Results 1,261-1,280 of 7,975 for speaker:Joe Higgins

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: Was the Minister for Finance present at that meeting?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: Thank you. Mr. Grimes, you said to Senator O'Keeffe that there was no evidence that the banks were insolvent on the night of the guarantee. Can I ask you by which ... which definition of "insolvency" were you ... had you in mind when you made that statement?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: Ms Burke, who was on the seventh floor?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: No, I know, but the level of responsibility.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: So the very senior people in both the regulator and the Central Bank were on the seventh floor?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: The ... the top brass, one might say, perhaps.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: Yes. Ms Burke, what impact, in your opinion, did the size of the supervisory teams in ... on the banks have on the supervision of some of the key prudential issues, especially issues of liquidity and capital considerations?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: But with ... for example, you say in your evidence, three people looking after Bank of Ireland and Anglo combined, and another three looking after Allied Irish Banks and IL&P combined.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: You ... you say that it was impossible for them to really track the serious issues that was going on in the banks.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: Yes. Did you hear the auditors' evidence to this inquiry?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: Would you be shocked, or not, to hear that in the audit of one of those institutions - AIB - the auditor had up to 200 staff necessary, they felt, to do the audit?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: Would that cast into a very cold light the paucity of resources that the regulator had previously?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: Okay. Can I go very quickly to your written statement, page 3, and this relates to the International Financial Services Centre and I quote, which you did already, some of it: Other factors which I consider influenced the approach to regulation and supervision were [the Financial Regulator's] mandate to promote the financial services industry and the existence of the International Financial...

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: I did.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: No, I ... putting a ... I was posing just a theoretical question to you in the event was ... well ... did this play into the fact that The New York Timesin 2005 could refer to Ireland and its financial system as the wild west of European finance?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: Yes. Okay, let me sum up so, Chairman. In page 7 of Ms Burke's written statement again - and the Chairman alluded to this - and you are speaking about the relationship between what I would call perhaps rank and file members ... workers in the IFSRA and more senior executives. Could I put it to you, Ms Burke, that what you portray there to an ordinary person might seem as an extraordinarily...

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: Could things have been-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: Could I listen to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: Mr. Horan, in September 2008, were you involved in any discussions in the Central Bank, or regulator, in relation to the potential insolvency of any financial institutions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Joe Higgins: There was reference this morning about a high-level meeting on 26 September, where the Taoiseach, the Minister for Finance, the Governor of the Central Bank and others attended, and there is a question comes out of that as to whether two particular institutions were insolvent at that time. Were you aware of any of that discussion?