Results 501-520 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: -----whether it was appropriate to take the bonus for the previous year in 2008?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Correct.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: And so part of the courting of coming to the EBS would have been appropriate bonuses and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Okay. On page 3 of Vol. 1 there is a note from Cathal Magee, who was a non-executive director of EBS. This is 30 March 2006 - it's quite a long document, but in paragraph 2 he says: It is my first experience of being corporately "bullied" as a Director because of positions I have articulated. However, it has reinforced in me an understanding of and a commitment to the need to implement...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Yes. I mean, he would have been ... he was a man with a strong track record in other organisations wasn't he? So he was a very senior manager.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: He was very commercial. So how did the EBS take his observations at that point in terms of his approach or his attitude? I mean, he was clearly appointed, he didn't wander in and become a member, he was appointed.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: But what was the response at that time to his observations?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Okay. In Vol. 3 of the core documents on page 59 is the statement, the witness statement of Ms Ethna Tinney. She talks here about ... on page 59 at the bottom of paragraph 1, and she is talking about the appropriateness of property relating lending strategies and risk appetite, and she says "There was a sort of feeding-frenzy as the banks clambered over one another to get a piece of the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Sorry, in fairness, Mr. Merriman, you will have read this because you were given the document. She does go on in the next paragraph to say: In the period from December 2006 to April 2007 I was inundated via email by proposals from EBS senior management on behalf of "developers" for quantities of cash in the tens of millions which appeared to be asset-backed and also to contain personal...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Yes. So I am just saying, I mean, that is Ms Tinney's observation of what was happening. You were also a member of the board, I am asking do you share that view of what happened in EBS at that time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: No, I am not asking about the inundated-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: No, I am not asking about the inundated, she is saying that she was asked on each occasion: the approval or lack of it had to be sent ... by email to EBS by close of business ... the next day. The rationale was that if EBS did not facilitate the "developer" another bank would and we would simply be losing out ... the business. I am asking you the question was: is she correct in her...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: In a 24-hour period. So that is correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Thanks, Chair. Mr. Gormley, were you aware at the time when Morgan Kelly produced his article in The Irish Timesat the end of 2006 ... did that make an impact on you, do you recall, or, again, when he published in the ESRI bulletin in summer 2007? Do you remember?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Do you recall any conversation - after you became a Minister - of the content of that Morgan Kelly ... of his suppositions or his proposals? Did it arise at all anywhere in conversations?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Ms Harney, on the night of 29 September when you took the call from the Minister for Finance, did you effectively recuse yourself from any decision by saying that it wouldn't be appropriate for you to participate in whatever decision, and I'm quoting, "was arrived at that affected AIB or Bank of Ireland" because you and your husband jointly owned shares in those institutions?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Would it be something that happened a lot or rarely that someone might be unable to be part of the making of a decision because of a conflict of interest?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: Mr. Gormley, you talk on page 3 about snatched conversations with Mr. Lenihan after the Lehman's collapse. You also talk about the phone call conversation, the e-mail with David McWilliams. You go on to talk about that short and rushed meeting you had with Mr. Cowen and Mr. Lenihan on the Sunday before. You say then about your decision not to leave your house and go into Government...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)
Susan O'Keeffe: I'm trying to find out why your interaction with this is so small.