Results 2,181-2,200 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: So you were all very concerned at that point.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: So can you tell us ... that happened on 7 September. Why was it then that there was radio silence between 7 September and thereafter about INBS, given where you ... what you were thinking of at this point?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: It says at the end the governor and the group chief executive should then assess whether to directly approach the Government to convey the group's assessment of the situation and explain the reasons why Bank of Ireland couldn't accede to the Financial Regulator's request. Did you do that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Did you approach the Government?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Why was that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Even though there was funding gap of €4 billion and you'd been asked-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: -----to rescue it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: So, you'd been asked to rescue it, and you didn't then go back to Government and say, "We're not going to rescue it". You didn't think that was appropriate.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Okay. When Mr. Boucher was here, he gave us a document called Financial Market Development and Scenarios, exhibit B3, and, in this document, which was given to the court, and he said himself on page 11 of his own testimony, that this document was written, he wasn't quite sure, but it was either the first or the second week of September. It was a fairly comprehensive document, in which...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: And one of the available management actions, in the long list, capital raising, to have a rights issue, a one-for-two rights issue at about 40% discount, would raise €1.7 billion post-transaction costs, and add 1.4% to equity tier 1 ratio at March '09. Obviously, things ... this is a serious option, was it pursued?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: And then, were any of the options, do you recall, that were laid out here, pursued?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Do you accept, Mr. Burrows, that this document indicates the very, very serious matters that were going on inside your own bank at that time, and that you were talking about stopping? You were talking about increasing deposits, you were talking about stopping - no, it is the last question - you were talking about stopping lending and so on, that everything that was laid out here would...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: And could I just follow up and say ... you didn't spare blushes, can you recall, Mr. Burrows, whether AIB similarly didn't spare their blushes, so to speak, and shared their, you know, their own ... their internal matters may have been different to yours, but did they share them in the way that you did?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: No, but can you remember if there was equally a conversation, of them saying, "Well we have our own concerns".
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Okay, so you both shared your concerns about your own situation with Government at that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Your own situation, I mean, as well as?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Thank you. Thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Thanks, Chair. In a note that was provided to us when Mr. Gleeson was here, Mr. Gleeson described the regulator. He said he was a hopeless regulator. What was your view of the regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: You said earlier, when we were talking about the payment of the dividend, you said, "We didn't have to form a view on the paying of a dividend." You didn't have to, but did you? You may not have had to, but did you actually?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: On page 25 of your ... of the ... our document ... core document Ernst & Young, there's a note, I think it was written in relation to EBS as it happens, but the sentence under the heading, "Background", says, "We have identified from our market knowledge that there is a potential going concern problem for EBS"-----