Results 1,621-1,640 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: What options did you and Government colleagues and/or advisers discuss and what were the main influencing factors to nationalise Anglo and not recapitalise in January 2009?

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

Ciarán Lynch: We can return after the break ... sure.

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

Ciarán Lynch: And sure-----

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

Ciarán Lynch: I can indeed and I'll bring you in in a second there, Ms. Harney. And I can certainly take that on board, that Mr. Ryan was far more intimate with these matters than you would have been. But the question would be to yourself, Mr. Gormley. To your information, what was being presented to you, what did you consider the options to be and what advices were you partaking in? I know Mr. Ryan...

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

Ciarán Lynch: No, I'm talking about the issue to nationalise Anglo and not recapitalise it in January 2009.

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

Ciarán Lynch: Ms Harney?

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

Ciarán Lynch: Okay. And if I can maybe just come back to what I was speaking to yourself Ms Harney, just give me one moment there and I'll deal with it. It's in regard to, yes ... I'll just bring up some documentation ... this is just a reflection of a series of correspondence that took place between yourself and then Minister for Finance, Charlie McCreevy. And the question kind of relates to the...

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

Ciarán Lynch: The kind of a narrative I just want to establish around that because ... one of ... I'd be in the Parliament when you were there yourself, as a Minister, and the one thing I admired about you was you seem to almost have a photographic memory. I might be incorrect in that regard but the way that you can kind of quote back the figures-----

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

Ciarán Lynch: I ... I don't suffer from the same thing ... or I don't actually have it, I suffer from the quite the opposite because I'm misnaming members of this committee at times and all the rest of it. But I tend to recall that there was a ... maybe a conflict might be too strong a word, but there seemed to have been a strong position coming from your Department and a strong position coming from...

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

Ciarán Lynch: Well the broader matter.

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

Ciarán Lynch: Okay. I just want to conclude with this matter ... sorry, yes, sure, Mr. Gormley.

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

Ciarán Lynch: Okay, we might come back. Just, finally, I want to deal with two other matters. And if the whole story was a movie, the two big scenes in it would be the night of the guarantee and the entry into the bailout programme, but life isn't like that. It doesn't have big moments, it's a series of events that maybe have significant events actually through it. So can I maybe ... this is a question...

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

Ciarán Lynch: Did the structure or design of the bank guarantee, along with its period of duration, have any bearing on the Irish State entering a bailout programme two years and two months after the bank guarantee?

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

Ciarán Lynch: With respect, Mr. Gormley, that's not the question I asked you-----

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

Ciarán Lynch: The guarantee was predicated on the fact-----

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

Ciarán Lynch: I'm not questioning the ... how the guarantee was arrived at, or anything like that, and I'm not raising issues as to what were the options on the night, but a guarantee of a specific design was put in place.

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

Ciarán Lynch: That is a fact. The reasons and motivations for this we can continue to examine, and why it shaped the way it was, we can continue to examine. But a particular shape was put in place, and the question simply, Mr. Gormley, and I'll come to Ms Harney on this, is: did that have any bearing in the way it was shaped to the country entering a bailout programme two years and two months? Because...

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

Ciarán Lynch: Yes, indeed.

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

Ciarán Lynch: What I want to deal with, Mr. Gormley, is the period after the guarantee, not the period leading up to ... the guarantee was put in place; that was a fact. Can you just - either it had a relationship to entering the bailout programme later on, or it hadn't. Maybe it's more nuanced than that, you can explain that.

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

Ciarán Lynch: The reason why I'm challenging on this is because Mr. Trichet, in his testimony before this inquiry, would relate to that theory and Mr. Trichet's testimony must be tested-----