Results 3,941-3,960 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: And so, why was there, if you like ... 'cause that was a Monday, wasn't it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Why do you think ... why was there a pause? Were you expecting that when you left the meeting on the 28th? Were you expecting that there'd be a silence or what were you expecting to happen at that point?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: On page 85 of Brendan McDonagh's evidence, which you may or may not have seen, but he talks anyway about the meeting on 28 September and he says, you know, there were a range of options - and you've said that yourselves - "But in any of the meetings that [we'd] had up to that point, all the discussion seemed to be pointing that it was inevitable that we were going to nationalise Irish...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: No, no, no. He doesn't say that either. He says it was "pointing that it was inevitable that we were going to nationalise". So that was his ... that was the opinion that he took away and I am asking whether you would share that opinion at that point or not.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: No, again, Mr. O'Connor-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Okay. Mr. Walsh?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Okay. So, in terms of the, if you like, the gap between the 28th and the 6th of October, as the week unfolded and you saw the guarantee and all of that, are you saying that there was then no contact at all between you guys - your team - and the Financial Regulator and everybody else that you'd been dealing with?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: So, on the morning of the guarantee, you'd heard it on the news, you didn't go in and go "Okay. We need to meet them, we need to talk to them, we need to give-----". No?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Why do you think that was?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: At what point did it crystalise for you that there was such a concentration of lending among such a small group of lenders? What ... when was that ... at least that you knew of it, even if you didn't know the entire detail of it? Can you recall when you knew that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: So in the first ten days it was evident, even if all the detail of it wasn't evident.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Sure.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: And so at what point did you share that information, that at the very least there was this high level of concentration among a small number and, therefore - there's a vulnerability attached, I take it, if you have a small number with a big loan - so where, at what meeting did you say "Guys, this is what we're finding. We haven't got all the detail yet."?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Early October. Not before the guarantee, even though it was clear in the first ten days.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Okay. So nothing was known about the individuals and their concentrations prior to the guarantee.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: According to you, I mean.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Okay. Now, Mr. McDonagh talked about when he ... he had asked in relation to Goldman Sachs and in relation to INBS, he said, you know, there were 33 questions, he referred to at his evidence here, that I want to know the answers to and he had e-mailed them to the Department of Finance. He said they were terribly basic questions. He described them as commonsense questions in his evidence...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: In the regulator. Those basic questions could not be answered by the regulator about INBS.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Okay. Mr. McDonagh also suggested at one point that he would like to share the Goldman Sachs information with PwC to get their view. Did that happen do you recall?