Results 3,001-3,020 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Because is does, as I think as Deputy McGrath was saying, illustrate very important knowledge. But I'm trying to see ... did anything happen because, you know, this knowledge which was available in early July ... about the difficulties that Deputy McGrath elucidated and your replied to? What happened? Was this knowledge just left lying around the place or did ... was did people go on...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Because page 6 of the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Yes. If I may, page 6 of your statement has, as a duty of the Central Bank, to contribute "to the maintenance of financial stability both domestically and within the euro area". Was the ECB informed of the ... of the difficulties ... on these pages?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: And could I take up finally ... page 101 of that document? I think it's a Department of Finance document, is that right, written in January 2008?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: It says "The authorities in Ireland have practiced constructive ambiguity regarding financial stability planning to date. For the future it would seem appropriate to maintain this approach." Would there not be a case for precision and clarity rather than constructive ambiguity?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Thank you, Chairman. How many staff were involved in the prudential regulation of banks during your time as Governor?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Thank you very much and thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Thank you, Chairman, and welcome to Ms Burke. The memorandum of understanding between the CB and the FR, was there clarity in that division of labour between the two bodies?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Was it more or less the same people who used to do the job in ... before 2003, got a different administrative structure, wasn't that right, that there was about, I think in Honohan, there was about 30 people did prudence work beforehand on the Central Bank and it went to about 50, as you say? So there were no new people. So it's kind of strange that, to the outsider, that people who'd been...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Your 50 that you mentioned in your presentation to us, that's out of a staff of, what, 1,200 or something? Is there anything to assist the committee in why ... what we're investigating seemed to be so small overall in the allocation of staff in the organisation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Do you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: I'll come to that in a minute, if I may. The European aspects: was it the regulator's job to communicate with Frankfurt and the ECB, or how was that connection made?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Thank you. Now, Senator O'Keeffe referred to the correspondence you had with the Bank of Ireland. Now, if ... I may refer to other correspondence in the Vol. 2, Mr. Chairman, and there's page 15, that's a communication to the EBS. There's page-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Indeed. Thank you. Thank you, Chairman. And there's page 43, AIB. There's the reply from Bank of Ireland on page 47 that Senator O'Keeffe has referred to, and there's a ... there's another one to Bank of Ireland mortgage bank, page 57; and Ulster, page 61; and AIB, page 69. Only one bank seems to have replied to you. I see your letters out, and they're very comprehensive, telling you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: That's right.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Okay, thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Yes. There's 57 and 61 and 69 and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: -----and there are advices to them and no replies. That was what was interesting. Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Yes, and then the last ... 61 and 69, thank you for those, yes.