Results 2,441-2,460 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Okay. I think you said earlier that when you tried to introduce those measures about increasing capital for high loan-to-value mortgages in 2005-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: -----you said you encountered the difficulty, environment of groupthink, I think was the expression that you used.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: All right, okay. Was there, I mean, you said I introduced measures in a "difficult environment of groupthink", I'm sorry, was that the only thing that was going on there, do you think, it was just groupthink, or was there other resistance to change, and if so, what might that resistance have looked like?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Just finally, were you disappointed in 2005 when your attempts to intervene, if you like, were turned down?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Or frustrated.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: And they prevailed.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: Thanks, Chair. Mr. Neary, when risks were identified by the financial stability reports, what actions were taken, and who was accountable for them? Or was it a version of "passive awareness or active awareness", to use your own words?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: Risks were identified by the financial stability reports. What actions were taken, and who was accountable for them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: Mr. Goggin, when he came in here, gave evidence on ... and it's on page 19, but I'll just tell you roughly what he said. He said he had a meeting with you at which you both discussed 100% mortgages and the worries around them. And he said to you, he said "My reaction to him [that's you] was that he was wasting his time [talking about applying higher capital weightings to 100% mortgages]"....
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: When Ms Burke was here with us yesterday and she talked about those meetings on the seventh floor and you've given, you know, your account, but she did say, when I asked her if those meetings were minuted and the minutes shared with her, as head of banking supervision, she he said "I don’t believe, I rarely if ever saw what one would call a minute. You might get feedback, particularly...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: She says that she was not. She said those meetings were happening and that there were no minutes that were ever shared. And you're saying that you don't know why that is?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: No, she wasn't actually talking about that, Mr. Neary, she was saying that this was something that happened all along. She was ... she actually said she understood there were more meetings at the end but that in the ... in the lead-up to that time there were constant meetings. But you have ... your ... that's not your recollection, you've told us earlier.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: In relation to the contracts for difference, if I could just take you back. Again ... and I'm not meaning to go into the detail of this, but it's about the minutes of meetings. You said, when you were giving evidence in relation to your meeting with Mr. Drumm, there were two meetings and, again, there were no minutes or no records of those meetings. And I'm just wondering why would there...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: But, Mr. Neary, it was clearly a very important meeting as it turned out.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: So perhaps a minute of the meeting, no? You still didn't think it was important enough to keep a minute of?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: Okay. Who in the Financial Regulator's office authorised the famous golf balls with the Financial Regulator's logo on them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: And why?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: But what was going through the mind of the ... of the regulator's office that it would be an appropriate thing to be out there with golf balls when in fact your job, as you've said yourself, was the micro-prudential soundness of the banks.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: What was going on?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Susan O'Keeffe: By who, Mr. Neary? Who made the mistake?