Results 1,681-1,700 of 16,492 for speaker:Ciarán Lynch

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

Ciarán Lynch: Thank you, Ms Clarke, thank you. We will commence questioning and in doing so I'll invite Senator Barrett.

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

Ciarán Lynch: Thank you very much. Senator Michael D'Arcy.

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

Ciarán Lynch: Okay, thank you very much. Deputy Eoghan Murphy.

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

Ciarán Lynch: Thank you very much. Deputy Michael McGrath.

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

Ciarán Lynch: Thank you very much, Deputy McGrath. I'm going to wrap things up with just a few questions myself, Ms Clarke.

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

Ciarán Lynch: And I'll invite just some final questions from leads and so forth. Ms Clarke, Haven, the broker market business of EBS, was a significant change for EBS.

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

Ciarán Lynch: And you ... I just reference, in the particular document, the "Broker Market Entry" here ... it's the "Board Update" document. It's in the core documents. Just in reference to that, did the board, in you view, have a sufficient understanding of what it was getting into and what was your view of the impact of this business on EBS later on?

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

Ciarán Lynch: Sorry. Haven, the broker market of EBS, was a significant change for the EBS. And the board was updated in '05 around that. But did the board, in your view, have a sufficient understanding of what it was getting into and what was your view of the impact of this business on EBS later on?

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.

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

Ciarán Lynch: Okay. So Haven ... the Haven model obviously gave you more high street ... high street outlets, a greater footprint across the country. Is that what you're saying, yes?

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

Ciarán Lynch: But a street presence, I'd assume.

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: And on the general ... so it became 40% of the ... of your new residential market.

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

Ciarán Lynch: Okay. That's on the aggregate actual figure.

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

Ciarán Lynch: As somebody whose job was to assess risk, did that have the same level of risk as the business and the risk assessments that you were doing or did it create less or more stringent assessment processes of new applicants?

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

Ciarán Lynch: Okay. So when the indemnity came through the broker model, did the broker deal with the mortgage insurance indemnities themselves?

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

Ciarán Lynch: Just explain that to me. If a person, myself let's say instance, was to walk into EBS, the way the package would be put together is I would have to have the indemnity insurance before you would sign off on my mortgage.

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

Ciarán Lynch: I didn't need to get insurance from you.

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

Ciarán Lynch: As part of the product.