Results 1,301-1,320 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Thank you. This is the last one, Chairman. Thank you very much.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Thank you very much. And thanks, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Thank you, Chairman. Welcome, Mr. Roux. What's your view of the boards of Irish banks since you took over as the deputy governor in October 2013?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: And the board of the Central Bank in the same context of the same question? Has it changed since you came as the deputy governor?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Thank you. The European dimension to this ... the ... page 103 of Vol. 1 has an estimate that the bank crisis cost Ireland 40% of GDP. What would be the equivalent figures, if you can remember, from say, France and Germany for the bank crises there?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Alan Ahearne from ... maybe one of your colleagues, on one of these committees, he wrote in the Brian Lenihan book, "An additional dimension to Ireland's crisis was the country's membership of a poorly constructed, and at times dysfunctional, currency union." Did that apply in the period before the reforms you've described for us?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Are the new standards you described rigorous enough? We've had evidence that the capital requirements for banks should be raised two or threefold.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Are banks in Europe up to the standards of Canada, Singapore and Australia?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Do Irish banks appreciate the dangers of their property concentration-fixation, historically?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: And their sources of funding becoming dependent on wholesale rather than deposits, is that issue being addressed by Irish banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Sorry, the problems that arose from wholesale funding rather than the traditional base which was deposits.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Thank you very much. Thanks, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Thank you, Chairman, and welcome back, Mr. O'Connell. Looking through the CBFSAI reports between 2004-2009, could it be said that the emphasis was on economic development, retail sales, industrial output, the live register, productivity, inflation, house prices and so on, and not sufficiently to the financial aspects of the banking industry, which, I think, we're agreed is what brought us...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: And could you just expand briefly on how this information was communicated to Europe? There is a ... on page 64, "the Bank was not aware of ... action ... taken by [any] other national central banks in the Eurosystem, which the bank", i.e., here, "was not already taking".
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Yes, on restricting credit growth, because we had this very large credit growth in excess of the other countries in the eurosystem and was that communicated to Europe or proposed or discussed at any of the meetings that you were at?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: And the HERMES model, Professor FitzGerald gave evidence ... it didn't include a financial sector. Was that ever discussed at, at meetings where, where you were present?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: The phone call to the ESRI about the Alan Barrett article. Soon afterwards, as you know, all the independent articles were dropped from the quarterly economic commentary, it just became an in-house ESRI thing. Were those events connected? Was the ESRI worried that it was annoying the Central Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Sean Barrett: Okay, thank you very much. Thanks, Chairman.