Results 1,181-1,200 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Even, even though, even though, arguably, the Financial Regulator's due diligence had not been, if you like, as complete as it might have been, that was clear already in 2008, so why would you still have taken that position in 2009?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: But does due diligence in that sense in the state that we were then in ... does due diligence fall under regulation at that point when in fact what you want is information and knowledge so that you can make further decisions?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Okay. So, so the regulator was doing that, so what else were you then doing in the Department?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Would you agree with Professor Honohan's evidence when he was here last week, its on page 29 of his evidence. He says:when I came in 2009, I realised that nobody was particularly concerned about Ireland [and I'm editing slightly] there was a sense that we were okay. ... But it was really the change in attitude in August of 2010 ... and, in September [that] we were absolutely in the centre of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Of course.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: He's talking here in the European context-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: -----that, if you like, in Europe, that nobody was really looking at Ireland. They weren't worried.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: In Vol. 1 of your book, its on page 28, "The PwC report ...look[s] at the trends in these capital ratios for the next two years, starting with forecasts provided by the institutions, and show that the institutions are currently forecasting operating profits well in excess of loan impairment levels."
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: That was dated November 2008. So, was that a valid observation there? Operating profits well in excess?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: So what does that tell us, about, I mean this is in-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: But, but if you looked at the, at the forecasts for ... even for tax revenues in Ireland between June 2008 and October 2008, that was just going one way, it was going from €3 billion to €5 billion to €6 billion. That's true isn't it, I mean we have the documentation that shows that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Yes, so that was going one way and unlikely to suddenly start recovering-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Did anybody really think it would? Given the state of the banks, given the state of the world economy-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Yes, but-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Yes, and the question is, how, you know, how can we ... how could those have been relied on to the extent that they appear to have been relied upon, when all around us, you know ... we're losing our heads, so to speak, everything was going one way-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: -----and yet one could look at these and say-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Well, this is the letter to the Minister, confidential and commercially sensitive, written by ... the Central Bank. Why on ... I mean, if it's not to be believed, then why were we ... why was Mr. Lenihan receiving it as a confidential document-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: You referred earlier on to that expression "the living banks". So, when did Anglo die?