Results 521-540 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: And what did people challenge the conventional wisdom about?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Why did they come to the wrong judgment?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Was this a discussion or did they actually give you data on sectoral concentration, on loan-to-value, on loan-to-deposits, on the amount of borrowing from the Central Bank itself, from the ECB? Did you get numbers to back up your fears?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: So, an impression that the Central Bank and the regulator weren't aware of what was going to happen in September 2008, you would say that's wrong, that they were, they had the data, they were presenting it at the board and the board members were analysing it.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Did the directors discuss ... some, two of the biggest banks were lending about 7% of their book to agriculture and industry combined, and about 80% to property. Did anybody raise fears around the bank, the Central Bank board table, about that kind of a banking system?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Were there concerns about houses moving from two and a half times average income to up to 12 times average income, or The Economistinternational data on house prices showing that Ireland was way ahead of pretty well anywhere else that The Economistwas collecting the data?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: You mention on page 6 of your presentation your concerns about the design faults in the euro. Did the Central Bank have any fall-back position to deal with massive flows of capital into the Irish banking system?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Did you bring the work of Jeffrey Sachs, your author, to the board to warn them about that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Did the bank have any contact with the ECB about the dangers to our economy from the design faults in the euro?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Yet in the documents you sent us there seems - I'll put the proposition to you, that there is a remarkable lack of urgency, you know, as this problem built up. You know, measures to have thoughts about further measures, sort of, kind of thing. The imminence of the crisis doesn't seem to have led to any policy response.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: You were a strong opponent of the tax incentives for property and your study, in fact, quantified some of the measures which hadn't elsewhere been quantified. Could you tell us why you were so strongly against tax-based property investments?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Okay, thank you. If I may-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Yes. Your memo to Kevin Cardiff on 25 September 2008 outlining the five options to deal with specific issues faced by the individual domestic banks ... did you get a response to that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: And that was an altruistic gesture. Mr. Cardiff didn't ask you for it or commission you to do it.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Finally, you sent in about 4,500 words, estimated, on the employment and unemployment problem. Did you get a response to that from the people who attended that particular meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: It happens to economists. I'm very sorry-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Thank you, Chairman, and thanks again to Mr. Gray. Did the Central Bank have rules for board members in relation to contacts with the sector you were regulating?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Sean Barrett: Mr. Begg, when he was here, said there was no training at all for board members. Was that true in your time?