Results 3,541-3,560 of 4,414 for speaker:Sean Barrett

Seanad: Order of Business (17 Jul 2015)

Sean Barrett: Hear, hear.

Seanad: Urban Regeneration and Housing Bill 2015: Committee and Remaining Stages (17 Jul 2015)

Sean Barrett: Without wishing to hold up the House, I echo the sentiments of Senator Cullinane. The Minister of State said we should consider the whole package. NAMA estimates that in south County Dublin, development levies of €60,000 per house are imposed by the local authority. I had thought the object of having property taxes that were levied annually was to allow us to move away from those...

Seanad: Order of Business (20 Jul 2015)

Sean Barrett: I wish the Cabinet well as it goes to Lissadell House for its meeting. As the home of the first woman to be elected to Parliament in Britain or Ireland, it is an inspiring place. It was a source of great inspiration for people like Yeats, who wrote in 1934 that the "real work of legislation" is done in meetings dominated by "old lawyers, old bankers, old businessmen, who ... have begun to...

Seanad: Order of Business (20 Jul 2015)

Sean Barrett: I note that yesterday, our cricket team qualified for the next Twenty20 World Cup. Our hockey team has also qualified for its world cup. These people represent the island of Ireland and give us great inspiration. We wish our golfers every success this afternoon.

Seanad: Order of Business (21 Jul 2015)

Sean Barrett: I note with concern the report by Professor Alan Barrett on the national economic dialogue. He points to the considerable contradiction between people arguing for extra spending and being unwilling to pay for it. That is what got us into trouble previously. It is an echo of the past. In Dublin Castle last week, 140 people from unions, business, farming and the voluntary sector met. All...

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

Sean Barrett: Thank you Chairman and welcome Mr. Murphy.

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

Sean Barrett: Are you the sole chief executive in Irish banks to survive the cull of bosses after the State guarantee?

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

Sean Barrett: I think Senator Ross, as he was, I think gives you that title in any case.

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

Sean Barrett: And on the night of the guarantee you were in Donegal or coming back, is that correct?

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

Sean Barrett: And did your company have any role in the bank guarantee?

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

Sean Barrett: Maybe that's why you've survived. Sorry I shouldn't keep making ... you say "By the time I joined EBS-----

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

Sean Barrett: You've expressed concern to Senator D'Arcy about the speed of the growth in credit. Do you have any idea what - indeed of 25% and 30% per annum in the lead-in to our troubles - do you have any idea what should be the correct rate of growth of credit in our kind of economy?

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

Sean Barrett: Thank you. Now, you say in your statement, on page 11, "By the time I joined EBS [and that's January 2008] the damage had been done and could not be corrected in the short term." Could you describe that damaged bank that you've joined?

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

Sean Barrett: Were there oversight problems? And I refer you to core document Vol. 2, on page 127, the task force Medusa, was, was that part of your correction when you took over?

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

Sean Barrett: And in the same volume, there's a very long letter from Yvonne Madden, the Financial Regulator, from pages 37 onwards, which shows, shall we say, a wide range of administrative reforms needed. Just looking at pages 43 to 45, you see items like "no evidence" of what the borrowers did, "not clear" what the purpose, "no evidence", "not clear", "not legible", "not legible". It looks like you...

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

Sean Barrett: That letter is dated to you on 3 March 2008, and I make it there are 65 recommendations. So was the era of light-touch regulations over? And you were doing reform but you were also ... I think the regulator had certainly been into the business and gone through it with a fine comb at that stage.

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

Sean Barrett: How do you analyse 100% mortgages?

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

Sean Barrett: Yes.

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

Sean Barrett: What was Haven Mortgages? Was that a company you had to shut down?

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

Sean Barrett: Irish Nationwide wanted to take over EBS in November 2008. How did you respond to that?