Results 1,361-1,380 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: No, I just want to concentrate on June and July just for a moment before I move to September, if I may. Would you accept that that's ... that things were not great in June?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: Okay. And in a note in ... in July - there was obviously a memo to Government about the budgetary consolidation, obviously, that was going on at the same time - and quite clearly in that note ... it shows exactly how poor the finances were becoming that there was a ... that the ... "As a result, combined with the tax shortfall of at least €3 billion, there is now a strong likelihood...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: Okay. Where ... we ... we then see in our ... in the notes and things that have been passed to us and have been made available to us, there seems to be a pause in August, where we see no meetings ... no minutes no ... can you explain why there was a silence or a gap in the month of August?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: Was there any sense of ... given that all the figures seems to be heading in one direction, was there any sense of crisis through July-August?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: I mean, I would put it to you that August seems to have been a month where people went away, they took holiday and everything came becalmed. And when everyone returned in September ... and the first note we have, 3 September, that it then seems to have rushed into a crisis that then was ... I just ... I put it to you, that's what it feels like from the documentation.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: It just does seem as if all the figures ... everything was steadily getting worse and worse and worse and then there was a calm in August and then everybody came back to work. That's how it appears.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: But I hear what you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: So the Reuters story almost helped-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: -----if you like, to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: -----pierce that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: At that meeting, at the weekend ... there were several meetings at the weekend of 7 September 2008-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: -----where the banks came in and they met the Central Bank and Financial Regulator to talk about potentially rescuing Irish Nationwide in some way, shape or form. The minutes taken by both of the banks from that meeting would suggest that things were very bad indeed for INBS in talking about a hole in the ... on page 132 of Kevin Cardiff's Vol. 1, it talks about, "The banks reiterated it was...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: I'm sorry, what never happened?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: So at that meeting... this was a crisis meeting that took place on a Sunday. Allied Irish Bank, Bank of Ireland, the Central Bank, the Financial Regulator - and that was Tony Grimes and Pat Neary and Con Horan - and you're saying that what was communicated ... or what was discussed at that meeting was not clearly communicated back to you and this was at the beginning of the serious crisis....
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: No, but you never saw any minutes back from the meeting, or you were never told, "These guys say that INBS is in a serious state." That's what I'm asking you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: On page 1 of your own ... what I've called the long statement, you refer to your ... who ... the secret team, the secret work that you were doing. Was there a secret team and, if so, who was in it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: And who was doing that work with you? Sorry.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
Susan O'Keeffe: Did Minister Lenihan know about this secret group?