Results 3,901-3,920 of 26,843 for speaker:Richard Boyd Barrett
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: I am not being rude but I have very little time and I was concerned about the contrast between what a carer does working long hours and what a banker does. Does Mr. Spring really think that people like him and Dr. Somers or bank executives are worth multiples-----
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: It is too much.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Absolutely, and we advocate that, but I am asking Mr. Spring a question.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Dr. Somers has ruled out what he calls "divine mercy" in respect of debt forgiveness on the basis that there are too many chancers, and Mr. Duffy has referred to moral hazard. Will Dr. Somers please explain what would be hazardous in writing down to current market value the mortgages of owners of principal private residences who took out their mortgages between 2000 and 2008 when those...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Yes it is for both.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: It is the public's money.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: That is weak, Dr. Somers.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: One individual can invalidate the whole proposal?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: I am not talking about apartment blocks. My question was very specific. Will Mr. Spring answer it? In the period 2000 to 2007, before the collapse of the property bubble, people borrowed to put a roof over their head. What is the moral hazard of writing down their mortgages to current market values? I can see nothing morally hazardous about doing that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Contribution of Public Interest Directors in Financial Institutions: Discussion (20 Dec 2012)
Richard Boyd Barrett: Do the witnesses know how much it would cost to do? Perhaps the witnesses would be able to provide that information. TSB said it would look into it and provide the joint committee with the information.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)
Richard Boyd Barrett: It will supervise their implementation.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)
Richard Boyd Barrett: I thank the officials for taking us through the emerging labyrinthine architecture of the new banking union. I need an idiots guide to understand it.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)
Richard Boyd Barrett: I appreciate that it is quite complicated and there seems to be a problem in co-ordinating the different elements of the European Union's architecture between the ECB, the Parliament, the Commission and so on, and perhaps that explains its complexity. In order to understand it, may I ask the following questions? Is it basically the case that the Parliament writes the rule book, the...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)
Richard Boyd Barrett: The eurozone states look after the implementation of the rule book on a day-to-day basis. Do they ensure the banks are operating to the rules?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)
Richard Boyd Barrett: Will we have one representative on this board?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)
Richard Boyd Barrett: Is the supervisory board supposed to be very separate in its operations?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)
Richard Boyd Barrett: Is it correct that the supervisor will be accountable to us? If we want to ask questions about what is going on, do we quiz our delegate or representative on the single supervisory mechanism, SSM; board?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)
Richard Boyd Barrett: I thank Mr. Carrigan for helping us get the structure clear in our heads. To what extent is the rule book written? Will it be possible for us to see the rule book which will then be applied by the supervisory mechanism? Will the rule book be in a fairly clearly understandable form? We are talking in terms of architecture and engineering of the supervisory structure, but then of course...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)
Richard Boyd Barrett: So have we.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Scrutiny of EU Legislative Proposals (20 Dec 2012)
Richard Boyd Barrett: With respect, is there a rule book which we can look at?