Results 2,441-2,460 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: By elimination, there should have been greater focus in the prudential area.
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: During Mr. Carswell's discussion with Senator D'Arcy about the paragraph on commercial mortgages he referred to the compliance statements for the directors having been dropped by the Financial Regulator in 2006. I refer in this regard to page 5 of the statement. Perhaps Mr. Carswell would elaborate on what was involved in that regard? What were the compliance statements and what impact...
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: Were copies of those rules ever published or was the opposition behind the scenes?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: Mention is made on page 123 of the book of a strong letter from the Governor of the Central Bank arising from the article by John McManus in The Irish Timesstating that Anglo might be in trouble on funding. Anglo rebutted that so strongly the Governor responded saying that the bank could do without that type of reporting at a time of growing crisis in world banking. Was that type of...
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: Does that negative so-called light-touch regulation? It is more hands-on, is it not?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: In his work on the book and articles did Mr. Carswell come across what Morgan Kelly called "contrarians" in the Central Bank, other banks or the audit profession?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: So they were people in the banks who knew that 2008-10 was on the way, so to speak?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: It is stated on page 217 that on 29 September 2008 the chairman of AIB held the view that Anglo and Irish Nationwide were two delinquents and needed to be taken out by the State. Does that indicate that the view was that some banks could still be saved and that not all needed to be guaranteed?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: Based on Mr. Carswell's experience, what sort of rules should we have been implementing? The committee will be suggesting measures to prevent a recurrence of this. What rules would Mr. Carswell suggest we should put in place?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: Did we understand the implications of joining the euro and the free movement of capital at the beginning of that decade?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: Mr. Carswell wrote on page 129 in the book that directors of the bank borrowed €41 million from Anglo Irish Bank. Is there a number the committee should look at? What is a prudent amount to allow directors to borrow from a bank?
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: I thank Mr. Carswell. Hypothetically, if we improve regulation, do we run the risk that one of our American experts presented to us of an AIG, a body that is not regulated but has so many connections with the bodies that one is trying to regulate and save that AIG must be included as well? Arising from that, is it possible to have a utility bank that would just look after people's savings...
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: Shadow banks will say they are too big to fail as well, so the State again gets caught on the hook.
- Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)
Sean Barrett: I thank Mr. Carswell.
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Sean Barrett: I welcome Professor Farrell. Regarding an incorporeal Cabinet meeting, apart from being an oxymoron, is it not anathema in a democracy that a crucial decision was made at that kind of meeting?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Sean Barrett: Deputy Eoghan Murphy raised the Whip system. I think the British army would be in Syria now because the Prime Minister wanted to look for some weapons and so on but enough people in the Tory party made that impossible. Could we have a percentage of days off from the Whip system? Would that be one of the ways we could develop the kind of system Professor Farrell has been advocating?
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Sean Barrett: Is it usual in the parliaments that Professor Farrell studied that Ministers come in with a coterie of civil servants who whisper in their ears or pass them notes? I do not see that in Westminster, for example.
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Sean Barrett: Is parliament stronger in the public mind than sometimes around here or in the media? I have in mind the attempt to abolish the Seanad, for which the vast majority of Deputies voted and the majority of the Senators voted for its abolition. The opinion polls showed that it would be abolished but in fact the people decided it would not be abolished. Are there secret parliamentarians in the...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Sean Barrett: In regard to committees, we had a case where a person did not want to appear as a witness and the majority of the committee summoned him to appear and he did so. In terms of people's reluctance to appear as a witness, there is some case law which the professor might discuss afterwards. He said the Government actively supported the market over an extended period against the fairly weak but...
- Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)
Sean Barrett: I refer to the absence of individual responsibility in Irish public life in that people do not resign, they do not take responsibility for what they do and they hide behind systems failures. Have political scientists written on that aspect?