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Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: -----were you just offering your expertise on the property side by now that had developed substantially or were you also offering other advices about financial matters?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: And as you say, part of what you were doing in 1989-1990 that was different was that you were forecasting where things would be and------

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: For the client.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: And as you did that and as people came to you, and you could see that this was growing, did it become ... how did it turn then that you started to create, if you like, particular vehicles for particular projects? So there's project X over there, well I'll gather these five guys for that project. How did that all emerge?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: So you knew Tallaght, so you were encouraged to do that-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: -----but what about the urban renewal scheme in Tallaght? Was that-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Was that an attraction?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: So were you one of those people who believed in the urban renewal scheme, in the town renewal scheme, in the-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: And did you, Mr. Quinlan, ever lobby to retain those schemes and those allowances?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Ever?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Okay. Is it fair to say that you became known as a man who was good at understanding those schemes and could ... and could, if you like, if you'll excuse the parlance, work your way around them?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Although I think people did argue and report that you were just particularly good at it or particularly quick at it.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Okay. That's fair enough. Now, in the book Breakfast with Anglo, Simon Kelly's book, which I'm-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: -----you may be familiar with, and if you're not, that's fine but he talks about the idea of selling tax allowances. He said that they would be ... separate the property asset from its tax allowance and sell the tax allowance to high net worth individuals. Is this something that you were familiar with or is it something-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: Okay. Now, obviously, as your business progressed and grew - and we've seen the figures; it grew quite significantly - you obviously became more involved with more banks as time went by, I take it.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: So could you describe the sort of business case, the process and criteria that Irish banks applied and how, if they did change in that period of time, how did they change? Because we've heard evidence, obviously, of how some of their models changed over time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: I appreciate that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Susan O'Keeffe: And did you see, at all, any change in the way banks behaved towards you? Now, I don't mean their internal processes, because clearly you couldn't say-----

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