Results 2,601-2,620 of 4,414 for speaker:Sean Barrett

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: On transmission costs, would one of the logical consequences be, if such costs are large in economic and social terms, we should locate industries near generating stations? I do not recall any case where that has happened going right back to the plant at Ardnacrusha. One of the ways to cut transmission costs would be to have the generation and the end user located side by side or within a...

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: Is there a formal link between EirGrid and IDA Ireland to locate industry where there is a surplus generating capacity?

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: In respect of the all-island electricity market, why are we annoying so many people in County Meath in order to bring electricity to Northern Ireland instead of developing power stations in that jurisdiction? In the context of all of the dislocation discussed in this committee, are power stations such as Coolkeeragh or Ballylumford ruled out for future development or is Northern Ireland...

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: The initial plan is to export from the South to the North.

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: If the electricity is generated in Northern Ireland, consumers could save 10% or even 15% without having to transport it through the hostile county of Meath.

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: When this was first presented as an element of a single electricity market, I do not think the people of County Meath were aware of the contribution they were going to make. That is why the controversy arose. People perceive underground transmission as working very well in historic and residential areas. Has EirGrid whetted the appetite for underground transmission by allowing people to...

Joint Oireachtas Committee on Transport and Communications: North-South Interconnector: EirGrid (21 Apr 2015)

Sean Barrett: I thank Mr. Slye and his team for their co-operation.

Seanad: Public Services and Procurement (Social Value) Bill 2015: Second Stage (22 Apr 2015)

Sean Barrett: I welcome the Minister of State and thank him for his contribution. Unfortunately, I was dealing with the banks earlier today but I like what I heard from the Minister of State. I missed the earlier debate because I was down in the basement where I observed on the monitor that Senators were discussing important issues. I wish I had been here. A significant example of efficiency...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: Thank you, Chairman, and welcome back to our visitors and thank you for your answers earlier. The picture that you both painted of Irish banking when you went in ... €2.5 billion you found borrowed with no collateral and you've recouped €5 billion which the banks weren't collecting. Are those numbers correct, for a start?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: Now, in that picture, as we listen in in the inquiry ... one is that the management of banks themselves changed. They seemed to centralise all decisions and that the conservative old-style bank management based in towns around the country which, you know, didn't lose much money was replaced by one which was meant to be better, obviously, but do you think moving discretion and moving local...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: In the evidence this morning, the words "regulator was not aware" ... did we have the right system of regulation? Because you probably remember the controversy of whether it should be done in the Central Bank or some amalgam or an entirely separate body, as was recommended by the McDowell report.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: In Mr. McDonagh's evidence, he referred to IAS 39 becoming IFRS 9 in 2018. Is that about 15 years too late?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: Did you have dialogue with the auditors of the banks when you were taking all this stuff on board?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: And you referred to, chairman, on page 11 "stimulating activity in the market". Is that dangerous? I mean, that's what happened the last time. When do we turn that off lest we precipitate another bubble, which some people fear?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: Final question, because the time's running down, and thank you both again. Were we prepared for the euro, where wholesale deposits can flow in ... a banking system traditionally based on deposits and not wholesale lending, not knowing what to do with the extra money ... and, I mean, should we, as a nation ... worked out what would happen in the euro currency much better than we actually did?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: Mr. McDonagh, do you want to add to that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: Thank you very much, Chairman. On page 6 of the C4b document, we have the discounts and the average was 57%. A matter of concern, Chairman, would be that AIB at 56% is only 5% off Anglo and, you know, that compares adversely with Bank of Ireland, which at 43% is 18 points off Anglo. Does that have implications for this committee? Does AIB require substantial reform given...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: Are Irish banks reformed? Have they new people? The property fixation that you've mentioned, you know, do they know about high tech, aviation, pharma, start-ups, small and medium enterprises? I mean when NAMA's gone in a few years time will Irish banks be reformed so that they don't need it to be re-established in, say, five years after that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: Did you encounter a problem with directors' loans?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Sean Barrett: If we reform Irish banks, and we share your aspirations in that, in fact I must ask you about your experience as a public interest director in Anglo, first, that was presumably for a short while before it was abolished, was it?