Results 2,141-2,160 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: No.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: Although you did say earlier that they're normally-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: -----nearly always wrong, but anyway.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: Mr. McLaughlin, Exhibit B3, which was presented to us by Mr. Boucher, you may not have seen it, in fairness, it's not in the green book, and I'm not ... if you don't know the answer it's fine. It was financial market development and scenarios, strategic implications, September 2008. I'm just wondering whether it was a document in which you may have had a hand, act or part in the preparation...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: 2004, 2005, I have some of them.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: Yes. How important for the bank was that, that you, if you like, had a public platform, that you were able to, you know, proclaim your views as an economist for the Bank of Ireland in the media?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: Well, was it important to the bank that they had their chief economist writing in The Irish Times? Was it a good thing?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: Okay. Mr. Beggs, can I ask you, you make a reference in your statement to the OECD, and you had a substantial quote from their report, Ireland's Housing Boom: What Has Driven It and Have Prices Overshot?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: And I just wanted to draw your attention to two other quotes in that same report. It says in it, it talks about soft landings and that whole notion and it actually says: "If a soft landing is defined as something that is both mild and gradual, there has not been a single case out of the 49 boom-bust cycles." That's a fairly serious remark to make, and clearly you would have been familiar...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: So would that have informed your-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: Can I just finish? Again, in that same report, and I'm sure all of you saw it, the OECD said, Ireland, it is more exposed to a negative shock, sorry: However, it is more exposed to a negative shock that reduces residential and commercial property prices simultaneously as more than half of the banking sector’s loan book relates to property. Hence, it would be worthwhile for banks to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: So even though it was an important organisation-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: Were you ever asked to feed into it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: All of ... all of the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: So you could have shaped it a bit?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: So some of those positive remarks were made by those reports were in fact our own bankers talking to our ... us, through another guise.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: Yes, can I ask a clarification?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: Yes, that is fine. A clarification, Mr. McArdle. I think you said you didn't see any of the reports, and I'm just puzzled, because, obviously, the IMF and OECD reports ... whichever ones, they were all public reports we're talking about here.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)
Susan O'Keeffe: Yes. Thank you.