Results 641-660 of 4,168 for speaker:Susan O'Keeffe

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

Susan O'Keeffe: Could it be argued that the financial institutions become speculators of a kind, do you think?

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

Susan O'Keeffe: Is that what financial institutions ... is that what we understand them to do, to take risks?

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

Susan O'Keeffe: If you look at what we're doing here ... is discussing the banking crisis and the financial crisis and it wasn't just here it was in other countries, do you think its at all the case that those banking institutions, financial institutions, that came into that risk arena have contributed, along with yourselves, to the banking crisis that we found ourselves in?

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

Susan O'Keeffe: Quite.

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

Susan O'Keeffe: And that's what happened?

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

Susan O'Keeffe: In the ... you listed there 11 banks with whom you did business - or 11 financial institutions - of which INBS was one. Would you have had similar joint ventures with all or some of the others-----

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

Susan O'Keeffe: -----or was it just them?

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

Susan O'Keeffe: And why then, given what you said, that these, if you like, joint ventures were available in lots of other countries the UK and the US, you've said, why then why the other institutions not engaging in this? Why was it just INBS, do you recall?

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

Susan O'Keeffe: Okay. Did you ever ask any other financial institution to engage in that kind of-----

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

Susan O'Keeffe: Is it fair to say that you also did ... you had other arrangements with other property developers, as and when it was required, if you were interested in a particular development, you might ... you might get into a deal with some other developer? Is that fair enough?

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

Susan O'Keeffe: No, no. Not all the time-----

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

Susan O'Keeffe: Okay. And what would the purpose of that had been, when you did that?

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

Susan O'Keeffe: Okay. Did you have an Isle of Man business part to your whole business structure and, if so, why would you have had that?

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

Susan O'Keeffe: Is it tax efficient?

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: On page 19 of your own statement, you talk about lobbying and you discuss that you always sought to communicate or engage with the public, elected representatives and so on. You say: This consultation process was an open and transparent activity where each interest group lobbied for its own point of view. In many cases, Ballymore's point of view was taken on board. So are ... can you...

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

Susan O'Keeffe: And you're not able to recall a particular instance, for example, where you ... because you say that in many cases your point of view was taken on board. You can't give ... are you able to give us an instance of where that might have been successful?

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

Susan O'Keeffe: Deputy McGrath did raise with you the matter of relationships with banks and so on and you talked a bit about roll-up interest and so on. Were there other incentives that banks offered as time went by? Did you notice lower interest rate margins, interest holiday periods, or not?

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

Susan O'Keeffe: No.

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

Susan O'Keeffe: And you would, of course, have negotiated.