Results 2,181-2,200 of 4,414 for speaker:Sean Barrett

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Sean Barrett: That is a quote.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Sean Barrett: I think the Chairman read it earlier.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Sean Barrett: Were there other dissident voices within the Central Bank?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Sean Barrett: My final question relates to the advice given by the auditors. Mr. Nyberg says in his report that the advice given, including by auditors, was that banks were solvent at the end of September 2008. Are there precedents in other countries or in the private sector for people engaging in litigation against accountants on the basis that the accounts did not represent, in the event, a true and...

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Sean Barrett: I thank Mr. Nyberg and the Chairman.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Sean Barrett: No, I think it has been covered very well. Thank you indeed.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Sean Barrett: I again thank Mr. Nyberg. On page 89, it is stated that among non-executive directors it appears that the banking knowledge and expertise necessary to assess the lending and funding risks inherent in bank business models was insufficient. In return for being the lender of last resort, should Parliament - this committee - insist on a quid pro quofrom banks if they want this protection and...

Seanad: Health Insurance (Amendment) Bill 2014: Committee Stage (Resumed) and Remaining Stages (18 Dec 2014)

Sean Barrett: I move amendment No. 6: In page 6, between lines 18 and 19, to insert the following:“(4) In prescribing the maximum payments in subsection (1) the Minister shall have regard to average length of stay in hospitals, utilisation management, medically unnecessary admissions, and other excessive costs unrelated to ageing as noted in the Milliman Report (2010).”.I welcome the Minister...

Seanad: Health Insurance (Amendment) Bill 2014: Committee Stage (Resumed) and Remaining Stages (18 Dec 2014)

Sean Barrett: I thank the Minister and welcome his description of all of these interesting and exciting events, in terms of setting the system up on a different basis from 2016 onwards. It will not be based on the premise that older people cost more. The requirement for Central Bank authorisation, as described by the Minister, is a first. The Minister also made reference to clinical audits and asked why...

Seanad: Water Services Bill 2014: Second Stage (Resumed) (18 Dec 2014)

Sean Barrett: I welcome the Minister and wish him the best in trying to tidy up this mess. It is a mess that has brought Leinster House into disrepute. Nothing else brought 130,000 people on to the streets. We tried to table amendments with the Minister's predecessor and, as always, the Leader allowed full discussion, but it turned out that he was never formally allocated responsibility for the area, as...

Seanad: Water Services Bill 2014: Second Stage (Resumed) (18 Dec 2014)

Sean Barrett: -----instead of financing this through progressive taxation.

Seanad: Water Services Bill 2014: Second Stage (Resumed) (18 Dec 2014)

Sean Barrett: The idea that we were wasting water was spun by the water industry, which implied that lots of little old ladies up and down the country had taps running and so on, and mentioned wastage figures of 52% to 55%. Its own members, the county engineers, were the biggest wasters of all. We know from the Minister's contribution today that the waste within houses was only 6%. Therefore, the figure...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Sean Barrett: Thank you very much, Chairman. I welcome Mr. Wright and thank him for his report in the first instance, for being here today and, indeed, for keeping up with what has been happening in the Irish economy. I think we have a friend in Ottawa looking out for us. As a student in Canada, I remember that we used to go to western Ontario to the great seminars on public policy. That was Mr....

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Sean Barrett: Mr. Wright mentioned a hundred members of staff, of whom half had master's degrees. That only brings the relevant number from 39 to 50, which still falls far short of the proportion he would seek in Ottawa.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Sean Barrett: Of the 542 staff Mr. Wright looked at, 58 were in the financial services sector. Do we know how many of those had master's qualifications in economics and do we know the split between those who were promoting Ireland for financial services and who were also to watch what was happening in Irish banking, which caused the great collapse he described for us?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Sean Barrett: Is there a contradiction between promoting the development of international financial services in Ireland and the important task Mr. Wright just described of seeing whether the rest of the banking system in Ireland was sustainable or whether it was on unsustainable paths? In Ireland it is called the "green jersey", that one must keep the image of Ireland high and if that meant ignoring what...

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Sean Barrett: The 100% mortgages issue seemed to catch the Department almost unawares according to Mr. Wright's report.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Sean Barrett: Once the Financial Regulator decided on 100% mortgages, the report says that the Department went silent on the issue.

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Sean Barrett: Mr. Wright mentioned the overheated construction sector on page 31. What could Ireland have done to restrain an overheated construction sector?

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Sean Barrett: Page 29 of Mr. Wright's submission states, "it is best practice to maintain a formal written record." Is that an important reform compared with what he found?