Results 241-260 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: But as it turned into a sustained run there, after Lehman’s, did you do anything or were you asked to do anything different as that accelerated before your eyes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Okay, you say in your own statement on page 6, you talk about, you know, finding in hindsight the sort of problems that Nyberg showed – "That credit risk management structures [in the Bank] were, in practice, deficient [and there was] ineffective overview of Group credit decisions", and so on. And you say, “Look that wasn’t part of my detail, but I know about them...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Sorry, you know, what were the problems on your side or were there any?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Yes, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Sure I appreciate the difference but what I’m asking you is whether or not your side of the bank was clean and pure while there were other activities going on in the other parts that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: In those last few weeks of September were you aware that, if you like, Anglo was now trying to find a partner, trying to find somebody to save the business, talking to other banks, talking to anybody who would talk to Anglo? Was that known among you generally?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Senator D'Arcy raised the matter of, you know, "Can one bank bring down a nation?", the headline of 2010 in The New York Times. Would it have been your view or anybody ... well, would it have been your view much earlier than that that, in fact, the bank had brought down a nation or could bring down a nation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Not even ... not even, sort of, after 2008-2009 when it was nationalised.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: The public would say, having looked across the years, that, you know, bankers had a good time, bankers were paid well, they were incentivised, they had good salaries, they had good pensions and they got away lightly given what had happened. Is that true? Was that true for you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: And finally, Mr. Fitzgerald, do you think that the contracts for difference situation in fact was the piece that brought the bank down?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Or lunch? Or coffee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Absolutely, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: Thank you, Chair. Mr. Gantly, you say in your statement that you were ... treasury was physically separated, that you were in a different building in a completely separate place. Isn't that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: And in a way does that reflect how it operated? Were you quite a, sort of, separate entity or did you feel very much linked to the activity of the bank as a whole?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: So coming up to the time of 2008 and the guarantee, how much were you aware of how things were changing and how more of an emergency it was becoming in those last weeks, or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: So this was new. What was happening in 2007 was a complete change from anything you'd see before.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: And so when you would talk to your colleagues and say, "I've never seen anything like this. This feels different, this is different" and that was in when - October, November 2007?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: One of the things that has always puzzled me personally is how, then, did it take until the end of September 2008 for it all, if you like, to come to a head, to blow up in a single night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)
Susan O'Keeffe: So, as all that was going on, as you say, as you were muddling along hoping something might come over the hill and so on, were you aware whether, in general terms, the bank was having discussions with any other banks or with Central Bank or the Department of Finance in relation to those liquidity issues? I know you say you wouldn't have had direct contact with the Department of Finance...