Results 3,521-3,540 of 19,173 for speaker:Shane Ross
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: As Mr. Elderfield is aware, some issues got into the public arena in bits and pieces.
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: Without naming the individual.
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: It was.
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: If someone within that department who was involved in the stress testing at a high level, and I understand they were, made the allegation that the stress tests were flawed, which I understand is what they were saying, the way they were treated is very important. It is important to us that the Central Bank, which obviously is accountable to the State, is operating a whistleblower procedure in...
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: Was some sort of independent investigation carried out into this whistleblowing allegation?
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: An internal auditor is not an independent investigation, is it?
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: But it was someone in the employment of the Central Bank?
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: Does Mr. Elderfield regard that as satisfactory?
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: Was this person someone with an expertise in the stress test area?
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: But was not employed directly in that area?
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: We are not saying whether it was a he or a she.
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: I will leave it at that, but I am concerned that these things are done behind closed doors to such an extent there is no way we can be sure that queries of this sort are being given the proper consideration they deserve.
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: I appreciate the need for confidentiality to protect the individuals but it would be very helpful if Mr. Elderfield could give us a resumé of the detailed allegations about the stress test. I do not understand why we should not get those when they are considered to be untrue by the Central Bank and have been dismissed. I do not understand why we should not hear those allegations, the...
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: It was a one-liner.
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: It was one or two lines. We will move on and we might get something from Mr. Elderfield that is more fulfilling.
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: If.
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: The first option is that the banks become profitable, which is an aspiration. I agree with Mr. Elderfield that Bank of Ireland obviously is the best prospect in that regard. While AIB may or may not become profitable, does Mr. Elderfield think we must rely on ESM for recapitalisation otherwise?
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: To some extent, is that not putting off the evil day? It is kicking the can down the road by stating one will recapitalise when one has the money rather than when one needs to.
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: Yes. What is Mr. Elderfield assuming in terms of legacy debt from the ESM?
- Public Accounts Committee: Special Report No. 72 of the Comptroller and Auditor General: Financial Regulator (Resumed) (13 Jun 2013)
Shane Ross: When the Central Bank makes forecasts or provisions, does it not come into that?