Results 621-640 of 4,168 for speaker:Susan O'Keeffe

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

Susan O'Keeffe: Oh, I think it was, he was remarking, Mr. Dunne, that when you asked more questions, he was saying ... he says ... it's his evidence is that there were not sufficient answers. But you are saying that you had prudential reports every month, okay. In October 2008, the public fine of €3.4 million against Quinn Insurance emerged. Was that a matter that was discussed at the board; either...

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

Susan O'Keeffe: And was the matter of the contracts for difference and the difficulty that that ... that offered, if you like, Anglo Irish Bank ... was that something that was discussed at board level as a particular matter, Mr. Begg?

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

Susan O'Keeffe: But just to put it-----

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

Susan O'Keeffe: Yes, I just want to-----

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

Susan O'Keeffe: It's a clarification really, Chair. When you say, ''at that time'', Mr. Begg - I mean are you talking about the time prior to the fine being made public? I'm just wondering in-----

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

Susan O'Keeffe: October 2008.

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

Susan O'Keeffe: Sorry, Chair, can I just ... I'm sorry-----

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

Susan O'Keeffe: -----there's one thing I just can't get to the bottom of here though, in fairness. It's one last question. In the documents we have seen, clearly it was known earlier on before the ... you know, before the ... before October, it was known in the Department of Finance that the money had been used, it was Quinn Insurance money that had been used to unwind the contracts for difference.

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

Susan O'Keeffe: Is that your ... that's your understanding?

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

Susan O'Keeffe: It says-----

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

Susan O'Keeffe: It says at the end that the Financial Regulator was not aware that that money had been used.

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

Susan O'Keeffe: Mr. Dunne?

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

Susan O'Keeffe: Okay-----

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

Susan O'Keeffe: No, I don't want you guessing either. Thanks, Chair, thanks for your indulgence.

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

Susan O'Keeffe: Thanks, Chair. Mr. Mulryan, if I can just go back a moment to the joint venture arrangement you had with INBS, was that vehicle called Clearstorm-----

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

Susan O'Keeffe: -----or were there several vehicles?

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

Susan O'Keeffe: Okay. And would-----

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

Susan O'Keeffe: Okay.

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

Susan O'Keeffe: What ... how does it change the relationship between someone like you and a financial institution if, instead of their lending to you for your project over there, they're actually right ... part of the project and have a share in the profit? How does that change the relationship, do you think, if, indeed, it does?

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

Susan O'Keeffe: How ... when that relationship started, had that been your experience up until then that financial institutions were in a position to be in joint ventures, if you like, or were they very much more the other model of, "Here's the money and come back when you can pay it back."?