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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: That is a matter for the Fine Gael Party. If Deputy Mathews wishes to speak first or second he must raise the issue with his party. I will not deal with the matter. I do not accept the criticism. It is for the Deputy’s party to decide who gets prioritised within the party.

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 Mathews has approximately half a minute remaining and he has not asked a question.

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 Mathews must wrap up and summarise his question please.

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 Mathews has not asked one question.

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 out of time. He can respond to the question and then we will move on to Deputy Donnelly.

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 Deputy Mathews and call Deputy Donnelly.

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 need a response to the Deputy's question rather than commentary. I will then call the next speaker.

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 Mr. Considine the opportunity to make that point when he is wrapping up. He is now responding to Deputy Boyd Barrett.

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 call Deputy Spring.

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: Please, Deputy Doherty. I have afforded you more than eight 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: With respect, Mr. Walsh and Mr. Considine are mirroring the behaviour of their chief executive officer at a meeting of this committee a month ago in terms of his pleading the fifth and stating he was operating in the bank's interests. Mr. Walsh and Mr. Considine are not even responding to questions this morning. I ask Mr. Walsh to respond to Deputy Doherty's question.

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: There is a specific question before Mr. Walsh. By way of clarification, I was correcting Deputy Doherty's use of language, not the question, which is valid. The bank provided information to the Minister for Finance which was incorrect. As a former Minister who has answered parliamentary questions, Mr. Walsh will know the significance of putting an answer on the record. Deputy Doherty has...

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: Is the Deputy also directing that question to Mr. Considine?

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 must ask the Deputy to conclude as he is five minutes over time.

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 must interrupt. The Deputy used the word "lied". He should use words such as "untruth", "disingenuous" or something similar. May I ask the Deputy to correct that?

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 ask the Deputy to correct his remark as I do not wish to suspend the sitting.

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 respect that view.

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 Fleming must be brief because he is over time.

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 have a final question. A number of measures have been put in place, both by the current Administration and the previous one, concerning banks engaging with small and medium enterprises and distressed mortgages. In his role, I am sure that Mr. Walsh is familiar with the level of despair that currently exists both in the business and residential sectors. On any occasion at board level, has...

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: Thank you very much, Mr. Considine. I call Deputy Fleming.

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