Results 3,761-3,780 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: So are you disagreeing with Goldman Sachs?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Did Professor Walsh think-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Did Professor Walsh share your optimism, because he was in secret talks with ILP at that stage?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Yes, Irish Life and Permanent.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Thank you, Chairman, and welcome to our visitor this afternoon. Project Harmony - the report notes: The overall approach to risk assessment would not be described as highly developed given that the Group continues to rely heavily on the Managing Director, does not have sophisticated IT systems and operates across a limited range of products. The modus operandi would be described by...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: We've had witnesses and with ... in documents about who saw this happening and you said that many people didn't. Well, a number of your colleagues did. Professor Niamh Brennan saw it happening from the board of the Ulster Bank, that there was a property crisis going to happen in Ireland. Morgan Kelly, of course, most famously. Have you discussed with either of them their ability to see...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: And David McWilliams ... in that category also?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: You mentioned the stress tests. Were they adequate at all to measure loan-to-value, loan-to-deposit, the massive appreciation of property prices in Ireland in excess of any other jurisdiction that The Economistwas publishing the data on? Were we measuring the wrong thing in stress tests?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: You mentioned your contacts with the regulator at some stages on a daily basis, but the volumes we have show, for instance, in Vol. 2, 56 recommendations from the regulator to INBS on 20 November 2006, seven more actions required as late as 7 March 2008 and right through the decade - I think it's in Honohan as well - the INBS seemed to be the most difficult of the financial institutions in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Do you think the society was solvent on the night of the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: The final one. Did you have secret discussions with ILP - it is mentioned in the Fingersbook - unbeknown to Mr. Fingleton, about a sale to ILP?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Thank you very much. Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Thank you and welcome to Mr. McGann. The Nyberg report states that "There is little evidence that board members in Anglo [...] were active in challenging the [board's] approach or its pace of lending growth." How did you react when you read that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Could I refer to Vol. 2, Chairman? And on page 105 ... there was a board meeting of Anglo Irish Bank on 12 December 2008, which is a fairly critical time. Nine people were absent, only five present. That hardly communicates a board, at a critical time, performing up to scratch.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: You were there with Mr-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Sorry, I beg your pardon.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Yes. You were there with Mr. McAteer and Mr. Drumm, Mr. Jacob and Mr. Whelan, but, you know, by conference call with Mr. FitzPatrick, Mr. Harwerth, Mr. O'Connor, Mr. Quilligan, Bradshaw, Ms Heraty, Sullivan, Dukes and ... and Daly. You know, you refer in your statement, you know, these were people of the highest calibre, but they weren't there at a crucial stage. I think the bank had to be...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Could I refer to Vol. 3, page 3? The survey of the board members by Mrs. Hague - that the board members were asked to evaluate themselves, I think. Being accountable to the public, 11 thought ... of the directors thought they were excellent and two, acceptable. Compliance with regulatory requirements, ten thought they were excellent and three, acceptable. "Are there any areas of the...