Results 541-560 of 4,168 for speaker:Susan O'Keeffe

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: How close could you get? How close did you get, or were you able to, or was it literally if you're not in government you can't come in?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Do you recall when, or if, you became aware of the NTMA's approach to their so-called safe harbouring policy of not putting deposits ... choosing not to put deposits into Irish banks from late 2007 on? Do you ... were you aware of that? Were you briefed? Did you know?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Okay. So that would have gone on without your knowledge? Okay. Do you recall when you became aware, leading into the crisis, say, at the Saint Patrick's Day massacre, the contracts for difference, the Seán Quinn contracts for difference in Anglo - was that something that you would have known about?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Did you ever have any informal/private briefings with bankers from any of the key banks? I'm not here referring to the meetings that the Taoiseach has referred to that you had with the banks where you went as a group, but I'm talking about you yourself.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Would you have had ... and I'm talking here now about the very brief time before the actual night of the guarantee, let's say September. Did any of the bankers seek to meet you to express their concerns, to talk to you, to see if you could be of assistance? Because we've been aware there have been all kinds of meetings going on with all kinds of bankers. Did any of them seek you out?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Sure.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: That's fine. Do you believe that while you were in opposition you had available research? Specialist technical areas, such as financial stability, did you have enough resources at your disposal, or was it up to you to create the resources?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Finally, Taoiseach, if I may: yesterday, when Sean Mulryan gave evidence, in his statement he said that if you broke it down by political party 19.5% of his disclosed political donations were given to Fine Gael. And I am wondering are there any other property developers that you are aware of, that you can name, that would have made any donations to you? And did you ask property developers...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: So you do not recall any other-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Thanks, Chair. Mr. Rabbitte, in your opening statement you say you were: bound to say ... [you] did not make the connection between our alarm at what was happening in the housing market and the risk to the banking system. I must admit ... it never occurred to me that our banks might fail. Why do you think it never occurred to ... and I think you mean "you" meaning all of you, or do you...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Well, and given that Northern Rock had had the difficulties, and various other, you know, the American banks were beginning to really struggle, and Bear Stearns and so on, was it ... what gave rise to you not making the connection, do you think?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Tánaiste, we've heard in evidence that since November 2007, you know, we've heard all about scoping documents and crisis simulation exercises and contingency and secret teams and documents briefing Department of Finance, Department of Taoiseach, all kinds of documents, talking about problems with liquidity, talking about the banks' share prices falling, talking about the decreasing...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Can I interrupt, Tánaiste, because, in fact, when Mr. Cowen was giving evidence here he said - this is on page 92 - when he left ... he meant when he left his job as Minister for Finance to move on to being the Taoiseach, he said: "There wasn't a crisis at that point." That would have been late April, early May.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Can I say, finally, when the financial stability report of 2007 was being discussed at the finance committee in January '08, you said: "The economic clouds are gathering but Ireland can ride out this storm if the Government takes action without delay." What were you thinking that action should or could be, given that we didn't see, if you like, any action until 30 September in a way and that...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Well, others have given evidence that, in fact-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: ------it was a systemic bank.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: Yes, I was just saying, others have said that actually Anglo became ... it may not have been, on the face of it, a monoline or a developers' bank but it became systemic and, therefore, that was the reason. But, I was asking you specifically, what were you thinking the Government ought to do when you said it should take action without delay. That was January 2008, long before action was taken.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: What did you want the Government to do?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Susan O'Keeffe: The question is made. I mean, finally, I wanted to ask whether or not in those final months whether any bankers, developers, individuals came to ask either you, Mr. Gilmore, Mr. Rabbitte, you know, for help, for advice, whether they could ... you could lobby or intercede on their part. Because we've heard of lots of meetings going on, or not.