Results 981-1,000 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Okay. Thank you. With that said, I'd like to thank Mr. Moran for his participation and for his engagement with the inquiry, to now formally excuse ... excuse you and to propose that we suspend until 16.50. Is that agreed?

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

Ciarán Lynch: 16.50.

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

Ciarán Lynch: Yes, thank you. Is that agreed? Agreed. Ten to five. Thank you.

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

Ciarán Lynch: Okay, so I now propose that we return back into public session. Is that agreed? Agreed. In doing so we will now commence session 3 of today, or 4 of today's hearings actually, with Mr. David Went, former group chief executive ILP-Permanent TSB. The Committee of Inquiry into the Banking Crisis now resuming in public session, can I ask members and those present in the public Gallery to...

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

Ciarán Lynch: I welcome you before the committee this evening, Mr. Went, and if I can ask you to make your opening remarks, please?

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

Ciarán Lynch: Thank you, Mr. Went, and thank you for taking us through your opening statement. I now invite Deputy Pearse Doherty to commence questioning. Deputy, you have 20 minutes.

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

Ciarán Lynch: Thank you very much. Deputy John Paul Phelan, 20 minutes Deputy.

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

Ciarán Lynch: -----guilty of that.

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

Ciarán Lynch: Its not the first time we've seen that, Mr. Went.

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

Ciarán Lynch: Thank you very much. I just want you ... maybe if you would clarify there, Mr. Went, just with regard to the general board composition. Did the board feel that the amount it provided for bad debts in 2006 was correct or understated and that the notes in the accounts gave the reader enough details about the potential risk involved with the commercial portfolio?

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

Ciarán Lynch: Did the board feel that the amount provided for in bad debts in 2006 was correct or understated and if the notes in the accounts gave the reader enough detail about the potential risk involved with the commercial portfolio? You were addressing this earlier?

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

Ciarán Lynch: This would be with regard to Deputy Doherty on IAS 39.

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

Ciarán Lynch: Okay. Deputy Eoghan Murphy, ten minutes.

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

Ciarán Lynch: There is phone interference, Deputy, coming near you. It's somewhere from your proximity

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

Ciarán Lynch: It is not always the person that's speaking; it's just people in proximity so I'd ask them really to deal with their phones. Sorry there now for disturbing you Deputy.

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

Ciarán Lynch: He hasn't appeared.

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

Ciarán Lynch: We were all getting -----

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

Ciarán Lynch: Yes, you can indeed. Mr. Gantly will be in here anyway.

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

Ciarán Lynch: Last question now, Deputy.

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

Ciarán Lynch: Thank you very much, Deputy Murphy. Senator Sean Barrett. Senator, ten minutes.