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Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: -----you didn't-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: You said at the start that when you came back to Anglo ... when you'd been asked to come back by Mr. FitzPatrick, that I think you returned to manage the wealth management division. Is that correct?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: And so, tell us, was the wealth management division, was that high net worth individuals?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: And, as I say, what did that involve though? Was it about high net worth individuals or-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: No.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: And did it involve the creation of property syndicates?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: Right. And was that something you had a hand in?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: Or you were involved with rather?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: And what relationship was there then? What interface was there between that part of the business and the bank part of the business or was it utterly separate?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: What share of-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: What share of the profit of Anglo Irish Bank would have been contributed by that division?

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 just-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: Small but comfortable.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: And, just to clarify, when you ... when you changed your job and became head of lending, Ireland, some ... that division stayed though. I take it somebody else took that job.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: So it didn't close down.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Susan O'Keeffe: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Susan O'Keeffe: Thank you, Chair. Mr. Chopra, you said that Ireland was adamant to repay its sovereign debt. Was that something unusual, and why were they so adamant?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Susan O'Keeffe: When you talked about Mr. Mody's first phone call in February '09, and you say in your statement that there was further consultation or conversation, perhaps, later in 2009 and again in 2010. And, indeed, Professor Honohan told us here about a phone call he'd received when he was in Heathrow Airport from Mr. Mody asking him whether or not, and he said, "Well, yes, maybe you should try it."...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

Susan O'Keeffe: Were you trying to get Ireland to face up to the seriousness of what was happening?

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