Results 3,061-3,080 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: A confidential document.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: And there's a summary that was written ... I think, it was sent to William Beausang and the Tánaiste, written by Michael Manley.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: Okay. Okay, so, what I'm trying to assess was that at the very least, this would've been-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: Yes, thank you. I'm sorry. At the very least, Mr. Cowen, whatever might've happened prior to that, this was a serious document, I think you might agree, a confidential document setting out some of the dilemmas and saying, really, that nothing was likely to change in the next few months, that things were, if anything, going to get worse. So, I'm trying to establish whether you, as Minister...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: That's the question ... is, what ... what did you do? I mean, and just ... might I add-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: -----that Mr. Cardiff did tell us he was part of a secret team-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: -----of people.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Susan O'Keeffe: So you didn't feel the need yourself to have any additional hands-on piece? You felt that that was sufficient?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: Thank you, Chair. Mr. Cowen, I have a couple of documents that are Department of Finance documents, which I appreciate with all the books that are going around, that you mightn't have seen but if ... if-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: Well no, if there's a difficulty you don't have to respond to them, if you see what I mean. They're all, they're all-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: And that's ... anyway. Why, Mr. Cowen, is there no ... proper full note of the night of the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: There's no document.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: This is document DOF03151. Now, Mr. Cowen, I know you don't have this document and I'm sorry about that, but this is a briefing note that was given to Brian Lenihan as he came into office, right. So I suspect that everything that's in it is material that you already know, all right. So, effectively ... it effectively discusses some of the dilemmas facing Mr. Lenihan, "we are now factoring...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: And there's another document then that went with that, there were three or four documents that went together. "Summary of key information re Irish banks", this is DOF03372, "Virtual cessation of normal wholesale lending activity, where all banks have in recent years sourced a growing share of their funding." And then it gives detail of the various banks: In summary ... the concerns that...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: Are you saying that you were managing them well?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: Okay, and so, given that information and the fact that bank share prices were falling, did they all point to an impending bank problem?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: And so on that subject, it's DOF, I think it's the same, 03372-009. I think it's the same document that we've just been looking at. This was part of the documentation that was given to Mr. Lenihan at his handover. Therefore, I'm assuming it was information you already had; you just talked about the short-selling. It was marked, "Highly confidential" and it was a note in relation to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: This is now May when this document was handed to Mr. Lenihan. I assume it was on his desk when he arrived into the Department,. It was written obviously by your officials and I'm asking how were you ... how far further had you been informed at this point? Were you aware of what was happening?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: If it was being given to Mr. Lenihan, why was it not being given to you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)
Susan O'Keeffe: Well, if this information was being passed to Mr. Lenihan, surely it was also passed to you.