cork; and if she will make a statement on the matter. [47533/14]

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2014
Vote 12 - Superannuation and Retired Allowances (Supplementary)
Vote 17 - Public Appointments Service (Supplementary)
(9 Dec 2014)

Ciarán Lynch: ----- but at the end of the-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2014
Vote 12 - Superannuation and Retired Allowances (Supplementary)
Vote 17 - Public Appointments Service (Supplementary)
(9 Dec 2014)

Ciarán Lynch: The Minister has-----

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2014
Vote 12 - Superannuation and Retired Allowances (Supplementary)
Vote 17 - Public Appointments Service (Supplementary)
(9 Dec 2014)

Ciarán Lynch: The Minister and Deputy Fleming should note we are trying to consider these two Votes.

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Public Expenditure and Reform: Estimates for Public Services 2014
Vote 12 - Superannuation and Retired Allowances (Supplementary)
Vote 17 - Public Appointments Service (Supplementary)
(9 Dec 2014)

Ciarán Lynch: We are going way beyond that and we have questions to ask the Minister on these two Votes. The Deputy has asked some questions and has he more questions to ask?

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