Results 1,581-1,600 of 16,492 for speaker:Ciarán Lynch

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Okay. And on a related matter, prior to this, the NTMA were quite ... we have it here from testimony from NTMA witnesses - Mr. Somers, in particular - that they were not putting any money into Irish Nationwide Building Society whatsoever and they were not going to put money into Anglo unless there was a ministerial direction and order-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: -----signed by a Minister to do so, which ... and that was way back in 2007 those concerns were there.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Were you familiar or was the board familiar, with that the NTMA had concerns with regard to these institutions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Okay. Okay, and just while we're, kind of, at an observational level, in this period was there ... can you recall ... I'm not generalising, but specific concerns with regard to any co-operative business that you might be doing with those two institutions, Irish Nationwide Building Society and Anglo?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: During that period-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: -----of the post-guarantee period-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: -----was there ... and the kind of matters I'm relating to now, would ... can you recall specific instances at board level where it was expressed that there would be concerns in regard to doing cross-transactions with either Irish Nationwide or Anglo?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Okay, just finally, on the issue of - just one final thing - was any ... this is an entirely different, related matter, so just to allow you to get your head into that space. Was any consideration given to the fact that, during this period - this is the review plan from 2004 to 2008 now, this is - that a ... that other banks in the Irish market were also seeking double-digit growth? In your...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Only one team can actually win the cup but the policy seemed to be that everybody was going to win the cup at that time. Was there any concerns that, if everybody was to meet their target, and if EBS was to meet their target, was that actually achievable and what would the outcome of it actually be, if everybody was to grow so exponentially over a very short period of time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Okay, thank you very much. Senator Sean Barrett.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: All right, Deputy-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: -----be measured now.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Your last question, Senator, please.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Okay, thank you very much. Deputy Pearse Doherty. Deputy, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Be wrapping up this now, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Thank you, Ms Tinney. Deputy Michael McGrath.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Thank you, Deputy McGrath. I'm going to move please to a wrap-up. Do you have anything else to offer, Deputy Higgins?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Okay. With that said, I'm going to bring matters to a conclusion. Ms Tinney, I can invite you to make any closing remarks if you wish. The ... in doing so with Mr. Merriman earlier this morning, I just, kind of, revisited the sort of journey of the EBS where it started out as an institution that could help a particular type of civil servant buy a house and ended up in maybe a different...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Ciarán Lynch: Thank you, Ms Tinney. With that said, I'd like to thank you for your participation today with the committee and for your engagement with the inquiry. You're now formally excused. Just to say to members, if there's any other matters relating to what we discussed in private business this evening, I probably might take before we come back before the next public session. But I don't have...