Results 661-680 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: The society lost-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: -----€243 million. Is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Yes, and what was the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Yes, and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: No, you say that the society was solvent in September-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: -----2008, but Goldman Sachs advised that there was no hope of a sale.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Goldman Sachs said-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Well, one would imagine that it was saleable if it was ... and there was optimistic ... and Goldman Sachs told you it wasn't.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Well then it was not saleable.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: So are you disagreeing with Goldman Sachs?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Did Professor Walsh think-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Did Professor Walsh share your optimism, because he was in secret talks with ILP at that stage?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Yes, Irish Life and Permanent.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Thank you, Chairman, and welcome to our visitor this afternoon. Project Harmony - the report notes: The overall approach to risk assessment would not be described as highly developed given that the Group continues to rely heavily on the Managing Director, does not have sophisticated IT systems and operates across a limited range of products. The modus operandi would be described by...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: We've had witnesses and with ... in documents about who saw this happening and you said that many people didn't. Well, a number of your colleagues did. Professor Niamh Brennan saw it happening from the board of the Ulster Bank, that there was a property crisis going to happen in Ireland. Morgan Kelly, of course, most famously. Have you discussed with either of them their ability to see...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: And David McWilliams ... in that category also?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: You mentioned the stress tests. Were they adequate at all to measure loan-to-value, loan-to-deposit, the massive appreciation of property prices in Ireland in excess of any other jurisdiction that The Economistwas publishing the data on? Were we measuring the wrong thing in stress tests?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: You mentioned your contacts with the regulator at some stages on a daily basis, but the volumes we have show, for instance, in Vol. 2, 56 recommendations from the regulator to INBS on 20 November 2006, seven more actions required as late as 7 March 2008 and right through the decade - I think it's in Honohan as well - the INBS seemed to be the most difficult of the financial institutions in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Sean Barrett: Do you think the society was solvent on the night of the guarantee?