Results 2,221-2,240 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 managing it, you could see then-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: I'm sorry, what was the expression you said, managing the downside. I'm sorry, I'm just trying to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Okay. So you were happy. So, when you, I'm assuming you are familiar with the Atlas report, and you'll know some of the observations that were made there at that time, in September 2008.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Yes, sorry it's book AIB - C2C.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Are you familiar-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: Okay, well, I wasn't proposing to throw everything at ... I was merely going to say that the group's criticised loans, including watch, vulnerable and impaired loans, are graded eight to ten. These are "loans which exhibit weaknesses, where payment is in jeopardy, or where there's objective evidence of impairment. In addition a portion of the group's criticised loans are included in grade...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: With the support of Government?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Susan O'Keeffe: But without that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Susan O'Keeffe: Thank you, Chair. Good morning. Mr. Murphy, in the seven years between 2004 and 2010, your firm would have earned a total of €66 million for the work that you did at Bank of Ireland. Obviously, that is split between the audit and the other work. So while I appreciate we're here largely to talk about the audit, I'd just ... I'd like some clarity, maybe, on ......
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Susan O'Keeffe: For clarity, Mr. Murphy, would the people concerned in the non-audit activity be completely separate to the audit team or would there be a crossover?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Susan O'Keeffe: In any way, would the people involved ever have had a conversation or been invited to have a conversation with the bank where, if you like, there'd be a joined-up presentation by PwC to the bank, you know, saying, "Well, we found all of this and here you go, here's a clear picture"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Susan O'Keeffe: Okay. So they weren't ... there wasn't a Chinese wall environment going on.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Susan O'Keeffe: Given the scale of the earning, was Bank of Ireland one of your biggest or, indeed, perhaps your biggest - perhaps you could tell us - client?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Susan O'Keeffe: Did I hear you correctly to say that you'd been auditing Bank of Ireland since 1990? Is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Susan O'Keeffe: And I think you talked about the quality of the relationship between yourselves and the bank being a good one.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Susan O'Keeffe: Do you believe that the longevity of your relationship could be perceived to have an implication of closeness? Do you see why people might observe that and say, "They've been the auditors for such a long time; they must know each other very well"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Susan O'Keeffe: In your view, did the firm's audit team have sufficient banking and, particularly, I suppose, property experience, given what we saw in the growth of property-related investments by the bank over that period of time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Susan O'Keeffe: Sure, of course, yes. Mr. McDonnell?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (20 May 2015)
Susan O'Keeffe: You might ... because there is such, I think, a mixed perception of what auditors do, could you just indicate what size of a team you might have had in place over the average year and whether or not that team was working constantly or for a period of time, you know, very hard and then there is a gap, or how does it function and how often are they in and out of the bank, the actual physical bank?