Results 961-980 of 4,168 for speaker:Susan O'Keeffe
- 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: Thank you, Chair. Mr. McDonagh, how senior were you at that time in the hierarchy or in the structure of the organisation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: When you gave evidence here before you said that you didn't know that there was going to be a conversation about the guarantee that night, because Mr. Cardiff hadn't indicated it to you on the phone, and you've just recounted that again. Does that mean you didn't know that the Government was considering a guarantee at all or that you just didn't know it would be that conversation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: We'll just come back to that e-mail in a moment.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: So when you say all the conversations and meetings had been heading for nationalisation, who was driving those meetings? Who was central to them and whose opinion was that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: And when you talk about those work streams and those meetings, was it as harmonious ... when you say everybody was working, if you like, in the sense of nationalisation was there lots of dissent or was everybody, sort of, working in that direction?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Okay, and I'll come back to that. So just to go back then to William Beausangs e-mail of the 26 September, in which he said he had spoken with the Secretary General that morning, that's the Secretary General of the Department of Finance, and he was now asking for the NTMA "to crystalise the issue that might be expected to arise for our sovereign rating in the event that the State provides a...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Okay, and you said you didn't have a huge amount of time but in your response, and I think you say it in your statement, you refer to it ... that it would ... what was the remark that you made? It would cost more than Greece would cost.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Ireland could expect to pay a lot more than Greece. So in saying that, you said to me earlier on the reason you didn't have a belief in a guarantee was you didn't think Ireland could manage that. So when you were writing that, were you writing it just thinking "Well that's the truth and I'll just say it" or were you thinking "That'll ring a bell and they'll understand that that's not...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: I know.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: And when you were writing that do you recall whether you thought "I'm just answering a query here", did you think this was a move away from where you were or did you think someone was just trying to cross the t's and dot the i's in terms of getting the information?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Were you asking - let's be clear - you were asking questions of the Central Bank and the Financial Regulator and you were not getting the information?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Would you describe this ... the ... your view, the NTMA view of what should be done that night, would you describe it as a strong view that you believed, that nationalisation ... was it a strong view that you held as a team?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Do you believe that the strength of your view is in any way linked to the fact that you were not in the room on the night of the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: When you were last here, Mr. McDonagh, you may ... you said ... just bear with me ... on page 61 of your own evidence, the last time that you were here, you said at the beginning of September I think we were becoming understandably concerned, maybe, about the Central Bank and the ... sorry: the Department of Finance, I think, were becoming understandably concerned maybe about the Central...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: So was there some tension then, do you think?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Were you surprised when ... as you said, when you heard that they weren't able to answer questions, were you surprised at that? Were you shocked, what was the reaction?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: What advices or analysis was carried out by the NTMA in the months leading up to the increase in the deposit guarantee, and was there a deliberate strategy to increase the guarantee scheme to be one of the largest in Europe to maximise ... was that to maximise deposit liquidity?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: The personal guarantees, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
Susan O'Keeffe: Yes.