Results 1,661-1,680 of 4,414 for speaker:Sean Barrett
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: Were there concerns about the inflationary aspect of such a large increase?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: Could I refer to B1 for Ulster Bank, Chairman, on page 6?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: It should come up on your screen.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: It concerns a-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: UBI, page 6 ... it's the board meeting that is held in Carrickmacross, County Monaghan-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: "Professor [Niamh] Brennan queried the level of sanctions outside limits, especially with regard to those which breached the loan to value and the debt to service ratio limits.", and she raised those concerns in June 2004. And when we look at later documents ... for ... on this occasion ... to UBI - B2, page 21 ... that three years later the problem that Professor Brennan raised didn't seem...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: Because the regulator reported in February 2006, there is "no evidence that ... exceptions to policy ... are being reported to the board".
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: I see. Now could I come to the other regulatory issues, which are in the same volume beyond that one, UBI - B2, page 23. Now the first item on page 23 is a letter from the regulator dated 24 July, pointing out that correspondence of 12 March about regulation hadn't been replied to. Was that normal? What's that, about four and a half months without a reply?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: Because the queries raised in their documentation to you from the banking supervision department, March 2008, included their concerns for security of loans, reluctance of large developers to provide an independently-certified net worth statement, group exposures, that UBIL understanding of the wider group is extremely disappointing, wider group liquidity, the bank not at a position to have...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: Because you can appreciate that this was going on in March to July 2008 and the banking system was pretty soon going to get in all these problems and the regulator did have, did have those concerns. The regulator was also concerned about the low percentage of your funding raised from deposits and in particular that you were bringing resources in from the Royal Bank of Scotland. Was that ......
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: Is it possible to regulate the sector in Ireland if banks with connections outside the jurisdiction can finance their lending from that source ... has the regulator control over that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: But was it an ingredient of a property bubble, that was happening at the time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: Thank you. On 29 September, were you aware of the momentous events that were taking place in Dublin on that day?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: And did you form a view afterwards of the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: Should any bank be allowed to fail?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: Was there sufficient value from auditors to bankers in Ireland during that period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: And was that true of the internal audits also?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: The internal audit report of December 2006 found lax controls under the disbursement of mortgages, inadequate and ineffective control of documentation required to obtain legal title over mortgage properties and no clearly defined process or controls for the handling of non-performing debt. Was there a response to that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: Could you describe for us, then, and those at home, the outcomes of the round table discussions held with the Central Bank in relation to the financial stability reports from 2004 onwards?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Sean Barrett: Now, it's on page 15 of ... it is ... so maybe I should make the question general, in the absence of putting my hand on the document, Mr. McCarthy.