Results 3,461-3,480 of 4,168 for speaker:Susan O'Keeffe

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Okay. But just to be clear, leaving aside the banking matters, were you and your group that met with the Minister, were you at that point already aware of how bad the budgetary situation was likely to be as it moved into the actual budget space, if you like, did you know how bad it already was going to be?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Had that been indicated to you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: And so, obviously, you are saying that the Minister didn't raise the matter of the banks, it didn't come up, it wasn't part of the conversation, just to be completely clear.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: So what was your reaction on learning, then, about the events that followed? I take it you were not aware of the events that took place that night?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Until the next morning, perhaps, on the news?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Okay. And so, what was your response when you heard the news?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: But, obviously, as a member of the Central Bank, you had, you were privy to a lot of information that had come down your way - in fact, this applies to both you, I'll bring you in in a moment, Mr. Dunne - over the previous year. So when you saw and heard of a blanket bank guarantee, it could have meant all manner of things to different people listening that morning but as a member of the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: But just to be clear, any conversations that did take place, they didn't discuss a blanket guarantee? Did they ... I mean, I just want to be clear, did you discuss any manner of-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: No.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Okay. Mr. Dunne, if I might ask you, if you like, in the same way, that I trust that you equally woke up the next morning and discovered about the blanket ... or did you learn about it in a different way, perhaps?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Documents that we have seen - and, again, obviously, we have to be careful about those - would suggest that there was ... that nationalisation, the provision of liquidity, funding and the winding down of an institution were three of the key areas that were being looked at. Does that sound-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: That sounds familiar, okay. And in that three, the additional one of a guarantee was not included at that point?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Were you aware, Mr. Dunne, that one of your colleagues on the board was, if you like, separately offering advice to Government at this point? Was that ever made clear to you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: -----in any conversation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Mr. Begg, were you aware?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: No. Can you recall when you might have become aware?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: So, in other words, it wasn't formally raised at any point at a board meeting? It wasn't discussed at ... Mr. Begg, do you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Okay. Mr. Begg, what training did you receive to prepare you to become a board member at the bank? Do you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: None. Was that the normal, or were you just an exception or are you aware ... you know-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: -----was everybody trained and you just happened to miss it or-----