Results 2,361-2,380 of 4,168 for speaker:Susan O'Keeffe

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Susan O'Keeffe: There was a discussion around about the idea of describing all the banks as being solvent when the press release or the Taoiseach's statement was going to be issued the next day. There was a debate about whether they should all be described as solvent or not. Do you recall that debate and were you part of it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Susan O'Keeffe: When you were at those meetings in Government Buildings were you there, was the Financial Regulator in the room at the same time as you, or their representatives I mean, or were you separate do you recall?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Susan O'Keeffe: Do you recall if there was a suggestion made that there should be nationalisation for one and a guarantee for the rest?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Susan O'Keeffe: I'm sorry. Was there ever a suggestion on the table that one bank would be nationalised and the remaining five would be guaranteed?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Susan O'Keeffe: Okay. Can I ask one last question?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Susan O'Keeffe: In a letter that was written subsequently, and it appears in Vol. 3 of your - it was written I think in May 2009 and it just refers to, it was a sort of a reassurance being given that Anglo was of systemic importance. Do you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Susan O'Keeffe: I'm sorry, I can't find the page. Do you recall writing that letter? It's right at the end of the book, I think.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Susan O'Keeffe: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Susan O'Keeffe: Do you recall writing that letter?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Susan O'Keeffe: Yes, and you describe the bank as being of systemic importance. Sorry I can't find the references.

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Susan O'Keeffe: Yes. Because I think, was that the first time that the Central Bank had said that in writing, that Anglo Irish was a bank of systemic importance?

Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)

Susan O'Keeffe: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Susan O'Keeffe: Thanks Chair. Can you tell me Mr. Grimes, why do you think that the stress tests that were carried out by the bank, by the Central Bank, failed to foresee the severity of the crisis?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Susan O'Keeffe: But you were senior manager at the bank.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Susan O'Keeffe: Okay. So it is not something you can discuss.

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Susan O'Keeffe: At the time Mr. Grimes, as opposed to now with hindsight, do you think that the Central Bank was responding in a timely fashion? I am talking here between August 2007 and September 2008. As you were going in and out of work every day, did you think at the time that the Central Bank was responding in a timely fashion to the local dilemmas that were facing you and the international...

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Susan O'Keeffe: No, sorry Mr. Grimes, I am asking you to recall at the time, did you think when you went in and out of work we're going a good job, we're doing a great job, we're doing a poor job, it's very difficult. What were you thinking?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Susan O'Keeffe: Do you believe Mr. Grimes that the Central Bank was independent of Government?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Susan O'Keeffe: Do you believe that the board of the Central Bank was independent of Government or, if you like, of political parties in general?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Susan O'Keeffe: Do you recall whether the Central Bank met with any representatives from the Construction Industry Federation in the time that you were discussing and the time that you were involved?