Results 1,121-1,140 of 7,975 for speaker:Joe Higgins
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: Has that been changed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: And then abuse of financial services.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: Mr. Roux, do the financial ... the financial regulation divisions within the Central Bank currently at the moment, are you confident that there is a good knowledge and understanding of what is currently required for effective and stringent regulation? Have ... has the bank learned considerably from the disaster that happened, the crash, the bubble etc.?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: Finally, you said that even huge fines apparently are not a deterrent from major international banks from misbehaving badly. Do you think it is feasible that private institutions should have massive powers over the lives of hundreds of millions of people? Would public ownership and democratic control of these major institutions be a much more viable way for society?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: Mr. O'Connell, how many staff had you in your economic section of the Central Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: Fifty or 60. During the bubble period, you had that number?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: And, did you have ... did the staff meet regularly or ... in relation to the issues of the day?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: And what would've been the main subject of the meetings?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: In relation to ... I mean, the talk of the day up to 2007 was really the property bubble. The massive increase in lending and the price of a home for an ordinary person that was just going crazy by any standards. Was ... did that feature prominently in your meetings and discussions?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: Was there general agreement among the economists in your section that this was an extremely dangerous development?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: And, can you just clarify then, what's ... what reporting ... the most senior person in the Central Bank was the Governor, then you had the deputy governor. Can you just take me down a little bit from there and put yourself then, in the position of reportage?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: As far as you were concerned?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: So, for example, in order to get ... in order to get, say, a serious issue onto the board of the bank, who did you have to convince?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: And were you on a equal status with those people?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: Okay-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: Were you on the seventh floor as-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: Does that mean that you had regular, almost daily, weekly certainly, access to the Governor, the deputy governor and those-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Joe Higgins: And these really serious issues that you say you had with the price of property, and the scale of lending, did you discuss that regularly with the Governor then?