Results 3,261-3,280 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: That's fine.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: That's fine.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Thank you, Chair. Three short questions, Mr. Quinlan, thank you. It was reported at the time that you were looking to buy INBS, I think in conjunction with RBS, that's anyway how it was reported.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: And what happened?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Because?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Okay. You obviously dealt a lot, as we've discussed, with high net-worth individuals. And I suppose, maybe, is it fair to say I think you were reported as having bought a property for your own use in 2006 for €25 million-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: No, I'm just asking. It was reported and Mr. Quinlan doesn't have to comment if he doesn't want to. You know, was that, were you able to do that because of the success you'd had? And is that correct actually, that you did purchase those properties? I'm again not always relying on everything I read.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Okay. That's fine. That's fine. And, finally, again in relation, you've mentioned a couple of times the Four Seasons purchase, the hotel. And again that was reported as ... because of the tax breaks that surrounded that particular deal, that the tax saved, if you like, or lost by the State, depending on which way you look at it, was estimated at just under €20 million. And again I...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Indeed, but did the relevant tax laws at the time allow you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Thank you, Chair. Mr. McDonagh, how senior were you at that time in the hierarchy or in the structure of the organisation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: When you gave evidence here before you said that you didn't know that there was going to be a conversation about the guarantee that night, because Mr. Cardiff hadn't indicated it to you on the phone, and you've just recounted that again. Does that mean you didn't know that the Government was considering a guarantee at all or that you just didn't know it would be that conversation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: We'll just come back to that e-mail in a moment.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: So when you say all the conversations and meetings had been heading for nationalisation, who was driving those meetings? Who was central to them and whose opinion was that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: And when you talk about those work streams and those meetings, was it as harmonious ... when you say everybody was working, if you like, in the sense of nationalisation was there lots of dissent or was everybody, sort of, working in that direction?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Okay, and I'll come back to that. So just to go back then to William Beausangs e-mail of the 26 September, in which he said he had spoken with the Secretary General that morning, that's the Secretary General of the Department of Finance, and he was now asking for the NTMA "to crystalise the issue that might be expected to arise for our sovereign rating in the event that the State provides a...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Okay, and you said you didn't have a huge amount of time but in your response, and I think you say it in your statement, you refer to it ... that it would ... what was the remark that you made? It would cost more than Greece would cost.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Ireland could expect to pay a lot more than Greece. So in saying that, you said to me earlier on the reason you didn't have a belief in a guarantee was you didn't think Ireland could manage that. So when you were writing that, were you writing it just thinking "Well that's the truth and I'll just say it" or were you thinking "That'll ring a bell and they'll understand that that's not...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: I know.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: And when you were writing that do you recall whether you thought "I'm just answering a query here", did you think this was a move away from where you were or did you think someone was just trying to cross the t's and dot the i's in terms of getting the information?