Results 12,521-12,540 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I thank Mr. Joe Walsh and Mr. Tom Considine for coming before the committee this morning to deal with the Bank of Ireland module of the public interest director module with which the committee is dealing. I appreciate their coming before the committee and giving of their time. From what I have gathered, this is the first opportunity they have been given since their appointment in January...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: Mr. Walsh’s good wishes are kindly received.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I will ask Mr. Walsh to reply, then we will hear Mr. Considine and Deputy Shane Ross.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: Time is limited.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: Would Deputy O'Donnell please stop interjecting and let the witnesses answer his questions because he is not allowing them to do so?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: The Deputy has six minutes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I missed the answer to the question. He has not stood for election.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: Deputy Dooley should realise that what is outrageous is coming in here for the last couple of minutes of the meeting to comment. We have been here since 9.30 a.m.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: The Deputy is not listed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: He was here at 9.30 a.m.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: Deputy Ross is in possession.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: If Deputy Dooley persists with this, I will ask him to leave. Deputy Ross is in possession.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: Half of residential properties are not subject to mortgage but we are speaking about people who are in distress.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I want you to talk about your role. Stop talking about the bank and the general industry. I want you to talk about your role as a public interest director.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: Yes, and we will. Please, Mr. Considine, stop stonewalling the committee and tell us what you are going to do in this instance as a public interest director. I apologise but I must push this question on behalf of the committee.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I will give the public interest directors an opportunity to answer this question. If they fail to do so, we will move on, but it will be acknowledged that they failed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I am going to make an intervention here because, unfortunately, this is reflecting a similar situation we had with Bank of Ireland when the bank's representatives appeared before us. Deputy Donnelly is not asking about blanket forgiveness. He is asking that on a case-by-case basis, in situations where people cannot meet the full sum of their mortgage, with regard to any forbearance that can...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I am not interested in the board. I am interested in Mr. Considine's role as a public interest director and what he is going to do. You are not going to stonewall this committee. What are you doing, as a public interest director, on this matter? Do not talk to me about the board or the CEO. Tell me what you are doing on this matter, as a public interest director, and stop stonewalling...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: I can read out the rules of what a non-executive director is. I will read them to you, if you give me one moment. "A non-executive director is a director who does not have a contract of service with the company and normally serves the company on a part-time basis." Your role is that you were not actually elected to the board; you were appointed by the Minister of the day and have been...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)

Ciarán Lynch: We must conclude this session by noon because AIB is coming in at 12.30 p.m. and those of us who have been present since 9.30 a.m. this morning will need a break. I will allocate strictly five minutes to each of the remaining speakers which will bring us up to noon.