Results 3,781-3,800 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: My microphone is on currently. There's no device, Chairman, and Mr. McGann-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: If I could refer, Chairman, to Vol. 1 at page 15, our parliamentary colleague, the Committee of Public Accounts, found:Anglo had poor governance structures and procedures and risk controls during its period of high growth. Weaknesses in these areas were identified by auditors and regulators in 2003, 2006 and 2008. So was that brought to the attention of the board in your time as the director?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Was some of the positivity generated by the way the bank dealt with dissident opinion in Ireland? For instance, Morgan Kelly was contacted by officials of the bank. Were you aware of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: And there's also evidence that the bank contacted stockbrokers who had unfavourable views of the Anglo performance with a view to getting those stockbrokers sacked. Were you aware of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Yes. On pages 148 to 149, an official-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Of Simon Carswell, Anglo Republic.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: But it says that an official ... a senior official wanted a certain stockbroker fired, you know. So we have found this - that there was lots of dissident opinion, not just Morgan Kelly, Niamh Brennan and so on, Jim O'Leary-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: The consensus, I think, may have been manufactured. And having contrarian stockbrokers threatened, I think, may have artificially made the board overconfident. Would you accept that as a proposition? You can generate your own PR and it makes you feel good.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Did you do that in your time as a director?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Thank you. 24 April 2008, in the second edition of the book, Anglo Republic, it says that a dinner took place in Heritage House with the Minister for Finance, Brian Cowen. Were you present?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: And it says:Gary McGann, Ned Sullivan, Anne Heraty and Drury, all non-executive directors, spoke. The new Taoiseach was told about the pressure in the property market as a result of the credit crunch and how the bank had funding problems because of the turmoil in the international financial markets, but that it wasn't a major issue. Pat Whelan, Declan Quilligan and Tony Campbell also spoke....
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: What did you speak about?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Was there a problem in your time as director with documentation in the bank? Again, that's ... Carswell finds that the documentation in regard to directors' loans, he said, was a mess and there's been------
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Sorry, there is also the NAMA evidence that one of the reasons-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: -----for the 61% discount was bad documentation in the loans that they transferred from Anglo to them.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Thank you very much. Thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Thank you very much, Chairman, and welcome to Mr. Moran.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: I think in your evidence you were saying that the decision to combine the roles of the finance director and the chief risk officer, you felt, was wrong. I hope I picked that up correctly. Was that - in your presentation just now - was that a correct interpretation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: And the reasons for your objections?