Results 3,101-3,120 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: The World Economic Forum in 2009 rated the soundness of Irish banks at 121 out of 122 countries that reported. Were there no alarm bells going on through this period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: And just over the page on 11 of that document at No. 9, there's "Financial Stability and Membership of Committees". It states: The parties ... [now this involved both the regulator and the Central Bank] will cooperate fully in their relations with and participation in international fora on financial stability issues. In some cases, this will involve dual representation in certain fora....
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: I mean ... in all of this the €64 billion and the other damage ... outweighed, I think, what might be the price of a cheque book or consumer interest. Were there concerns about the instability generated by international capital flows, for example?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: The dangers of foreign denominated debt, did that enter into the discussions?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Bank credit growing on average at 30% per annum in some of the years and some banks way in excess of that. Were those kinds of issues discussed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Did you make any contribution to bringing our problems to Europe, you know, as the country that had the worst bank crisis as a percentage of GDP?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: In the lead up to ... to the crisis. We have the impression that some of this came as a surprise in Frankfurt and Brussels but were we alerting people that the situation had deteriorated so much more than in the other member countries of the eurozone?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Were there contrarians in the Central Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Thank you. This is the last one, Chairman. Thank you very much.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Thank you very much. And thanks, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Thank you, Chairman. Welcome, Mr. Roux. What's your view of the boards of Irish banks since you took over as the deputy governor in October 2013?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: And the board of the Central Bank in the same context of the same question? Has it changed since you came as the deputy governor?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Thank you. The European dimension to this ... the ... page 103 of Vol. 1 has an estimate that the bank crisis cost Ireland 40% of GDP. What would be the equivalent figures, if you can remember, from say, France and Germany for the bank crises there?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Alan Ahearne from ... maybe one of your colleagues, on one of these committees, he wrote in the Brian Lenihan book, "An additional dimension to Ireland's crisis was the country's membership of a poorly constructed, and at times dysfunctional, currency union." Did that apply in the period before the reforms you've described for us?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Are the new standards you described rigorous enough? We've had evidence that the capital requirements for banks should be raised two or threefold.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Are banks in Europe up to the standards of Canada, Singapore and Australia?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Do Irish banks appreciate the dangers of their property concentration-fixation, historically?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: And their sources of funding becoming dependent on wholesale rather than deposits, is that issue being addressed by Irish banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Thank you, Chairman.