Results 2,861-2,880 of 4,168 for speaker:Susan O'Keeffe

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: To return to politicians, faced with a great crisis that is happening all around them, what role could, should or would due diligence play in that scenario?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: Should politicians have sought due diligence?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: No, I am talking about the moment of a crisis when everything is going wrong.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: If a decision is going to be made about guaranteeing something, would Professor Black seek at that moment to do some diligence on what he was about to guarantee?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: Yes.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: But should they seek it?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: Could any bank have embarked on this recipe Professor Black has described by accident, or would they know that they were doing what they were doing?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: Please do.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: Would bankers in that recipe scenario know that their own bank was insolvent? Could they have confused it in any way?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: Would it be fair to use the term that they were actually creating personal profit centres – that that is what they were at?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: It is a very strong term. I am very interested to know how the bankers make the money. Professor Black talked about cashing out, the extra shares, the golden handshakes and all of that. How do they actually make the money? Were they taking it out when no one was looking or was it just in their salary? Did they have deals going on?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: What was happening in Professor Black’s experience?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: Based on his experience.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: Absolutely.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: What is the myriad of other ways? Can we find them?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: So it is easy.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: I am sorry.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: On a scale of one to ten, how much confidence does Mr. Nava have in the regulation now in place?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: In 2006 Mr. Nava would have said his confidence was at three.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Susan O'Keeffe: In the drafting of the legislation and the preparation of those mechanisms, how many times, if at all, did Mr. Nava, his colleagues and his team speak with Professor Black, or listen to or appreciate the argument he has put forward about the way banks and bankers have behaved and what regulation he believes would be a game changer?