Results 1,381-1,400 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Your 50 that you mentioned in your presentation to us, that's out of a staff of, what, 1,200 or something? Is there anything to assist the committee in why ... what we're investigating seemed to be so small overall in the allocation of staff in the organisation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Do you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: I'll come to that in a minute, if I may. The European aspects: was it the regulator's job to communicate with Frankfurt and the ECB, or how was that connection made?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Thank you. Now, Senator O'Keeffe referred to the correspondence you had with the Bank of Ireland. Now, if ... I may refer to other correspondence in the Vol. 2, Mr. Chairman, and there's page 15, that's a communication to the EBS. There's page-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Indeed. Thank you. Thank you, Chairman. And there's page 43, AIB. There's the reply from Bank of Ireland on page 47 that Senator O'Keeffe has referred to, and there's a ... there's another one to Bank of Ireland mortgage bank, page 57; and Ulster, page 61; and AIB, page 69. Only one bank seems to have replied to you. I see your letters out, and they're very comprehensive, telling you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: That's right.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Okay, thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Yes. There's 57 and 61 and 69 and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: -----and there are advices to them and no replies. That was what was interesting. Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Yes, and then the last ... 61 and 69, thank you for those, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: So, thank you, Chairman and thanks again, Ms Burke. So, the Bank of Ireland reply that you spoke about with Senator O'Keeffe ... "we felt comfortable" ... I mean, that seems very strange to the outsider, you know, if-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Yes. Just to ... I appreciate what Ms Burke was attempting in the letter but, I mean, would I say to a policeman "I feel comfortable driving down the middle of the road. You know, thank you for the advice that I should really be on the left". I mean, it is normal way to react to a regulator to say "Well, we feel comfortable doing something else"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: Was there a general reluctance to be regulated in the industry?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: And as you say on your statement to us ... sorry, mine hasn't got page numbers. It's on page-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: It's on page 3, "it should be noted [the] standards were non-statutory and [therefore] not enforceable". Was it ever considered that we'd better get around to Leinster House and get some legislation, because if this is not enforceable, well, we couldn't have predicted what happened in 29 September 2008 but was a more organised system ever considered?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: You say, "I saw no evidence" of a strong link between macroeconomic and prudential policy. Is that still your view, reflecting back on that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: And what difference would that have made if we had a better connection?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Sean Barrett: You've had to, I think, advise banks on loans-to-deposit ratios, sectoral concentration and even keeping better records. Would that be a reflection on some of the work you've done in your communications with banks?