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

Susan O'Keeffe: In the years 2002-2008 ... I think is when you said you retired, is that correct?

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

Susan O'Keeffe: 2009, I beg your pardon. Did you observe any key differences in the way that loan applications were assessed by Irish banks?

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

Susan O'Keeffe: Well, when you say very keen, I mean, did they show their keenness in a particular way?

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

Susan O'Keeffe: Sure, but-----

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

Susan O'Keeffe: -----you can tell us what happened.

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

Susan O'Keeffe: You can tell us what-----

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

Susan O'Keeffe: Yes.

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

Susan O'Keeffe: But ... okay ... we understand that and we know that but what I'm asking you is whether or not you can indicate to us how ... how they did that?

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

Susan O'Keeffe: Okay, if it's relevant.

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

Susan O'Keeffe: Thank you.

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

Susan O'Keeffe: Financial institutions themselves got involved in buying property, didn't they?

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

Susan O'Keeffe: And how did that change the market that you were operating? You were buying and selling.

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

Susan O'Keeffe: Because?

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

Susan O'Keeffe: But why would you stop? I mean, you could have done both, no?

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

Susan O'Keeffe: But I take it that you still followed the market here and you still obviously had some interest here and some clients here?

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

Susan O'Keeffe: So do you .. do you have a view, or not, as to the impact that financial institutions buying properties might have had on the market?

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

Susan O'Keeffe: That was a change from the way the banks-----

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

Susan O'Keeffe: So what ... why did they, do you think, why did they-----

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

Susan O'Keeffe: Yes, they were. In terms of the high-net-worth individuals in Quinlan Private, I mean, were they across the board in Ireland or did you also have ... did they have to be Irish to be your client or could they be from anywhere?

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

Susan O'Keeffe: And did you have bankers and politicians in your-----

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