Results 3,621-3,640 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Susan O'Keeffe: Can I say, finally, when the financial stability report of 2007 was being discussed at the finance committee in January '08, you said: "The economic clouds are gathering but Ireland can ride out this storm if the Government takes action without delay." What were you thinking that action should or could be, given that we didn't see, if you like, any action until 30 September in a way and that...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Susan O'Keeffe: Well, others have given evidence that, in fact-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Susan O'Keeffe: ------it was a systemic bank.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Susan O'Keeffe: Yes, I was just saying, others have said that actually Anglo became ... it may not have been, on the face of it, a monoline or a developers' bank but it became systemic and, therefore, that was the reason. But, I was asking you specifically, what were you thinking the Government ought to do when you said it should take action without delay. That was January 2008, long before action was taken.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Susan O'Keeffe: What did you want the Government to do?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Susan O'Keeffe: The question is made. I mean, finally, I wanted to ask whether or not in those final months whether any bankers, developers, individuals came to ask either you, Mr. Gilmore, Mr. Rabbitte, you know, for help, for advice, whether they could ... you could lobby or intercede on their part. Because we've heard of lots of meetings going on, or not.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Susan O'Keeffe: Just before you talk about him, though, I'm asking about developers or bankers, particularly, outside.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Susan O'Keeffe: They never came to talk to you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Susan O'Keeffe: Why would Mr. Lenihan in that case, given what you said about the green jersey agenda ... why would Mr. Lenihan, above all people, if you like, as the Minister for Finance in the Government, ask for your advice?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)
Susan O'Keeffe: What did you say to him when he asked?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Thanks, Chair. Mr. Merriman, can I just clarify there when you said about the NTMA and you had a sense of it not putting anything on deposit with the banks from 2007? Was that knowledge not publicly available? You were saying you had a sense of it. Would they not have indicated that in their own figures?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: It was private?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: And you were not aware of it through other people?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: No, well we don't want guessing. Thank you. In Vol. 1, page 130, and again I know this was from the 2004 strategic review, it says ... it talked about, "Profits grow on average by 13% p.a. [per annum] from 2002 to 2004 and by 25% p.a. [per annum] thereafter." And I'm just wondering what you thought of that kind of forecast for growth at that time for the EBS?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: No, the forward one. Was it an ambitious target at that time do you think?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: So, why have it there as part of the strategic review?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Well you came in just a year later so are you aware or can you recall whether that plan had changed by then or whether that was still, if you like, your ... the stated plan of the EBS when you joined?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Okay. In Vol. 2 of the core documents, Mr. Merriman, page 139, is a list of the top ten bonus payments in 2001-2008 and you received a bonus in 2007 of €309,000 that was the highest for that year. In 2008 you received a bonus of €220,000. Given what was happening at that time in terms of the stress in the financial markets and so on, was it appropriate or not to take a bonus...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Well, I can't be ... yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: I'm sorry I don't know that.