Results 3,481-3,500 of 4,168 for speaker:Susan O'Keeffe

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

Susan O'Keeffe: And did you ever ask for any training?

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

Susan O'Keeffe: Okay. Mr. Dunne, how about you? What was your situation in relation to training?

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

Susan O'Keeffe: Mr. Begg, how long were you on the board of the Central Bank?

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

Susan O'Keeffe: And in terms of sort of good governance, corporate governance, how long ... is there a recommended, or are you aware is there a recommended period for which people should serve on boards?

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

Susan O'Keeffe: And do you feel that's a good recommendation in light of the fact that you were there for longer than that?

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

Susan O'Keeffe: Mr. Dunne, do you have a view on the length of time that board members should serve in this way?

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

Susan O'Keeffe: And in terms of your, if you like, service or your time at the bank, do you believe that happened?

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

Susan O'Keeffe: So that was seven years, okay. Mr. Begg, you say in your own witness statement on page 3, you say, ''We were seriously exposed in the banking sector and we didn't know it''. Do you believe that the Central Bank and its board have accountability for that?

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

Susan O'Keeffe: Do you believe that there were ... the tools were available to the Central Bank which could have helped to identify and deal with the risk area?

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

Susan O'Keeffe: If you look ... if you consider the board now and what happened, is there an argument that boards like the board of a Central Bank should have people with more financial experience, more financial capability on it or what is your view of a mixed ability board?

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

Susan O'Keeffe: Mr. Dunne, do you have a view on, sort of, the mixed ability board versus, if you like, having more people with more financial experience-expertise?

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

Susan O'Keeffe: When Mary Burke, who is the head of banking supervision with the Financial Regulator gave evidence here, there were two things she raised and I will deal with them separately. She talked about what she described as meetings, informal meetings on the 7th floor of the bank where bankers came in and had informal meetings with senior managers. Was that something that you were ever aware of,...

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

Susan O'Keeffe: Yes, and just to be clear, Mary Burke says on page 98, ''I don't believe ... I rarely ... if ever saw what one would call a minute" of the meetings on the 7th floor', just for clarity's sake.

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

Susan O'Keeffe: Now she also said, ''I am crystal clear here. [on page 83] We did not have the resources that were needed to supervise these banks.'', and she'll ... she gave some evidence as you are probably aware, of her own attempt to get more resources for further supervision. So, you were a board member at that point. What do you recall about that or did it come to the board?

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

Susan O'Keeffe: Yes-----

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

Susan O'Keeffe: But did you know, for example, Mr. Dunne, that there were only two or three people supervising, say, two of the big banks, and then two other big banks only had two or three people super ... were you aware of that detail?

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

Susan O'Keeffe: And were you happy with the level of supervision?

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

Susan O'Keeffe: Ah, okay. So Mary Burke's observation, for example, that she says, crystal clear, "We didn't have enough, even though I asked for it"; are you saying you knew that she had said that? Or were you just looking at what the executive brought to you, where they may already have made a decision to not allocate to her particular department?

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

Susan O'Keeffe: Okay.

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

Susan O'Keeffe: So ... so when ... so you disagree with Mary Burke when she said, "We didn't have enough resources".