Results 3,901-3,920 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: The public would say, having looked across the years, that, you know, bankers had a good time, bankers were paid well, they were incentivised, they had good salaries, they had good pensions and they got away lightly given what had happened. Is that true? Was that true for you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: And finally, Mr. Fitzgerald, do you think that the contracts for difference situation in fact was the piece that brought the bank down?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Or lunch? Or coffee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Absolutely, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Thank you, Chair. Mr. Gantly, you say in your statement that you were ... treasury was physically separated, that you were in a different building in a completely separate place. Isn't that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: And in a way does that reflect how it operated? Were you quite a, sort of, separate entity or did you feel very much linked to the activity of the bank as a whole?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: So coming up to the time of 2008 and the guarantee, how much were you aware of how things were changing and how more of an emergency it was becoming in those last weeks, or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: So this was new. What was happening in 2007 was a complete change from anything you'd see before.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: And so when you would talk to your colleagues and say, "I've never seen anything like this. This feels different, this is different" and that was in when - October, November 2007?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: One of the things that has always puzzled me personally is how, then, did it take until the end of September 2008 for it all, if you like, to come to a head, to blow up in a single night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: So, as all that was going on, as you say, as you were muddling along hoping something might come over the hill and so on, were you aware whether, in general terms, the bank was having discussions with any other banks or with Central Bank or the Department of Finance in relation to those liquidity issues? I know you say you wouldn't have had direct contact with the Department of Finance...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Were you aware of what, sort of, if you like, official contacts were being had, either with other banks or with Government Departments?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: I mean you, in Vol. 2, page 15, your e-mail to the Financial Regulator, dated 29 November, not surprisingly talked about the threats to liquidity and the fact that the interbank market is now effectively closed. Do you believe or do you think that the Financial Regulator, while you were giving information all the time and, as you say, you had a professional relationship and you were in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: But you can have information. It is whether you act on it.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Do you think that perhaps the Financial Regulator and all the associated bodies also thought that someone would come over the hill ... in a way that they were hoping something would sort itself out? Did you get that impression or is that completely not fair?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Again, in Vol. 2, Mr. Gantly, on page 5, is the e-mail from Peter Fitzpatrick relating to the retail deposit guarantees and adding the voice to increasing the limit:My view is anecdotal at this stage and based on reports on what people are [openly] talking about in the workplace. I think that an increase in the guarantee would go a long way to restoring retail confidence right across the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Until post-Lehman's.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Yes, this is post-Lehman's, of course, isn't it too?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Again, in Vol. 2, on page 11, there's an e-mail again from Peter Fitzpatrick writing to the Financial Regulator and, specifically, he's talking here about ... and this is going back to 22 November 2007.