Results 2,381-2,400 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Do you know why they ... what the meeting was about?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Their members being developers.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: But just the one meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Do you recall Mr. Grimes, whether when the financial stability reports were being presented across 2005, 2006, 2007, do you remember any discussion about changing the tone of those reports, about removing material that might have been difficult or that would be suggesting that things were more difficult than they were or do you believe that they were treated fairly and put out as a fair...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: There were not people in the bank, you know, working in the bank saying "we really should be putting this in" or "this piece is really important" and senior people saying "let's take them out because that will reflect badly on the bank".
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: By the end of 2007, two financial institutions were already highly dependent on ECB money for their liquidity, in fact the same two institutions that Deputy Higgins was discussing with you earlier. So from that time on, they were under pressure. Would that be a fair way of describing their position?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: One of those two institutions had its credit ratings downgraded significantly at the beginning of September. Were you present at the meeting that took place over a ... the first weekend in September, at which representatives of two major banks were present to discuss what to do with this institution because it was in crisis?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Okay. At that meeting, there's evidence given by Mr. Boucher over several pages, but he says "we [looked] at, from memory, ... a quantum of around ... €4 billion and we fed back to the regulator that we weren't comfortable, that wasn't an accurate picture of what was needed" and then he went on to say: to be honest, I felt we should get out of the building ... "We can't support...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: No, sorry, Mr. Grimes, these are people meeting in your offices talking about it, not the market.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: I'm talking here about your own ... you guys.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: But the regulator-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: But the regulator's side would have surely reported this to the bank's side in the ... no?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: You didn't know?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Okay. So, going back again if I may, in my last bit of time, go back to the minute that we discussed earlier. How ... what other way can you describe what that means? If institution X could be €2 billion after capital and institution Y could be €8 and a half billion after ... what does that actually mean then, if it's not suggesting insolvency? What does it actually mean?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: No, I understand that, Mr. Grimes, because you said that earlier, but the point is, what do those figures mean then?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: You don't-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Do you then ... finally, do you believe that the banks, all of them, were solvent on that night when that guarantee was agreed by all the people sitting round at that table? And was the ... can you recall whether the NTMA was present at any of those meetings in Government Buildings that night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: There's two parts.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Sorry, say again, Mr. Grimes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Yes.