Results 1,081-1,100 of 7,975 for speaker:Joe Higgins

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Yes, but the point I've been trying to tease out is why that? And then the IDA ... you know, a very serious body in this country, said to businesses and to banks coming in, "The Regulator has disapplied its powers of supervision." It was policy, was it or was it not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: In a Ship of Fools, which is a book by Fintan O'Toole, the IDA is quoted verbatim as saying, in attracting in these enterprises, that "The Regulator has disapplied its powers of supervision."

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Okay. Can I ask you then, lastly ... or maybe second lastly.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: A few years ... not too long, but a few years after you retired, Mr. Patterson, you were quoted in the Irish Independenton 4 December 2010 ... I couldn't find the speech unfortunately, but you're quoted as saying in relation to the bubble and the crash, "We were all responsible"... this writer said that you said, "We were all responsible," he said, several times in a speech that extolled,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: No.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: It is in Kilkenny, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Yes. He also says, incidentally, Mr. Patterson, that you vowed at that meeting in future to avoid negativity, no longer read Morgan Kelly, no longer watch Vincent Browne, read Shane Ross or listen to Joe Duffy. Can I ask you: do you agree with Mark Carney that there should be jail for bankers and financial institution senior personnel who deliberately defy regulation and laws?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Joe Higgins: Should they go to jail?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Joe Higgins: Yes. Ms O'Dea, can I ask you, when you were consumer director, and in the period of the development of the bubble, do you think there was a shortage of people and skills in the banking supervision department at that time and, then as you went on to chief executive in February 2009, what was the situation then? We had in evidence from Mary Burke, for example, that three staff were...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Joe Higgins: Who is this now?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Joe Higgins: If I may ask you ... a bit earlier than that, in the course of the bubble being blown up, which was quite a feature publicly in the newspapers and certainly you would have been in a central role in the regulator - I mean, you were on the board all that time - was there no alarm bells going off in relation to the amount of lending, the price of homes, the type of speculation, profit...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Joe Higgins: Can I refer to the evidence ... core document page 54-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Joe Higgins: Vol. 1.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Joe Higgins: And it'll come up on your screen there. The bottom half of that page ... this relates to discussions on various committees about staffing and it is 2008 when alarm bells were going off in relation ... and yet there seemed to be a discussion here on staff saving, cutbacks. Can you tell us what's that about?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Joe Higgins: Ms O'Dea, at a time when it was clear that far more supervision and staff essentially was needed, was the pressure for the opposite to happen?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Joe Higgins: And if you just go to the next page then, Ms O'Dea ... 56 of the same document.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Joe Higgins: Remuneration and budget committee and all subcommittees, it relates to the period around 2010, or projections for 2010, 2012: "The complement [of staff] should be augmented by 275-300 staff to ensure appropriate supervision of regulated entities". Quite a significant increase. Did you have any feeling at that time of, you know, the horses were away over the horizon, that it was a pity that...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Joe Higgins: Can I ask you in relation then to the period around the bank guarantee, did the Financial Regulator carry out any additional investigation or analysis after the loan book analysis that was conducted by PricewaterhouseCoopers into a number of the key banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Joe Higgins: Yes. Now, you say, when you became acting chief executive officer that a more intrusive approach was being adopted by the Financial Regulator with regard to getting into the banks, getting the information. What was the attitude of the banks to this new approach?