Results 1,761-1,780 of 4,414 for speaker:Sean Barrett

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Sean Barrett: You mentioned the perks, I think, to Senator O'Keeffe. The core documents found at B1, pages 5 to 8, the absence, until 2011, which I think was your time, of a central register for hospitality, entertainment, marketing expenditure. Was that an innovation that you introduced or had it been taken in a matter of months before?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Sean Barrett: The internal auditor also found, in 2006, I think that Deputy Eoghan Murphy referred to it, not collecting money from people who owed it to the bank and, in particular, they mentioned in their internal audit that there were only three staff members in place in the Galway office who had the skills to manage cases on a daily basis and then they say, "The consequences would be ... would"-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Sean Barrett: Thank you, Chairman. AIB B2, Vol. 1 and it's page 21.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Sean Barrett: And ... and it had just three people in what seems a major part of the Irish economy, particularly in the Celtic tiger era, and they ... what your internal auditor said, "This could lead to the bank missing significant credit events on accounts and the subsequent financial loss".

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Sean Barrett: Yes, the page number in the booklet is 21, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Sean Barrett: And it's AIB B2, and I hope I've ... I've described that accurately, or correctly.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Sean Barrett: GGG01600 type: 1 --> Credit Support, that's the one, Mr. Duffy, yes. Was that a problem that was encountered?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Sean Barrett: There seemed to be a shortage of staff in Galway, and you spoke earlier about the change in corporate culture. Well, to the outsider, it seemed that up and down the country, management was ... the bank manager, who was an important figure in towns and cities, that his powers were all transferred centrally. Have you gone back to the Galways and the Tralees, and so on?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Sean Barrett: Some commentators and I think some of the institutions didn't much like the Central Bank rules on deposits, but I take it from your evidence you're a supporter of that rule.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Sean Barrett: How does your present regulation, SSM, work? Do you send data to them? Do they come to see you from time to time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Sean Barrett: The last one, if I may. The pillar bank, does that present the danger to the wider Irish economy of a duopoly between the two pillars?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

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

Seanad: Roads Bill 2014: Committee Stage (23 Apr 2015)

Sean Barrett: I move amendment No. 1: In page 11, between lines 2 and 3, to insert the following:“(3) The Minister shall require the Authority to publish a cost-benefit analysis of each road project a minimum of six months before approval of the project.”.I welcome the Minister to the House. I am particularly indebted to him and to the House because they facilitated a rearrangement of the...

Seanad: Roads Bill 2014: Committee Stage (23 Apr 2015)

Sean Barrett: I thank the Minister, as always, for his reply. Sometimes other Departments can be abolished. Will the responsibilities of the Department of Public Expenditure and Reform be returned to the Department of Finance by a future government? Will there still be people doing this kind of appraisal and so forth? I welcome what the Minister said about the strategic framework, which will be most...

Seanad: Roads Bill 2014: Committee Stage (23 Apr 2015)

Sean Barrett: I move amendment No. 2: In page 11, between lines 9 and 10, to insert the following:“(2) The Authority shall, on receipt of a request from the Minister, conduct research and publish advice on the appropriate taxation of heavy goods vehicles and their road track costs.”.This section Bill concerns advice on services, a matter we discussed in this House with a previous Minister at...

Seanad: Roads Bill 2014: Committee Stage (23 Apr 2015)

Sean Barrett: Much of the role to which I referred was previously performed by An Foras Forbartha Teoranta before it was abolished by a previous Government. As I understand it, some parts of its function were subsequently transferred into the NRA. There was a distinguished record of publication by people at An Foras Forbartha Teoranta such as Peter O'Keeffe, Patrick McGuinness and Colm McCarthy, the...

Seanad: Roads Bill 2014: Committee Stage (23 Apr 2015)

Sean Barrett: I thank the Acting Chairman for that clarification. I was not aware it was the case.

Seanad: Roads Bill 2014: Committee Stage (23 Apr 2015)

Sean Barrett: I am indebted to Senator Pat O'Neill and the Minister for what they have said. If we can think of any more ideas to bring forward next week, we will be delighted to do so, within the constraints imposed by the Joint Committee of Inquiry into the Banking Crisis. A thought I had regarding the Minister's second response was that engineering expertise was needed. Is it available in the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Sean Barrett: Thank you Chairman. You are very welcome, Mr. Forde. On page 4, part of the professional valuations were frequently but not always thought by AIB to evaluate property as a security. Could I refer to AIB before Vol. 1 on page 10. You were referring to part 2006 in your statement today, but the board minutes show this problem persisted two and a half years later, 2006, 2007 and half way...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Sean Barrett: Indeed. Thank you. It is page 10. It may be on your screen now. It is AIB, B4, it was issued to us on 31 March. The paragraph begins at the conclusion. In fact, the other two below it are redacted.