Results 1,701-1,720 of 4,414 for speaker:Sean Barrett
- Seanad: Report of the Working Group on Seanad Reform 2015: Statements (5 May 2015)
Sean Barrett: In the Seanad 31 Members voted for its abolition, while 24 Members voted to retain it. In the Dáil 88 Members voted for abolition of the Seanad, while 33 Members voted to retain it. Sinn Féin changed sides. Therefore, not more than one quarter of the Members of the Oireachtas supported the retention of the Seanad, but the people did. In Croke Park it is the captain of the...
- Seanad: Report of the Working Group on Seanad Reform 2015: Statements (5 May 2015)
Sean Barrett: Yes, it was stated on a poster that the Seanad cost €20 million. It never cost €330,000 per Senator per annum. Parliament should be strengthened. The Seanad is an artificial construct, but so is the d'Hondt electoral system in Northern Ireland, of which Sinn Féin has availed. As stated on page 17 of the report, we were asked ensure the incorporation within the State of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: Thank you Chairman and welcome Mr. Goggin.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: You said that when you discussed the 100% mortgages with the regulator in mid-2006, your proposal was a 90% one and that he said to you: ''It's not my job to intervene in markets''. I hope I got that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: Could you expand on that? How ... why did he not want to intervene? Was that not the function of a regulator in many ways?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: And were there other instances of that so called light-touch regulation' that you found in your discussions with the regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: And did the regulator come to the bank or did you go to see him?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: And after the introduction of the euro, did the regulation in any way move from Ireland to Frankfurt?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: So did you ever meet any officials from the ECB?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: So it was networking rather than regulation.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: And Mr. Trichet was presiding?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: Was there concern about ... you mentioned about the level of wholesale borrowing, although you're fairly at ease with it. Other economists would be worried that it was a source of instability because those said funds can flow away. Was there concern that the way the euro was designed could bring down banks in small countries with those massive flows in and out?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: You mentioned to Deputy McGrath that the loan-to-deposits peaked at 176% in 2008 and it's 120% or so currently. Is that broadly -----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: And the other index of that kind that's presented to the committee is concentration on two sectors. Now it seems from what you've been saying that you decided to concentrate on construction and they recommend 250%, isn't that right, for the concentration of the two sectors? What was the highest figure that Bank of Ireland went to, can you recall?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: As the banks in 1783 you were describing was going towards having to be rescued. Did your accountants, PwC have any observations in 2007 and 2008 that there was trouble imminent?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: And there was a 43% discount on your properties transferred to NAMA. Do you know now did you fund any ghost estates?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: Were there contrarians at all in Bank of Ireland when people like Morgan Kelly began to write about this and whenThe Economist house price index showed that Ireland was way out of line in house price inflation. you know, all through the period leading up to the rescue and the bailout?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: I will indeed. Thank you, Chairman.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: Did anybody table thatThe Economisthouse price index because it would have warned people that Ireland was way out of line in house price inflation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Sean Barrett: Thank you very much, Chairman.