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Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: It focuses the national body of politicians more on the local situation than on the national situation.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: I thank Professor Farrell.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: Perhaps even a moment of clarity.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: I thank Professor Hardiman for coming. On pages 3 and 4 of her presentation she refers to the close relationships which developed between "banks, builders, developers and political leaders." There is also a reference to Ireland's poor ranking in the global competitiveness index of the World Economic Forum in 2014. Among the poorest ratings for Ireland was "favouritism in decisions of...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: Does Professor Hardiman know what metrics the forum uses to measure such things? On what are such statements based?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: That would be useful. It would be interesting to get an insight into it. Does Professor Hardiman have any specific comment to make on the relationship between the regulator and the banks? Is there an economic forum that can focus on this?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: What are the metrics we can use? What prevents regulator A and banker B from being pitched against each other in the winter league at the golf club, for example?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: Would Professor Hardiman describe these norms, ethics or practices as very low, acceptable or high?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: Other than Professor Hardiman's own experience.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: Should there be criteria or codes of conduct for determining how social interaction should be handled between politicians, civil servants, bankers, regulators and so forth?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: Is it sufficient?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: Is it codes of conduct that we require?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: I have no questions, Chairman.

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: I have a couple of questions relevant to the presentation. Chairman, can I go in another direction a little?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: In fairness, much of the good material has already been covered, but Dr. Byrne's presentation was so good I am sure I will find more in it. What is Dr. Byrne's opinion of the various political reforms that have been introduced by the current Government and those that are under consideration by the Constitutional Convention? What impact does she believe these reforms will have on the various...

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: Is there legislation anywhere in the world that in some way holds political parties to account in terms of the manifesto versus programme for government?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: Apart from elections.

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: Somebody suggested to me that in Canada, perhaps, there is some way of holding party A to account for promising X but reneging on it or doing the opposite.

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: Is it the benchmark?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: I will veer slightly away from that. It relates to something we will be considering later, but as Dr. Byrne is here I will put the question to her. From a journalistic perspective, is there a code of conduct in newspapers for how journalists interact with the commercial world?

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