Results 2,621-2,640 of 4,168 for speaker:Susan O'Keeffe

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: Well you've used the word yourself.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: Yes, and I notice, and forgive me Chair, because I thought actually this was in the book for Mr. Patterson; it's actually Mr. Neary's book, but ... and if it isn't familiar you can, of course, stop me. It actually relates to the interim financial stability report to the board of the Central Bank in the first half of 2006. It says, this ... this document, this is one of our accumulated...

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: So, if this kind of information was available to you at this time, why then .. and it goes back to my colleague, Deputy McGrath was saying earlier, how ... how was it then that this really wasn't becoming available in an emphatic a way as it might have done, even if it couldn't to the public, but privately among the people who really needed to know.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: It's the-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: It's called the Interim Financial Stability Report to the Board of the Central Bank in the First Half of 2006.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: And do you think that that slowness to act extended all the way through 2008? I appreciate you had been ill and you weren't there but I'm ... you would have more than a grasp of what had gone on. Because looking at it now, as we are, there was a lot of knowledge accumulating ... yet nobody ... everybody was sitting on their hands waiting for something else to happen, it appears. So, was...

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: And, again, the public might expect the Central Bank in all its guises to be more urgent and to act more quickly. That's a reasonable thing to accept.

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: Again going back and I raised this morning the idea of the financial institutions funding the Financial Regulator. What is your view of that relationship?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: And was regulatory capture avoided in your view by that system or would you say?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: Would you just like to clarify before I finish?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: Was that deference apparent to you when you were the chair?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: Do you think maybe you were deferential to the banks then also?

Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)

Susan O'Keeffe: Okay, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Susan O'Keeffe: Thanks, Chair. Mr. Considine, did you ever, in your ... in the public arena, ever have cause to criticise any colleagues or people working in the Department of Finance or the Central Bank, or any other organisation? Did you ever offer criticism in the public arena?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Susan O'Keeffe: No. Do you accept, or not, that the Irish economy overheated quite dramatically during your tenure as Secretary General of the Department of Finance?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Susan O'Keeffe: Various people have given evidence here, including Mary O'Dea and others, that the damage, if you like, to want to put it in the broad term, was done by 2005-2006, that in other words we were always going to be scrambling thereafter. Would you accept that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Susan O'Keeffe: Where do you think the damage was done in that case?

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Susan O'Keeffe: But 2007 didn't occur in isolation. I think you'd agree that there had been-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)

Susan O'Keeffe: And I'm asking about your tenure and what momentum you believe, or not, was built up, and what your ... you and your Department's responsibility might have been during that time. And I'm just trying to gauge how responsible do you believe you might have been, your Department in that time, for what happened.