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Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: -----just to seek the record, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Deputy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: I'm going to move to wrapping things up. Deputy Kieran O'Donnell, you have three minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Mr. Fitzgerald. Different soldier, Deputy. You're all right.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Careful.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Please move on.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: A question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Conclude now, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Thank you, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Deputy Joe Higgins.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: A question, not conclusion.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Thank you, Deputy. I am going to move things to wrapping up and in final conclusion I'll ask yourself, Mr. McGann, if you want to make anything by means of final comment or contribution and maybe just to, kind of, assist you into that area, you were speaking earlier, I think with both Deputy O'Donnell and Deputy Higgins, in regard to the bonus culture, or the bonus structure in Anglo Irish...

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: So, that is in theory; in practice, did it help or hinder?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Okay, Mr. McGann, in terms of your own engagement here with the inquiry this morning and as Deputy Higgins referred to you as a very well-established capitalist. Coming from a very well-established socialist, I don't know how that balances itself out but do you, kind of, take the comment anyway? As one of Ireland's leading businessmen, do you feel that your business experience enabled to you...

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Did your general business experience translate into you having sufficient skills to carry out your role as a bank director during your time with Anglo?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: And in that regard, do you consider your decision to join Anglo to have been a mistake or a good decision?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: And in your own regard, what was your personal responsibility for its ultimate failure?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Thank you, Mr. McGann. I'm going to bring matters to a close. Is there anything further that you would like to add by means of suggestions going into the future or any other comment that you would like to make, Mr. McGann?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: Thank you. With that said, I'd like to thank you for your participation with the inquiry today and for your engagement with it. You're now formally excused. I propose that we suspend for just about an hour and to return at 2.30 p.m., if that's agreed. Is that agreed? Agreed.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Ciarán Lynch: We will resume in public session. Is that agreed? Agreed. We’ll now move on to session 3 of today’s public hearings with Mr. Matt Moran, former finance director, Anglo Irish Bank. The Committee of Inquiry into the Banking Crisis is now resuming in public session and can I ask members and those in the public Gallery to ensure that their mobile devices are please switched off,...

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