Banking Inquiry to conclude context hearings tomorrow as it meets John Moran and Marie Hunt

01/04/2015

The Oireachtas Banking Inquiry will conclude its context hearings tomorrow, Thursday, 2nd April when it will hear from John Moran, Jones Lange LaSalle and Marie Hunt, CBRE on Issues relating to the nature and functioning of the commercial real estate market in the period prior to 2008.

Chairman Ciaran Lynch TD: “Tomorrow we will complete our Context Phase hearings when we will address issues relating to the nature and functioning of the commercial real estate market in the period prior to 2008 in the context of the Banking Crisis in Ireland. The Committee will hear from John Moran, an International Director of Jones Lang LaSalle and Managing Director of Jones Lang LaSalle Ireland, and Marie Hunt, Executive Director and Head of Research at commercial real estate services company CBRE.

Specifically, the Committee will address a number of issues, including the size and nature of the real estate market in Ireland; in general terms, the clients and types of services provided by the two companies in the context of the commercial real estate market in Ireland; sources and extent of funding of the commercial real estate market in Ireland; the composition of investors in the Irish commercial real estate market; inter-relationships of international commercial real estate markets, including assets and investors; the nature and impacts of advisory services provided to participants in the commercial real estate market; and the understanding of risk among advisors and participants in commercial real estate markets in the period prior to the banking crisis.”

The schedule for the hearings in Committee Room 3 Leinster House is:

Thursday 2nd April 2015

Session 1: 9.30 am – 11.30 am

John Moran, Jones Lange LaSalle
Issues relating to the nature and functioning of the commercial real estate market in the period prior to 2008

Session 2: 11.45 am – 1.45 pm

Marie Hunt, CBRE
Issues relating to the nature and functioning of the commercial real estate market in the period prior to 2008

Nexus Phase hearings will start on Wednesday 22nd April and run until the middle of September with a total of 64 public hearings planned. It is envisaged that at least 50 witnesses will be called to the public hearings. During the Nexus Phase, the Committee will engage with institutions and individuals who had roles relating to the crisis. This phase will focus on three broad elements — Banking Systems & Practices; Regulatory and Supervisory Systems & Practices; and Crisis management systems and policy responses — and how these three elements interacted with each other.

Details of the confirmed dates, names and relevant institution for the Nexus Phase and further information on the Oireachtas Banking Inquiry proceedings can be accessed on this website.

Committee proceedings can also be viewed on the move, through the Houses of the Oireachtas Smartphone App, available for Apple and Android devices.

All media enquiries in relation to the Oireachtas Banking Inquiry should be addressed to:

Ciaran Brennan,
Houses of the Oireachtas,
Communications Unit,
Leinster House,
Dublin 2

P: +3531 618 3903
M: 086-0496518
F: +3531 618 4551

All general enquiries should be directed to the Committee Secretariat.
e. contactbankinquiry@oireachtas.ie
t. +353 1 618 3651

Committee Membership

Deputies

Ciarán Lynch (Chairman)
Pearse Doherty
Joe Higgins
Michael McGrath
Eoghan Murphy
Kieran O’Donnell
John Paul Phelan

Senators

Sean D Barrett
Michael D’Arcy
Marc MacSharry
Susan O’Keeffe