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Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: So, let's just be clear, this was a huge day. It was worst day of your life I think you said. You two banks were obviously under extreme pressure, you had been for quite a while. You asked for a meeting with the Government, I think you said yourself, to make sure they were informed of the level of the danger----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: And you arrived there with no documents to give them. Just let's be completely clear, you had nothing to give them.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Okay. On page 21 of document BOI, Vol. 1, C3b, again----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Page 21, again this refers ... it's a note after the one that you already discussed with that committee, you say "RB", I assume Richard Burrows-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: AOB, last sentence. "RB stated that the Group should make the point, when every (sic) possible, that it did not request the guarantee and did not require it." What is that about? That was on 29 September 2008 at the group liquidity meeting, which you attended, and that would have been obviously prior to going to Government Buildings. What's that about? I think you've said that you did...

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: I don't think-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: It's Richie Boucher, is it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Yes. Anyway. He said-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Well I'm trying to just-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Yes. Please? So your response is?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: I'm asking you why was that said, that we did not request the guarantee and did not require it? Why then did you go to Government Buildings, what was your concern if it wasn't to ask for a guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: So-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Okay, so let me just be clear, Chair. So you ... so while ... while AIB did ask for a guarantee, you did not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: I don't think we are, Mr. Goggin.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Well then why did ... why is this statement here that, wherever possible it did not request a guarantee and did not require it? I don't understand. I'm sorry. I'm not trying to be difficult, I just don't understand. I don't understand why hours before you went to Government Buildings, in your own minutes, it says we're not going to be asking for it and we mustn't mention it, and then when...

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Yes, of course-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Susan O'Keeffe: Thank you.

Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future
(30 Apr 2015)

Susan O'Keeffe: Mr. Trichet, bienvenue en Irlande.

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