Results 1,941-1,960 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: Did the Government know, obviously when you went in, did the Government ... was the Government made aware of the sorts of things Bank of Ireland was doing itself that are outlined in this document to keep itself going? Was that made clear to Government, to the Department of Finance, to the Central Bank? Or was this a private document that you kept to yourself?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: To be clear, sorry, a Chathaoirligh... it's actually not the scenarios that I'm talking about here, it's actually what you were doing yourselves-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: -----that you'd talk about your own immediate actions on a page-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: So the seriousness of those actions were not shared?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: In, yes, in September?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: Okay. A Chathaoirligh, it might be worth asking Mr. Boucher if that can ever be clarified?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: Because it is quite serious, I think, whether or not-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: -----you might have?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: Thank you, Chair. Mr. McCarthy, when we go back to the Financial Regulator, forgive me, in 2003, in this ... I'm sorry I don't know what the reference is, this is this additional document, 2003, the letter that the Financial Regulator wrote to the chair, Mr. Burgess, and basically outlining quite a number of deficiencies at the bank. "Ulster Bank unable to provide details as to the precise...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: I know. Yes. Yes, and you're familiar with it. So then again in 2004 we have, again to Mr. Burgess, in January, so that's seven or eight months or so afterwards, again, difficulties arising with ... with the Ulster Bank. So this is quite a long time ago, 2003-2004, and then, of course, we come up to 19 June 2006 - I think my colleague has mentioned this - and again a whole series of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: Yes, but you're just speaking for Ulster Bank.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: Yes, I know. I know. We've had that testimony before-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: But, just to be clear, was Ulster Bank in breach, as per those letters notwithstanding they were sent to other people? I don't care about them, I care about you. Were you in breach according to those letters?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: Of what they said?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: So, as a banking inquiry, we should set these letters aside and not consider them as being relevant to the behaviour of Ulster Bank at that time, is that broadly what you're telling me?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: Okay, well then you will ... I think my colleague, Senator Barrett, did refer to the Dublin Mortgage Centre and the six significant issues that were mentioned there. That, correct me if I'm wrong, was an internal document created by Ulster Bank itself, not by the regulator, and it was ... discusses very serious elements that are going wrong, so I'm ... am I right in that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: Yes, so ... So that's your own guys telling you things are wrong.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: So now you're saying to me that the Financial Regulator's letters really aren't wrong but your own guys were wrong, or not, or were they wrong too, or right?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Susan O'Keeffe: But they ... in fairness, they were very serious issues. You know, non-performing debt, "clearly defined processes or controls for the handling of non-performing debt is not currently in place", "mortgages are processed to completion without sufficient consideration being given to whether all terms and conditions and documentation requirements have been satisfied". You were, after all, a...