Results 1,041-1,060 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: He was in the Department of Finance, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: In relation to the Wright report, how did you react when you saw that? Because he was ... he's very critical of the lack of specialist economists. In fact, I think he had only 7% of people at the top level had degrees in economics at master's level or above.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: And your advice to us, I think, on page 9 is that you found it difficult to recruit staff being labelled in a technical area, which presumably includes economists. And there was also some documents we saw that those people should have only a three-year contract, I mean ... I think ... you're an integrationist, I think, if I interpreted you correct that those economists should be, in the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: Now, you've two clear experiences from your CV that are, I think, of interest to this committee as we, sort of, try to plan future recommendations. You served on an bord snip, the second one, isn't that right? And ... or was ... or was it way back the first one? I think it is the second.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: Yes. The more recent one with Colm McCarthy. Was that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: And you also, I think, served on the McLaughlin report on local government.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: So, you know, how should governance be addressed in Ireland, you know, to make sure we don't get into the kind of troubles of 2008-'11 and, indeed, the years leading up to that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: Can I ask you, finally, on the one-off tax revenues that you described with my colleague, Senator D'Arcy, was there any recognition in the Department of Finance, "These are one-offs"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: Because when we've moved to the recurrent taxes like the property tax annual and the water charge annual, we've kept development levies, I think, at €60,000 a house in south Dublin, so is the Department of Finance getting the best of both worlds? It both gets the one-off taxes and has invented new forms of recurrent taxes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: Thank you very much. Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: Thank you, Chairman, and thanks, Mr. McNally. When you were in the budget and economic advice section, Mr. McNally, 2000-2008, do you recall being "under siege" in 2007? Did that phrase be ... was it used at that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: Because Simon Carswell gave it in evidence and I'll give you the context now:At one point the Department of Finance was described by one of its own officials as being "under siege" in [a] lobbying campaign by the financial industry. The aim was to get legislation passed to allow banks to issue bonds backed by commercial mortgages. The financial sector won out. The legislation was passed in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: That doesn't refresh your memory?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: Because Mr. Carswell gave evidence that named bankers were particularly active at knocking on doors in the Department of Finance but yours wasn't one of them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: In relation to your work on the McLaughlin commission, how does that stand now? Do you see the reforms that were recommended having had any impact at all or do you feel a certain amount of frustration?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: Because there were concerns about managerialism and bureaucracy and so on in that report, quite strong ones, directors of services, I mean, large surpluses. In fact, the excess numbers were quantified.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: No. Have we wasted a good recession in that phrase then if we don't reform when these reports are there and we go through all the financial stringencies that we have had in this number of years?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: Thank you very much. Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: Thank you, Chairman, and welcome, Mr. McCreevy. Going back to the financial arrangements, you call it the Dermot McCarthy compromise. The memorandum of understanding between the Central Bank and the Financial Regulator dealt with the responsibilities being divided between the Central Bank and the IFSRA. Was there clarity on what should be dealt with by the regulator and was there an...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Sean Barrett: And-----