Results 581-600 of 4,168 for speaker:Susan O'Keeffe

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: -----in any conversation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Mr. Begg, were you aware?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: No. Can you recall when you might have become aware?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: So, in other words, it wasn't formally raised at any point at a board meeting? It wasn't discussed at ... Mr. Begg, do you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Okay. Mr. Begg, what training did you receive to prepare you to become a board member at the bank? Do you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: None. Was that the normal, or were you just an exception or are you aware ... you know-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: -----was everybody trained and you just happened to miss it or-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: And did you ever ask for any training?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Okay. Mr. Dunne, how about you? What was your situation in relation to training?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Mr. Begg, how long were you on the board of the Central Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: And in terms of sort of good governance, corporate governance, how long ... is there a recommended, or are you aware is there a recommended period for which people should serve on boards?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: And do you feel that's a good recommendation in light of the fact that you were there for longer than that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Mr. Dunne, do you have a view on the length of time that board members should serve in this way?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: And in terms of your, if you like, service or your time at the bank, do you believe that happened?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: So that was seven years, okay. Mr. Begg, you say in your own witness statement on page 3, you say, ''We were seriously exposed in the banking sector and we didn't know it''. Do you believe that the Central Bank and its board have accountability for that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Do you believe that there were ... the tools were available to the Central Bank which could have helped to identify and deal with the risk area?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: If you look ... if you consider the board now and what happened, is there an argument that boards like the board of a Central Bank should have people with more financial experience, more financial capability on it or what is your view of a mixed ability board?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Mr. Dunne, do you have a view on, sort of, the mixed ability board versus, if you like, having more people with more financial experience-expertise?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: When Mary Burke, who is the head of banking supervision with the Financial Regulator gave evidence here, there were two things she raised and I will deal with them separately. She talked about what she described as meetings, informal meetings on the 7th floor of the bank where bankers came in and had informal meetings with senior managers. Was that something that you were ever aware of,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Susan O'Keeffe: Yes, and just to be clear, Mary Burke says on page 98, ''I don't believe ... I rarely ... if ever saw what one would call a minute" of the meetings on the 7th floor', just for clarity's sake.