Results 381-400 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: So INBS would manage that on ... if I was coming to you, you would manage that for me in the Isle of Man. Is that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: Okay. And so how much ... would there have been considerable business in that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: And were you the only building society offering that particular?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: Sure.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: And that was all perfectly within the ... Going back to Mr. Boucher in relation to the meeting and I know that you said it was difficult to recall all of the detail, he said in his own evidence, he said: There was a discussion between ourselves and AIB, there was some commentary from the regulator that they felt, well, the haircut on Irish Nationwide's books would be, I don't know, a...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: Or knowing about that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: He says also that there had been an "exercise" he describes it, back in 2006 - he can't remember the exact date - where options were being considered for Irish Nationwide, and he says: [We sat down with the] chief executive of Irish Nationwide and his company secretary to discuss their business model to get an outline of the type of lending they did ... I got an understanding of what I...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: What happened there? Why was there a meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: And did they write back to you after that meeting and say, "Well actually we don’t think you’re a suitable fit", or did it just end after that meeting? Do you recall?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: Okay, and did you at that time talk to Allied Irish Banks in the same manner that you did with Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: Yes. Documents that we have seen that obviously we can’t – for 33AK – sort of state precisely what they were, but they show that there was a long-standing difficulty between the INBS and the Financial Regulator, going back to even before the separation of the way they were set up in 2003 and 2004. Given that you were there all that time, would you say that, would you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: I can give the reference if required, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: Sure, no I am not implying that but the suggestion here is that there was always a difficulty, that the regulator always had a struggle to get INBS to respond, to come back, to talk to them, to give the responses that they require to give, the information that they require to get changes through. That's the evidence here in these documents, so what is your own view given that you were on the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: And you felt you did.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: I have just one last question, Chair, and that relates ... and again I am going here now if I may, Mr. Purcell, to the time of the guarantee and to your medium-term note programme, and to the payments that you would have had to make on these. I am referring here to a document actually from Brendan McDonagh to William Beausang and it talks about repayments that you would have to make of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: And again, I can give you the reference, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: But was that a difficulty for INBS at that time? Was that now becoming a much more, you know, looming problem than it might have been previously?
- 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: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Susan O'Keeffe: So if the markets were poor, you were struggling.