Results 1,381-1,400 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Susan O'Keeffe: Is there a psychological mindset in banks based on a belief that they will not be allowed to fail?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Susan O'Keeffe: In 2008 in a letter Professor Connor co-wrote to The Irish Times, he spoke about bank management and shareholders failing in their duties with managers presiding over a loss of wealth unprecedented in the modern economy and shareholders failing in their duty to monitor and control management. He said, "Neither side should get away with this dereliction of duty". Does he believe there needs...
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Susan O'Keeffe: As a general rule, are auditors and accountants allowed to be directors of companies for which they work?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Susan O'Keeffe: Has it ever happened? Has that ever been reported?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Susan O'Keeffe: As regards the large book, the international accounting standards we have been discussing, there have been criticisms over the years by the European Parliament, the Securities and Exchange Commission, SEC, and other people. Who decides to change them? Obviously, it is a long and complex process but are corporations or large financial institutions allowed to lobby and keep things or change them?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Susan O'Keeffe: Is it not made up of representative accounting organisations in different countries?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Susan O'Keeffe: Can Professor Walsh explain his comment on page 3 of his written statement, “In periods of expansion, as a bank expands its loan book, the bank will appear far more profitable since profit measures exclude expected loan losses.”?
- Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)
Susan O'Keeffe: That will always be in the cycle of banks. In respect of the banks that reduced their loan loss provision themselves, and Professor Walsh refers to this when he says provision for loan losses declined from 0.7% of loans to 0.5% of loans, would the banks know they were doing that, or did it happen accidentally? Would they be obliged to tell the Central Bank they had done that or would the...
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Susan O'Keeffe: What happened? Did the Minister not take Mr. McWilliams's advice to make the guarantee conditional?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Susan O'Keeffe: How did Mr. McWilliams feel about that?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Susan O'Keeffe: In the years that Mr. McWilliams was writing all his warnings, did anyone ever come up to him at a conference, on the street, in the pub, or anywhere at all? Did they write to him or telephone him and tell him he did not know the half of it, or something similar? He says he was the outsider and that he wrote 1 million words, that he was issuing warnings and nobody came to him or called him-----
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Susan O'Keeffe: -----in the official arena. I am asking whether there were people who said to him quietly that he was right.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Susan O'Keeffe: When the Minister left Mr. McWilliams's house that night, having had the garlic and the tea, how would Mr. McWilliams describe what he was feeling on a scale on one to ten, if one was very concerned and ten was very comforted?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Susan O'Keeffe: Is Mr. McWilliams saying that there was still a significant shortage of facts available to the former Minister?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Susan O'Keeffe: Mr. McWilliams talks about reading and watching credit swaps, repo spreads, figures and facts, I suspect, to say that he was not just saying these things, he knew them. Is he saying that he was the only one doing that? Were other people doing that exercise, or was he just pursuing and digging?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Susan O'Keeffe: One has to look .
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Susan O'Keeffe: Most people were not looking at that.
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Susan O'Keeffe: When Professor Ed Kane came before the inquiry he said there was a tendency to regard bankers as high priests. Does Professor McDonough have an opinion on this?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Susan O'Keeffe: Was that a tendency at the time?
- Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)
Susan O'Keeffe: The medium-term review published by the ESRI in 2008 stated, among other things, "the fundamentals of the Irish economy are sound". From Professor John FitzGerald's evidence to this inquiry we know the ESRI had done no research on the financial sector for a number of years. Can an economist ever say the fundamentals of an economy are sound without examining the financial sector?