Results 961-980 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Sean Barrett: The absence of documentation at crucial stages, that must have been a nightmare for somebody in communications, in the Department and after crucial meetings. Have you any light to shed on that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Sean Barrett: I think-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Sean Barrett: Yes. I know it was at a very late stage, at four months, I think, before the guarantee that Mr. Lenihan and you moved into that Department but, going from Mr. Cowen's evidence yesterday, he's impressed at this stage by the way countries like Canada regulate banks and didn't have the dreadful situation we had. Was there ... and it was a short period as well, but other witnesses have ......
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Sean Barrett: The role of auditors in failing to see so much of what was going on in Irish banking, was that a concern of the Minister?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Sean Barrett: The communications with the Minister from the Financial Regulator, how did they take place?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Sean Barrett: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Sean Barrett: Presumably at the crisis stage they were pretty frequent?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Sean Barrett: And the contacts between the banks, AIB and Bank of Ireland, with the Minister, were they just in the immediate run up to the night of the guarantee or had they been on an ongoing basis?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Sean Barrett: Thank you very much. Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Sean Barrett: Thank you. The reform or stricter auditing of banks, was that discussed in your hearing at that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Sean Barrett: Thank you very much. Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Sean Barrett: Thank you, Chairman, and welcome back, Mr. Cowen. On page 1 of your witness statement you state that the focus of the work of the domestic standing group became concentrated on Irish Nationwide Building Society as a result of negative news reporting that emanated from Reuters. In your opinion, does that reflect a worrying failing of the regulatory regime, relying on reports from an external...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Sean Barrett: You do refer in paragraph 258 of your statement that, you use the words "In the absence of specific problems being detected at micro prudential level." So we did have faults in the system, at micro-prudential-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Sean Barrett: You've an important statement also point 177, you say, "The continuous increase in Central Bank (both Irish and European) funding also undermined the financial system as a whole." Was Irish banking becoming addicted to the medicine that was designed to cure a problem and did that allow the ECB to bounce you into the programme?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Sean Barrett: Thank you, Chairman. The ELA, was that monitored by the Cabinet or did it come across us as a very sudden and unpleasant surprise?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Sean Barrett: Yes, you used the ... words with Deputy Murphy, you were told "You're on your own", but they were in it too because, as you say, that increase in Central Bank support was both Irish and European. So would they not stay on board with you at that stage?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Sean Barrett: Looking at the two banks which were in the worst trouble, should we not have had in the system, particularly in INBS ... that this had been building up over a number of years and it should have been brought to you, you know, from the regulator and from the Central Bank rather than have it be the subject of the Reuters' story that you had to then take account of and measures------
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Sean Barrett: How can a Government respond to those institutional failures because it all ends up on the Taoiseach's desk?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Sean Barrett: Thank you very much. Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Sean Barrett: Thank you. Did you ever challenge the firms who advised the Department of Finance, the regulator or the NTMA after the final NAMA figures were known?