Results 2,021-2,040 of 4,168 for speaker:Susan O'Keeffe

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

Susan O'Keeffe: Yes, Mr. Torpey, it is.

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

Susan O'Keeffe: But, Mr. Torpey, that's not to answer the... you mean you-----

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

Susan O'Keeffe: Sorry, Mr. Chairman.

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

Susan O'Keeffe: But-----

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

Susan O'Keeffe: This committee has tried both with Mr. McCarthy and with yourself to try to get to the bottom of what were the challenges being raised, the queries being raised and both of you have opted to explain to us that the Financial Regulator was very formal and that it was very on the ground and he wrote everything down. Quite frankly, it's odd that your answers are both so similar to what has to be...

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

Susan O'Keeffe: Thanks, Chairman. Mr. McArdle, can you just confirm to me the evidence that Mr. McCarthy gave here that said stress testing tests were supplemented by macroeconomics stress testing, involving input from Ulster Bank Group economics, and John FitzGerald of the ESRI. Is that correct?

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

Susan O'Keeffe: And he also went on just to say later we had stress testing from the ESRI. So that's...

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

Susan O'Keeffe: You accept that. Okay. So Mr. Beggs, I am just puzzled here because Mr. FitzGerald-the ESRI did do stress testing for the Ulster Bank. And I think you said that one of the reasons that there was some problem with funding or that the ESRI couldn't take on a private job, so in relation to your own remark.

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

Susan O'Keeffe: When was it, Mr. McArdle?

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

Susan O'Keeffe: Okay. Did you realise that had happened?

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

Susan O'Keeffe: But you were talking about it in a private capacity. Mr. McArdle, can you clarify whether it was the ESRI you hired or Professor FitzGerald?

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

Susan O'Keeffe: Mr. McArdle, on page 3 of your own statement you said: "We didn't stress-----

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

Susan O'Keeffe: Of your own statement this morning ... this afternoon, your opening statement, I'm sorry. You said: "We didn't stress test for real estate." Why was that?

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

Susan O'Keeffe: Maybe. "The problem was not house prices, per se, but ... real estate lending and we did not spot it or stress test for it."

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

Susan O'Keeffe: Yes.

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

Susan O'Keeffe: Should we ask somebody else from Ulster Bank to come ... if it wasn't you did, in fairness to you, Mr. McArdle?

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

Susan O'Keeffe: On page 4, again of your own statement, Mr. McArdle, you say, "... the alarm bells should've been ringing in Dame Street for the best part of a decade." You were talking about the whole idea of "An annual growth rate of 20 per cent real is often taken as the trigger ... Anglo Irish Bank, crossed in eight of nine years." Now and you were referring to Professor Honohan there. Surely...

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

Susan O'Keeffe: Didn't know?

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

Susan O'Keeffe: Okay.

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

Susan O'Keeffe: But in fairness everybody knew that Anglo's growth rate was extraordinary, that they were-----