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Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Yes. And let's move on a little bit with that, because we have to try and get ... I would like to try and get, if we can, to where the source of what I suggest to you, and you can come back later, is this shows a paralysis by the Central Bank and regulator in view of the seriousness of what went before. I want to get, or to tease out, what's the source of that inaction, which you've agreed with.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: And then you said yourself ... sorry, the regulator's annual report of 2006, that "[The] principles led approach to regulation is the right model for Ireland [...] It both allows and requires banks to manage themselves." And then, in your opening remarks ... no, your opening written statement to us, on page 3, you said "there was an effort to ensure that rules and regulatory practice did not...

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Yes, but I want to put two or three quotes-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: -----to him because its all of the same theme, Chairman. Mary Burke from the Central Bank gave evidence here, "believing that the authorities did not want a stricter regulation regime for Irish banks because the IFSC could then be seen as an area with less regulation that might be compared to an offshore financial haven". And, Mr. Patterson, you make almost precisely the same point in page...

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Yes. The problem there, Mr. Patterson, is - we've said it to the previous witness - the evidence from the banks is that some of them had engaged in huge cheating at the taxpayers' expense.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Why should you assume that they would be paragons of virtue?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Yes, but the point I've been trying to tease out is why that? And then the IDA ... you know, a very serious body in this country, said to businesses and to banks coming in, "The Regulator has disapplied its powers of supervision." It was policy, was it or was it not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: In a Ship of Fools, which is a book by Fintan O'Toole, the IDA is quoted verbatim as saying, in attracting in these enterprises, that "The Regulator has disapplied its powers of supervision."

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Okay. Can I ask you then, lastly ... or maybe second lastly.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: A few years ... not too long, but a few years after you retired, Mr. Patterson, you were quoted in the Irish Independenton 4 December 2010 ... I couldn't find the speech unfortunately, but you're quoted as saying in relation to the bubble and the crash, "We were all responsible"... this writer said that you said, "We were all responsible," he said, several times in a speech that extolled,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: No.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: It is in Kilkenny, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Yes. He also says, incidentally, Mr. Patterson, that you vowed at that meeting in future to avoid negativity, no longer read Morgan Kelly, no longer watch Vincent Browne, read Shane Ross or listen to Joe Duffy. Can I ask you: do you agree with Mark Carney that there should be jail for bankers and financial institution senior personnel who deliberately defy regulation and laws?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Should they go to jail?

Ceisteanna - Questions (Resumed): Cabinet Committee Meetings (16 Jun 2015)

Joe Higgins: 2. To ask the Taoiseach when the Cabinet sub-committee on Construction 2020, housing, planning and mortgage arrears last met. [5466/15]

Ceisteanna - Questions (Resumed): Cabinet Committees (16 Jun 2015)

Joe Higgins: 7. To ask the Taoiseach when the Cabinet committee on justice reform last met. [5467/15]

Employment Equality (Amendment) Bill 2015: Second Stage [Private Members] (16 Jun 2015)

Joe Higgins: It still leaves the problem of the Catholic schools. That is the issue, which I will return to tomorrow evening.

Employment Equality (Amendment) Bill 2015: Second Stage (Resumed) [Private Members] (17 Jun 2015)

Joe Higgins: Tá sé stairiúil go bhfuil Dáil Éireann ag glacadh inniu le Bille a ordaíonn nach féidir le heagraíocht chreidimh nó eagraíocht faoi stiúradh nó faoi smacht eagraíochta creidimh leatrom a dhéanamh ar aon duine atá nó a d'fhéadfadh a bheith fostaithe i seirbhísí a eagraíonn na...

Employment Equality (Amendment) Bill 2015: Referral to Select Committee (17 Jun 2015)

Joe Higgins: I move:That the Bill be referred to the Select Committee on Jobs, Enterprise and Innovation pursuant to Standing Orders 82A3(a) and 118.

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