Results 1,241-1,260 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Susan O'Keeffe: Finally, yes, the fact that they were three times larger than the average in the EU, you are saying ultimately, you were happy with that? That there was a contribution made, is that correct? Have I understood you correctly?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: Thanks, Chair. Mr. Honohan, when you became the Governor, NAMA was already in train. In your view, was NAMA an optimal solution for the financial institutions, for the borrowers and for the State?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: Do you think or have you considered that you might've proposed an alternative solution or alternative solutions if you'd been in a position to do so at the time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: And you advised the Minister accordingly in your letter to him?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: When the chief executive of NAMA was before the public accounts committee in January 2011, he said that the average loan discount on the first tranche of loans moved from the 30% as advised by the participating institutions to the eventual loan discount figure of 58% overall. So what was your view on that discount level?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: What was your response or were you surprised or not about the large debtor concentrations in financial institutions and the level of interest roll-up? Did that come as a surprise to you or was it what you might have expected?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: So ... more or less by then?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: I think you said earlier that on 10 April 2010, you'd had a conversation on the phone with Mr. Lenihan?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: Yes. And you talked a bit about a bailout. Had you considered, prior to that yourself, did you actually know when you came into the job as Governor that there was inevitably going to be a bailout?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: No, was it ... but you're saying it was in the back of your mind as you took on the job that that was-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: So when Mr. Mody rang you in May 2010, are you saying that that was a random and surprise call? I mean, he was the assistant director of the IMF. He just randomly called you and said, "Hey"-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: Of course.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: But, I mean, what literally prompted him on that day at that moment?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: Yes, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: Okay. So why ... but why didn't you pursue it? Would it have been a-----?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: No, no, but why didn't you recommend it to Government? Why did you----?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: But you could have been in ... you could have recommended?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: How could it not have been material, Mr. Honohan, if the IMF was offering you a precautionary line? How could that not be material?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)
Susan O'Keeffe: Was it appropriate that BlackRock, the company that you spoke of earlier, ended up acquiring a stake of just over 3% in Bank of Ireland?