Results 1,361-1,380 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Sean Barrett: Thank you, yes. There's lessons learned from recent events. You mentioned in your statement that there were 86 people working in the economics section.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Sean Barrett: And none ... no economists in your section. Did that ever arise, "Let's get some of the economists upstairs down to help us in this vital area"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Sean Barrett: And calling on your 38 years of experience in central banking as well, I think the principles-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Sean Barrett: Thank you, Chairman ... the principles doesn't work. Professor Black said fines would probably be paid by the company. Are we really looking for compliance at imprisonment in this sector for breaches?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Sean Barrett: Thank you, Mr. Neary, and thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Thank you very much, Chairman, and welcome, Mr. Grimes. You state in your opening statement on page 5, in paragraph 3, ''with regard to money and capital flows within the euro area, the Central Bank could not have [been] intervened directly to control such flows''. Could it have intervened indirectly?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Thank you. The core documents, Chairman. Vol. 1, page 4. There is a minute there, "Board discussions: 2006". Do we know what month that board discussion took place?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: June -----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: 2006-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Because the second sentence says ''The risks to the property market and the very high component of economic growth accounted for by the construction sector together with the rapid rate of credit growth are increasingly problematic." So, the people at that meeting ... who was with you ... that was ... the Central Bank board knew that in June 2006, is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Thank you very much. Now the question that was raised with you by Deputy McGrath - the material that's on page 57 of the same volume. You recall, Chairman, this had to do with Anglo and the Quinn CFD purchase and so on. And that meeting was on 8 July 2008. I think that's about 12 weeks before the events of 29 September and attending ... you were ... you were listed as an attendee and...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Because is does, as I think as Deputy McGrath was saying, illustrate very important knowledge. But I'm trying to see ... did anything happen because, you know, this knowledge which was available in early July ... about the difficulties that Deputy McGrath elucidated and your replied to? What happened? Was this knowledge just left lying around the place or did ... was did people go on...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Because page 6 of the-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Yes. If I may, page 6 of your statement has, as a duty of the Central Bank, to contribute "to the maintenance of financial stability both domestically and within the euro area". Was the ECB informed of the ... of the difficulties ... on these pages?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: And could I take up finally ... page 101 of that document? I think it's a Department of Finance document, is that right, written in January 2008?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: It says "The authorities in Ireland have practiced constructive ambiguity regarding financial stability planning to date. For the future it would seem appropriate to maintain this approach." Would there not be a case for precision and clarity rather than constructive ambiguity?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Thank you, Chairman. How many staff were involved in the prudential regulation of banks during your time as Governor?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Thank you very much and thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Thank you, Chairman, and welcome to Ms Burke. The memorandum of understanding between the CB and the FR, was there clarity in that division of labour between the two bodies?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Was it more or less the same people who used to do the job in ... before 2003, got a different administrative structure, wasn't that right, that there was about, I think in Honohan, there was about 30 people did prudence work beforehand on the Central Bank and it went to about 50, as you say? So there were no new people. So it's kind of strange that, to the outsider, that people who'd been...