Results 3,541-3,560 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: And why then, given what you said, that these, if you like, joint ventures were available in lots of other countries the UK and the US, you've said, why then why the other institutions not engaging in this? Why was it just INBS, do you recall?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: Okay. Did you ever ask any other financial institution to engage in that kind of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: Is it fair to say that you also did ... you had other arrangements with other property developers, as and when it was required, if you were interested in a particular development, you might ... you might get into a deal with some other developer? Is that fair enough?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: No, no. Not all the time-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: Okay. And what would the purpose of that had been, when you did that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: Okay. Did you have an Isle of Man business part to your whole business structure and, if so, why would you have had that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: Is it tax efficient?
- 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: On page 19 of your own statement, you talk about lobbying and you discuss that you always sought to communicate or engage with the public, elected representatives and so on. You say: This consultation process was an open and transparent activity where each interest group lobbied for its own point of view. In many cases, Ballymore's point of view was taken on board. So are ... can you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: And you're not able to recall a particular instance, for example, where you ... because you say that in many cases your point of view was taken on board. You can't give ... are you able to give us an instance of where that might have been successful?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: Deputy McGrath did raise with you the matter of relationships with banks and so on and you talked a bit about roll-up interest and so on. Were there other incentives that banks offered as time went by? Did you notice lower interest rate margins, interest holiday periods, or not?
- 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: And you would, of course, have negotiated.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: No, but, I beg your pardon-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: -----I meant your company, yes. When Mr. Quinlan was here before us, on page 51 of his evidence, he talked about how he discovered that, in fact, it was the German banks who were making the loans to him. He said he hadn't realised that the Irish banks were, in fact, selling the loans. So he discovered that ... he said: [W]e were paying the Irish bank 1.5% but her bank were only charging...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: Yes. So were you aware of this selling of loans?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: No. Okay. And why ... so I think you said it was ... was it just that it became the way you did business, that you kept your business here and your ... your banking business here-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: -----that you didn't ... that you didn't seek to go outside? Okay. When Mr. ... bear with me, when Mr. McCreevy was here, the former Minister for Finance, he said: I personally am not close to any of the builders. I know lots of builders [I] know lots of tradesmen ... I know lots of accountants, I know lots of punters, I know lots of other kinds of people. I know lots of politicians, or...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: And would he have been someone you might have invited to your home or to various events that you were hosting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Susan O'Keeffe: Absolutely. In relation to Mr. Ahern, of course, the former Taoiseach, he said he ... "I don't believe that I, personally, had much interaction with property developers". Again, I'm wondering what your relationship with Mr. Ahern might, might ... might be or have been.