Results 1,481-1,500 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: But did you meet any other former secretary generals?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: You didn't. In relation to the tax breaks-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: No, you didn't discuss evidence-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: -----but you would've met them socially?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Okay. In relation to the cost of the tax breaks we discussed earlier that Indecon produced, did you have any idea in your own head that the final cost to the Exchequer of those tax breaks would be as high as it was or did you have any idea at all?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: So why did you require Indecon to give you a figure and given that you then knew them and they were so high, why did you allow them to go ahead if you knew the costs to the Exchequer would be as high as it was?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: So what was your view when it was revealed by Goodbody that it was a small group of high net worth individuals that had in fact benefited from those tax breaks rather than a broad-based benefit? What was your view, was that something you'd expected or did you know or were you concerned?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Had you advised the Minister that in fact this would not have a broad-based benefit but that it would be individual high net worth people that would benefit from such tax breaks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: No, I'm talking about past ... I'm talking about before that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Yes, sorry.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: I have one last question, Chair, and that is, you referred several times, Mr. Considine, to the expression "People were nervous." Who were those people and what do you mean by nervous? Because you said several times also that, you know, you, as a Secretary General, and your team could only advise and in the end the politicians decided. So I'm not clear - were those people auctioneers,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: So that if anything was ... I just ... let me ... I'm sorry, Chair, I just need to be clear. So that if any changes were to be effected, that there was concern that those changes might make the property market go down, is that right?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Sure, but you knew, because you've just told us, you knew that there were high net worth individuals that were effectively benefiting from all of this. So were there not flags being raised in your advice that if high net worth individuals were benefiting from this, that perhaps this advice needed to be rescinded?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Well, it did.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Right, and so are there figures-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Yes, in fairness, you've said that you can't remember whether you gave that specific advice as to the benefits that people would get ... whether you gave that advice to the Minister?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Thanks Chair. Mr. Doyle, are you currently or have you been since you retired in any paid directorship of any financial organisation or financial company?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Excellent. When you were, to follow up on Senator Barrett's observations about NAMA, was there any involvement on the part of the European Central Bank in any of the final decision-making, given that you laid out certain options that were there? Did the ECB get involved and if so how?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: That is to suggest that they agreed with whatever had been laid out. Did they actually have any input into the discussions, negotiations, ideas?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (17 Jun 2015)
Susan O'Keeffe: Okay. Was it something you had close up and personal...