Results 1,681-1,700 of 4,414 for speaker:Sean Barrett

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Yes. Right. Thank you, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Yes. The financial stability meetings from 2004 on ... if you could tell us your participation and what generally went on and what were the conclusions. Thank you very much.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Okay, thank you. You referred to, in your presentation, when First Active was acquired by the group, that some 700 jobs were lost. You also referred to the Ulster integration project which was to transfer functions into the Royal Bank of Scotland. Was there much job losses on that occasion also?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Was there much transfer of functions from local branch managers to the centre?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Because some people might say that when that was the system that banks were solvent and that the managerial reorganisation, integrations and transfers of functions, lost the connection between the manager and what risks were worthwhile in the local community and which ones were not.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Thank you very much. And thank you, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Thank you, Chairman, and ... the link with the Royal Bank of Scotland, you know, which had to be bailed out for £46 billion and in 2008 lost £24.1 billion, the largest annual loss in UK corporate history, that was unfortunate for Ireland that that kind of a bank was also trading here, wasn't it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Mr. Goodwin's pension was reduced from £550,000 to £342,500 in 2009. Were those kind of pensions paid in Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: The reduction of the pension by 38%, did something similar happen to executives in the Ulster Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Were there any reductions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Were there any pay reductions?

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Could I draw attention to the letters from the regulator, UBI - B2, pages 26 afterwards. You were saying to Senator O'Keeffe that lots of banks got these kinds of letters, but I have to point out for the record that there are two recommendations which are general findings and there are five more which are specific to Ulster Bank. In fact, they're called on page 26 Ulster Bank IL -"Specific...

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: You say on page 10 of your statement there was no apparent deterioration of the performance of the Ulster Bank group loan portfolio, but £14.9 million sterling had to be put into that, was ... so that was the deterioration that took place.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: The numbers you have on page 4, and discussed with Deputy Higgins, your advance is growing at 172% over four years, or second only to Anglo at 265% over four years, which was a major ingredient in the property bubble.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: You come in No. 2.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Now, you spoke earlier ... my final question, on branch banking, but on page 7 of your statement it says: "Ulster Bank branches held no lending authority and everything was transferred to Credit", with a capital C. Now, you were defending the local branch bank manager earlier, but it looks like, by what you said on page 7, that the powers were being transferred away.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: On HERMES to model property, there is no financial sector in HERMES, the ESRI economic model.

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Sean Barrett: Thank you. Thanks Chairman.

Seanad: Order of Business (5 May 2015)

Sean Barrett: I compliment the Tánaiste on her interview this morning on Newstalk. She very firmly put back in their places yet again rumours from the two airlines that Aer Lingus was about to be taken over by British Airways. It was announced in a Sunday newspaper that the Minister for Finance, Deputy Michael Noonan, and the Minister for Transport, Tourism and Sport, Deputy Paschal Donohoe, had...

Seanad: Report of the Working Group on Seanad Reform 2015: Statements (5 May 2015)

Sean Barrett: I thank our visitors for their work. In the United States former Senators hold on to the title of Senator. I propose we implement that reform in the case of former Senators Maurice Manning, Joe O'Toole and Pat Magner who is in the Visitors Gallery. In this country the Executive, the Government and the permanent government - senior civil servants - are far too powerful. Therefore, we need...