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Results 281-300 of 4,168 for speaker:Susan O'Keeffe

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Susan O'Keeffe: Eight.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Susan O'Keeffe: When the Department of Finance was, if you like, trying to organise itself through September, it was looking at all the various institutions. It put you in the same category with Anglo Irish Bank and INBS, the three of you grouped together and, indeed, they referred to your position as "finding conditions very challenging". I mean, again, they would have been drawing that, obviously, from...

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Susan O'Keeffe: Did you think the bank would go under at that point?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: Thank you, Chair. Mr. Fingleton, in KPMG's corporate governance review in 2008 it said that board packs ... it's a very specific question about ... "board pacts are very detailed and at times lack clarity and structure". For example, there is little market and operational overview and salient financial commentary provided. What would your observation be in relation to that ... to their...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: Can I bring you, please, to Vol. 2 of the evidence books, on page 24? Again, this is the Financial Regulator ... a very detailed letter that was sent to you ... sent to the INBS ... dated 20 November 2006 which means, obviously, this work had gone on for quite a considerable time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: Page 24, Vol. 2.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: And it specifically-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: I beg your pardon, I thought it was coming up. I am sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: The date of the letter is 20 November 2006. There is obviously a lot of detail in the letter so the work had gone on over a long period of time prior to the writing of the letter.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: That's correct.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: Page 24, M21, you will see, this is relating to credit risk and, it says: The inspectors are concerned at the following: 1. The Managing Director, who is a member of the committee, did not attend any of the 27 meetings reviewed by the inspectors, covering the period 8 May 2005 to 11 May 2006 [so that would be a year]. It then goes on to say: 2. [Mr.] Darragh Daly, Homeloans Manager,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: I am asking, just as an example, Mr. Fingleton, of some of the things that the Financial Regulator was drawing attention to about the way in which the society ran its business and you have said here that, in answer to my colleagues, that pretty much things were done well and you employed good people, and so on. I am saying, well, that is one very specific-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: Mr. Fingleton, the managing director did not attend any of the 27 meetings.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: Who was the managing director?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: A member of the committee.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: Why not, Mr. Fingleton?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: And were you aware that the quorum of three members was only achieved for two of the 27 meetings?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: Okay. Do you accept in relation to the detail of this particular inspection there are many other matters raised here ... are those just for the record, are those also in dispute, Mr. Fingleton, or do you accept any of them?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Susan O'Keeffe: In fairness, Mr.-----

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