Results 1,201-1,220 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: Thank you. Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: Thank you, Chairman. Could I bring you ... you're welcome, Mr. Doyle, could I bring you to page 169 of Vol. 3, in the core documents, DDO?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: 169. It's an interview with you in, I think, 2010 on 14 October, "David Doyle, Former Secretary-General", and the second last bullet point is "The ECB's supervisory role with regard to the Central Bank was questioned." Could you give us your questioning of how the ECB supervised the Central Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: The second last-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: ---of the bullet points, yes. It begins, "By 2007 the damage was done", and the last sentence is: "The ECB's supervisory role with regard to the Central Bank was questioned." Could you give us your views on that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: Thank you. On page 11 of that volume, there's a letter to Mr. Jean-Claude Trichet, dated 30 October, from the Taoiseach's private office and it says, "I ... acknowledge receipt of your letter ... of 16 October", and it's copied to the Department of Finance and it's copied to the Governor. Was that unusual, at that time, that people would wait a fortnight and not reply to Mr. Trichet?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: Eleven.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: If I could come to ... on page 13-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: Okay. The last paragraph is that Mr. Trichet says: "I am writing to underline the importance that the ECB attaches to the exclusion of interbank deposits with maturity of up to three months from liabilities covered by the draft-scheme." So, we could have saved money if we'd responded to Mr. Trichet's letter?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: If you exclude people from a benefit, you save the money, isn't that right?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: I'll bring you to page 71 in that volume at point 28, "According to the Irish Government, Anglo is a fundamentally sound institution", and this was on 14 January 2009. That's what we told the European Union. It wasn't a financially sound institution at that stage. It was in all the evidence to the contrary.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: Who made the €8.5 billion estimate? I know you didn't, it was attributed incorrectly to you. Was somebody else at the meeting - in response from questioning by you said that they ... they were short €8.5 billion? Who said that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: And did this undermine-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: Does this undermine-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: On the ... in Vol. 2 on page 151, on the afternoon of the guarantee, there's a memo here, "Anglo currently 1.6 billion short." And then you were at the meeting with the €8.5 billion. So we shouldn't have said to the EU on 14 January 2009, Anglo is a fundamentally sound institution when we knew it wasn't.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: This .. the Vol. 2 of DDO on page 151 is a note that says Anglo on the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: -----the 29 September 2008 was €1.6 billion short and yet four or five months later we told the EU it is a fundamentally sound institution.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: Page 91 of Vol. 3, Ms Nolan estimates "a possible economic loss in Anglo's loan book over the next three years of €12.5 bn".
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Sean Barrett: It's page 91 of Vol. 3 and that's called Anglo's Capital Position. And it's €12.5 billion over three years.