Results 481-500 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Susan O'Keeffe: Finally, if I may-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Susan O'Keeffe: No, I get that. I get it. Mr. Aynsley, in relation to the concerns that were discussed previously by other members on page 15, did you, on foot of what had happened there, did you ask to speak to anybody else in the Department of Finance? Did you ask to speak to the Minister for Finance? What did you do on foot of those ... because I know you've said that there is a trail of e-mails to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Susan O'Keeffe: I understand that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Susan O'Keeffe: Yes, and finally, I mean, effectively, you have noted that the relationship was governed by the so-called relationship framework, the RF. Do you believe that in your tenure there, was that relationship framework breached in any way, specifically? I mean, given all the concerns and they're in ... they're noted here ... was it actually breached?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Susan O'Keeffe: Was it breached by the Department of Finance, though?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Susan O'Keeffe: Was it breached by the ... I mean, it was a relationship between-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Susan O'Keeffe: ----- the two sides. Was it breached by them at all in their actions towards the bank? That's what I was trying to get at..
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Susan O'Keeffe: That's what I was trying to get at. Given the ... no, in fairness, Chair, I did ask the question. You said ... in relation to the observations you made about the Department of Finance, do you believe that the relationship framework was, at any time, breached by the Department of Finance in relation to you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Susan O'Keeffe: Thank you. Thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Thanks, Chair. Mr. Merriman, can I just clarify there when you said about the NTMA and you had a sense of it not putting anything on deposit with the banks from 2007? Was that knowledge not publicly available? You were saying you had a sense of it. Would they not have indicated that in their own figures?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: It was private?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: And you were not aware of it through other people?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: No, well we don't want guessing. Thank you. In Vol. 1, page 130, and again I know this was from the 2004 strategic review, it says ... it talked about, "Profits grow on average by 13% p.a. [per annum] from 2002 to 2004 and by 25% p.a. [per annum] thereafter." And I'm just wondering what you thought of that kind of forecast for growth at that time for the EBS?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: No, the forward one. Was it an ambitious target at that time do you think?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: So, why have it there as part of the strategic review?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Well you came in just a year later so are you aware or can you recall whether that plan had changed by then or whether that was still, if you like, your ... the stated plan of the EBS when you joined?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Okay. In Vol. 2 of the core documents, Mr. Merriman, page 139, is a list of the top ten bonus payments in 2001-2008 and you received a bonus in 2007 of €309,000 that was the highest for that year. In 2008 you received a bonus of €220,000. Given what was happening at that time in terms of the stress in the financial markets and so on, was it appropriate or not to take a bonus...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Well, I can't be ... yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: I'm sorry I don't know that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Yes, it does say that, for the previous year. But, again, you would have known in 2008 what was going on in the world around you and I'm asking-----