Results 3,881-3,900 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: So if the markets were poor, you were struggling.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: Of course. Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: And you were struggling to do that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: And raising funds wasn’t-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: Thank you. Thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Thanks Chair. Mr. Fitzgerald, why in your opinion, despite the fact that the bank appears to have undertaken regular stress testing on its liquidity position, did the bank not react sooner and more robustly to the liquidity crisis as September unfolded?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: And by "every option" can you give us some indication of what you mean by "every option"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Would you say that the bank had its own emergency plan to deal with the crisis or were you making plans as the crisis changed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: As you said, you could see that sheer volume of outflow and it was, as you said in your statement, effectively a sustained run on the bank albeit not a public run in the way that we might understand. In what way was that run being made known to the Department of Finance, to the Central Bank to the Financial Regulator? How was that ... how was the severity of the crisis transmitted to those...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: If indeed it was.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: So sorry, when you say "early in the crisis" do you mean January ’08 or September ’07?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: But as it turned into a sustained run there, after Lehman’s, did you do anything or were you asked to do anything different as that accelerated before your eyes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Okay, you say in your own statement on page 6, you talk about, you know, finding in hindsight the sort of problems that Nyberg showed – "That credit risk management structures [in the Bank] were, in practice, deficient [and there was] ineffective overview of Group credit decisions", and so on. And you say, “Look that wasn’t part of my detail, but I know about them...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Sorry, you know, what were the problems on your side or were there any?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Yes, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Sure I appreciate the difference but what I’m asking you is whether or not your side of the bank was clean and pure while there were other activities going on in the other parts that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: In those last few weeks of September were you aware that, if you like, Anglo was now trying to find a partner, trying to find somebody to save the business, talking to other banks, talking to anybody who would talk to Anglo? Was that known among you generally?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Senator D'Arcy raised the matter of, you know, "Can one bank bring down a nation?", the headline of 2010 in The New York Times. Would it have been your view or anybody ... well, would it have been your view much earlier than that that, in fact, the bank had brought down a nation or could bring down a nation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Not even ... not even, sort of, after 2008-2009 when it was nationalised.