Results 3,921-3,940 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: He's talking about Bank of Ireland actively talking down the Irish story and:[T]o quote Schroders in the UK, who met with BOI yesterday, the CEO said that "in quarter 1, the issue for all Irish banks was one of survival". Bit alarming for BOI, but to put us all in the same boat is creating massive negative sentiment. Of course, I'm getting-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: I beg your pardon - page 11, Vol. 2, the second paragraph of the e-mail.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: So, again, you know, it's quite ... it's a curious moment, I suppose, that your organisation was complaining to the Financial Regulator about the Bank of Ireland talking down the market and including you guys in it. Was that something that ever happened again or what ... do you remember this or do you have anything ... obviously, you've had the books prior to coming here?
- 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: Okay. You're not aware of it?
- 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: Indeed, in that first paragraph, you are thanking the help that you've had from the regulator in helping to get the assets across the finishing line to be included in the tender and it's ... you're talking about €2 billion drawing from the ECB tender. Was that again an indicator of the trouble ... the difficulty that you were in or would that have been normal business?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Okay. Are you aware of whether stress testing took into account the correlation between the different types of property being financed, in particular category of loans issued, for example, tracker mortgages, and the availability of appropriate funding or was that outside your-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Okay. In looking at your statement, Mr. Gantly, where if you like do you see your ... I don't mean you personally but the contribution of if you like ... where did it go wrong for the bank? Because we can talk about the global impact and we can talk about Lehman's and all of those things absolutely nobody's pretending they didn't happen. But internally in the bank in that time that you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: No, I am looking at your statement and I'm thinking I can't quite see in your statement where that is acknowledged if you like. What was it in the bank ... no, not you personally, Mr. Gantly-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: ---- the bank and, obviously, from where you were sat in the bank as opposed to ... because, you know, you were significant within the bank.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: ILP was downgraded by Standard and Poor's in June 2008 and placed on a negative outlook, and then Moody's also put it on a negative outlook in July. Can you recall what was the reaction, if you like, among you and your colleagues after that happened? Was it what you expected or was it ... did it come out of the blue or was it fair or what did you think?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Eight.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: When the Department of Finance was, if you like, trying to organise itself through September, it was looking at all the various institutions. It put you in the same category with Anglo Irish Bank and INBS, the three of you grouped together and, indeed, they referred to your position as "finding conditions very challenging". I mean, again, they would have been drawing that, obviously, from...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Did you think the bank would go under at that point?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Thank you, Chair. Gentlemen, good morning. Is it ... is it the case that your analysis was based on management accounts of the relevant banks and that it didn't involve any independent verification procedures?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: And what ... and if so, why?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: And could the management accounts and the half-year management accounts have been requested directly by the Financial Regulator to ascertain the information? Could the office have gone directly there and said, "Just give us those"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Okay. So when you ... you had ten days effectively between that meeting on 18 September to the bigger meeting, then, of 28 September that you spoke about. Am I correct in understanding that that was your last contact with officials prior to the guarantee - was on the 28th?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Yes. So did anybody pick up the phone, did anybody talk to any of you between the evening of the 28th and the evening of the 29th? No.