Results 3,041-3,060 of 4,168 for speaker:Susan O'Keeffe

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: No, when did you find out about Mr. Seán Quinn and the contracts for difference in Anglo Irish Bank? Who is the person who told you that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Can you remember when that was?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Okay, and you said I think that you ... sorry, he told you that, and what was your view? Can you remember what you thought at the time about what you'd heard, about whether this was serious, or not serious, or significant?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Coming home obviously.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Okay. And did you continue to be ... to keep in touch with that? Did you talk to Mr. FitzPatrick again? Did you talk to Mr. Drury?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Why would you not have continued to be operationally involved with something that was that important, or was it not that important?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: When did they report back to you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: And you didn't think it was appropriate to find out what the detail was, or it wasn't your duty to do so or-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: But you had seen the impact that it had had on the share price?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Mr. Cowen, going back to November 2007, and this is Vol. 2 of the Department of Finance. It may be a different ... I'll give you the reference, DOF01962005. This would have been a document called "Confidential", which was written by the Central Bank. It was an assessment of financial market developments, 16 November 2007. I'm assuming that this was a document that you would have seen,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: I gave them the number.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Basically it was warning you, warning everyone-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Can you stop the clock then?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Can you stop the clock for me, please?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: So, basically, this document was saying that things are, you know, that things are serious - the level of activity in the interbank lending market is low, interbank rates remain high and so on, banks are currently executing contingency funding arrangements. So, from November 2007, at the very least, you, as Minister for Finance, would've been aware that your own authorities were telling you...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: I'm sorry, pages-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: -----3, 4 and 5.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: Vol. 2, the Department of Finance.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

Susan O'Keeffe: It's the Central Bank-Financial Regulator "Assessment of Financial Market Developments - 16 November 2007".