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Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Yes. Okay. And was there anybody else that you had a conversation with in that ... you know, that night-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: -----that you may have not remembered?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Why nothing about the issues? There you are with the-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: -----Financial Regulator.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Well,-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Thank you Chair. Mr. Forde, how many years banking experience overall do you have?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Okay. On the night of the guarantee were you one of the people involved in assembling the liquidity back in the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: No. You had nothing to do with it at all?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: In document C3b Vol. 2, page 29, Mr. Sheehy, this was a contemporaneous note made of the meeting that Mr. Sheehy was involved with, in which he says "People we've been dealing with for decades, pulling back - 1 month we will be funding bank overnight. Bad if can't even get that, disaster - bankruptcy." So that was on the night of the guarantee, that was your chief executive. How ... what...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: See there isn't unreasonable?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: To go back to the salary position and the whole incentive structure, that I know you explained in great detail, in relation to yourself did you then ... were you then eligible and did you get a bonus in each of the years in which you had that position of managing director?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Did you ever invest in property yourself?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Other than investor-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Were you aware at any point during your employment... did the bank invest equity in any of the property transactions for which it had also provided debt finance?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Was there anybody working in your division that was not eligible for some kind of bonus?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: They were all eligible. Okay. Did you or any of your colleagues ever partake of any hospitality with developers or with borrowers?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Did colleagues ever talk about being involved with hospitality with borrowers, going to football matches or whatever, there were lots of-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Going back again to the guarantee, I think you said earlier in response to one of my colleagues that you were surprised, I think, when you were asked for your opinion, you said you were surprised. You said you had been led to believe from internal discussions that two banks might have been left out of the guarantee. So just maybe talk us through what kind of internal discussions, who was...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Susan O'Keeffe: Compromised to what end?

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