Results 581-600 of 4,414 for speaker:Sean Barrett
- 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?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Thank you. Nyberg, on page 101 of Vol. 2, Mr. Chairman, he shares some of Mr. Moran’s concerns here: “neither [the internal audit] nor the Audit Committee was in a position to challenge credit decisions per se, where the main problems [mainly] ultimately arose". So, would you agree with Nyberg on that point, that the internal audit was too weak?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Page 101. I’m sure it will come up in time.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Did you ever feel at the time or since that - you were raising the money, that's all, you said that, lending wasn’t your province – did you ever feel like going to the lending people and say, you know, “This will come unstuck unless you guys get your act together. We’re out working our socks off raising the money, we’d like a little bit of tightening up on...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: When the terminology in the bank, monoline bank as you say, to us that means sectoral concentration, which is one of the areas, as you know, where the red lights go on, and were you aware that the regulator was concerned about concentrating in one sector and concentrating on a very small number of borrowers? Was that not a risky strategy?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: But the Davy economist whom you discussed with Deputy Murphy, he thought your shares were two-thirds overvalued and in fact the eventual discount from NAMA was 61%, so he wasn’t too far wrong. He was a good forecaster wasn’t he?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: His name is mentioned.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: But you took grave exception to that, isn’t that correct, to that stockbroker?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: Or a round of applause or whatever? Did you have any contact with him after he wrote that report?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: And you disapproved, I presume, strongly, isn’t that right?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Sean Barrett: And you had a similar cup of coffee with Morgan Kelly isn’t that right?