Results 2,001-2,020 of 4,168 for speaker:Susan O'Keeffe

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

Susan O'Keeffe: Well, I wasn't suggesting actually a majority. I was just trying to find out were there any.

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

Susan O'Keeffe: You mentioned your own property interests for ... I believe you said, for pension purposes. Did you enjoy favourable loan terms from Ulster Bank for any of that property or did you borrow from any other financial institutions or both?

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

Susan O'Keeffe: It was all in cash. Okay. Other bankers have said that they ... and I know you weren't there the night of the guarantee and I'm not asking you, but they said they were surprised that all six banks were covered rather than four. What went through your head when you realised all six were covered?

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

Susan O'Keeffe: Yes, but surely in the day after or the week ... you know ... I mean you must have given some thought, no?

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

Susan O'Keeffe: Okay. Just finally, I just notice and I just ... you might clarify that some of the passages in your statement here are repeated in your colleagues' statements and I just wondered why that might be.

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

Susan O'Keeffe: Yes, but there are passages that are pretty verbatim in each of your statements.

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

Susan O'Keeffe: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: Thank you, Chair. Mr. Torpey, in September 2007, 45% of Ulster Bank's group funding was provided by wholesale markets. By September 2008 60% of its funding was maturing within 1 year. I appreciate you may not have been at the bank at that ... in 2008, but you certainly are a banker so I'd be grateful for your view as to whether that kind of funding strategy was appropriate, and how would...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: Okay, thank you. In relation to the 100% mortgages, yesterday, Mr. McCarthy, on page 79 of his testimony says: "We were losing share of the first time buyer market". This morning, Mr. Torpey, you said: "We were grounded in the circumstances at the time", and Mr. Gallagher, you said it was "Of its time", the decision to grant them. I'm just really trying to get to the nub of this. You were...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: Well I know you say that, Mr. Torpey, and in fact we discussed that yesterday, but, I suppose what's puzzling is that now you are saying yourself it would have been better if we hadn't done it, and Mr. McCarthy said I accept we made a mistake. So if now you shouldn't have done it and now we've made a mistake, how is it that it was alright then to do it when in fairness that particular brand...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: Was it just pursuit of market share?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: Why?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: So in fact we're raising a red herring here, we shouldn't be worried about it, it didn't really make any difference anyway?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: We know that, we've heard of-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: Mr. Gallagher, I know that you've said that you were not involved in the night of the bank guarantee and we accept that. However, Mr. Boucher, from Bank of Ireland, told us yesterday that, you know, he'd met with the Financial Regulator at the beginning of September to discuss INBS, and that it was very serious, and that, from memory, he'd been asked for a quantum of about €4 billion,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: No, I'm not just looking for a statement of fact, Mr. Gallagher, what I'm trying to get at is what was going on inside the bank, were people talking and discussing it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: I'm sorry, Mr. Gallagher, I'm going to interrupt you because of the time constraint, I'm not talking about the year, I'm talking about that month. I'm talking about the fact that it was now clear ... people must have been out there talking, the dogs on the street, to use that expression, knew that INBS, knew that Anglo, were in perilous state. I want to find out whether, in Ulster Bank, you...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: So you felt safer.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: I'm sorry, well, it's a question. Did you feel safer or not, because of the support of RBS?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

Susan O'Keeffe: Okay. I want then, if I may ... I asked Mr. McCarthy yesterday about the fact that some of his statement looked like some of yours and he explained that he'd been briefed, and you acknowledged this morning that you were briefed also, by Ulster Bank, and given that you both left the bank ... all of you left the bank. I have to say though I am very puzzled by the response that you've made in...