Results 2,421-2,440 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Can I-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: And at point in terms of the ECB borrowing, would you have been recommending or did this fall into your bag that banks would be reducing their dependence on ECB, or do you remember?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Wherever you could find it. So, so you wouldn't be ... how ... you wouldn't be comfortable if a number of your banks were all knocking on the ECB door. You wouldn't be thinking that was a good thing.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Okay. On page 47 of Vol. 2 of Mary Burke's own documents, this is the letter that was written to you by the head of ... by the Bank of Ireland Group, and this is in relation to them being in breach of their limits, and they're replying to you, as your letter notes: ...Bank of Ireland exceeds the 200% limit in Real Estate, Renting and Business category. Bank of Ireland remains comfortable...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: I'm sorry. And then at the end they ask for, to be allowed to, that those limits should be reconsidered. So, I'm just wondering what would ... what was the view then of that kind of letter? And there were others, I know, but what was the dialogue going on here at that time between your department and the banks-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: -----and their breaches?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: It's all right.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Thanks Chair. The inspection of commercial property lending exposure that we talked about before in Vol. 2, can you just confirm whether the results of that would have been passed upwards? Wwould the Central Bank have known about that inspection and the level of, you know, would that have been passed through automatically?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: When you talked earlier about the now-famous seventh floor, can we just be clear, those meetings that took place between those executives and bank executives, were they minuted and were those minutes passed back to you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Finally, the report we spoke about earlier, that you completed on 10 September, the outlook for liquidity.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: I'm sorry - your department. That was obviously, roughly two weeks or three weeks before the night of the guarantee. Would your department have had any further involvement as the crisis escalated into that period of time, would you have been asked for any more information, would you have been supplying information to the Central Bank, to the regulator, to the Department of Finance, in that...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Sure. But you were part of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Would you have been at those meetings yourself-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: And so, finally, would you have taken the view that on the night of the guarantee, that the financial institutions were solvent, all of them, or not? Given what you knew.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Thanks, Chair. Mr. Horan, on page 11 of your statement you say from a supervisory perspective these two issues are considered to be very closely related as liquidity issues in banks can quickly give rise to solvency problems and vice versa. I mean, in the context of this, every time we raise the word "solvency", everybody runs off into the distance, but when we talk about liquidity, we're...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: So at the time as it closed in through July, August, September, and it was clear that there were serious liquidity issues with many of the banks, and some more acutely than others, is it fair to ask then whether discussions that were being had with all levels, among all different groups of people, yourself included, I'm sure, were also considering the solvency of those institutions and...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Given you'd had ... there was a liquidity crisis which, as you say yourself, roughly started around August '07 had now been running for a year ... I mean, does the length and depth of a crisis of that kind not escalate the fear of insolvency? I mean a liquidity crisis of a week you might say, "yes, yes that's fine", but this is a year?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: We heard evidence earlier from Ms Burke about meetings that took place on the seventh floor, to use that expression, between senior executives from banks and senior executives within the Financial Regulator and Central Bank, I think. Were you ever party to those meetings, do you know what that's about, that these were meetings that were not minuted and were not discussed then, by and large,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: No no, we're talking about earlier than that, she was talking about a period before that, 2006, '07, '08.