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Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: Okay. On page 8 of your own statement, you say, "In regard to the relationship with the property sector, we would've received representations from bodies such as the CIF, Irish Home Builders Association, IBEC, ISME and various other groupings." You didn't take the opportunity there to tell us that in your own diary in 2003, which was sought under freedom of information, not by us, but by a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: I'm just wondering, Mr. McCreevy, why did you not take that opportunity to engage with us and tell us that you had actually made ... had formal meetings in at least just that one year, 2003?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: It's from your diary, Mr.-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: Well, it didn't appear so from the way it's listed. What I'm asking you though, Mr. McCreevy, is, these were people who were fairly important in that sector. You didn't take the opportunity to tell us in your statement, so perhaps you might tell us now, why were you meeting them?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: And why were you meeting them so often?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: No, they don't appear to have been as delegates ... sorry-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: Well there's no ... there's no ... they didn't ... they weren't as part of a delegation Mr.-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: Do you recall meeting them as individuals?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: Okay, I'm sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: That's ... that's what I'm saying, Mr. McCreevy, that is the Department record and I'm asking you ... it doesn't say that they ... that they came in a delegation. They are in the diary as one ... or you know ... by themselves. Why would you have been meeting those people-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: -----in your office, as Minister for Finance?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: No, no, this is over the whole year between January to December.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: 2003.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: You don't know?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: Of course.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: Mr. McCreevy how long were you the Minister for Finance for?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: Okay, so do you think that you - obviously in that time as you've said you met a lot of people both in the property sector and the banking sector and so on - did you use your knowledge and your contacts and your connections at that time to apply for and receive the €1.6 million loan that you got from INBS in 2006?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

Susan O'Keeffe: Well in fairness ... that ... the reason I ask the question was that it was reported that the loan had been 100% plus and that INBS's loans didn't have that regulation at the time. Otherwise, in fairness, we wouldn't be interested in-----

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