Results 941-960 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: So we are definitely correct in that regard.

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

Ciarán Lynch: So it is not licence for Mr. Moran to say whatever he wishes.

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

Ciarán Lynch: Indeed, indeed. I just wanted to clarify that, Deputy McGrath. Back to yourself, John ... Deputy Phelan.

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

Ciarán Lynch: You'll get immunity there.

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

Ciarán Lynch: Thank you very much, Deputy. Now, Deputy Kieran O'Donnell. Deputy, ten minutes.

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

Ciarán Lynch: I have to advise confidentiality here now as well, Mr. Moran - of customer confidentiality. Be mindful of that, please.

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

Ciarán Lynch: We've two minutes now, Deputy.

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

Ciarán Lynch: Last question, Deputy.

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

Ciarán Lynch: You are just running out of time. That's all.

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

Ciarán Lynch: You don't have time to talk so ask the question please?

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

Ciarán Lynch: I will wrap things up and then I'll finish up myself, on this occasion. Deputy Murphy, please, three minutes.

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

Ciarán Lynch: Thank you very much. Senator Barrett.

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

Ciarán Lynch: I just want to wrap up with a few matters there and just a couple of issues that were touched upon this afternoon maybe just so we can conclude with some further clarification upon them, Mr. Moran. I just want to return back to the interest roll-up figure again, €3 billion for Anglo, and your earlier testimony saying that you really didn't have an awareness on this until the core...

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

Ciarán Lynch: Okay, fine.

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

Ciarán Lynch: All right. In your opening statement, you do state, though, that the financial function ... or that a function of yours was responsibility for financial reporting and management accounting. Am I correct in that? That was in your opening statement, yes?

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

Ciarán Lynch: In simple terms, interest rates is the lifeblood of profitability within a bank. That's where the money gets made. Would I be correct in that regard?

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

Ciarán Lynch: Yes, the charging of interest. It's as old as time. This is how banks make money.

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

Ciarán Lynch: That's the oldest part of the banking model. Would I be correct there?

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

Ciarán Lynch: Okay. So, in that regard, how could you not have been aware of these numbers when interest margin is a key component of the bank's income?

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

Ciarán Lynch: But you have all this money out. You're not getting any income from it.