Results 13,141-13,160 of 16,492 for speaker:Ciarán Lynch

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: The Senator should put his questions now.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Is the Senator just making a few comments?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Instead of compositing a number of speakers and questions together, we are on the third round of questions so I will assign six minutes per questioner. Deputy Peter Mathews, Senator Paul Coghlan and Deputy Kieran O'Donnell can use the six minutes to speak or to ask questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Excuse me, one second-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: The Senator has a couple of minutes left. Does she want to ask about the MARS process or does she want to move on to a different topic?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: The Senator is asking too many questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: She has just a couple of minutes, so she should be focused.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Is Mr. Dukes now of the view that property is arriving at its real value as opposed to still being undervalued?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I did not ask if we had reached the bottom. I asked if we are approaching its real value, which is different.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I can give Mr. Dukes a typical example. A standard three bedroom house is worth somewhere between three to four times the average industrial wage. That is what good lending practice is based on.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: There we go. We are talking about between three-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: It is, according to the Central Bank, because it issued a report in 2009 stating this is what lending practice should be. The question Deputy Twomey asked, and to which we would like to hear the answer, because it reflects IBRC's property book, is whether we are approaching real value in the property market.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: In the residential property market-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I agree with Mr. Dukes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: We have just under five minutes left.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: The timeslots are shrinking, so Deputy Twomey has ten minutes.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: The Deputy has four minutes left.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Is this the Deputy's last question?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: In future I ask members to ask questions back and forth because if they ask five or six questions in a row it is impossible for the journalists to follow it; it is impossible for me to follow it and it is impossible for me to ensure members get responses. I ask the Deputy to break his questions down into sections.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: No. What happens is that it just runs down the clock and in the time remaining the Deputy's questions might or might not get answered.