Results 1,581-1,600 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: Well, I mean, do you have a view as to how it got from €4 billion, which seemed to be the figure that was recommended, and then, ultimately, we stepped up to €29 billion? Do you have a view or an opinion?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: Did that kind of drilling occur with your own efforts from ... from the Financial Regulator's office or did you need to bring in additional assistance or specialists?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: And so it's fair to say that the lack of that kind of specialist staff prior to 2008 was then much more obvious that there hadn't been that kind of staff available or perhaps we might have had of information at the time when things went south?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: You mention that when you became chief executive ... acting chief executive, you had to also, along with all the other things you did, authorise key investigations. Now, I know you can't discuss the detail of the investigations but you can, I think, tell us, who was investigated and broadly, what was the ... I mean, you could be investigating any aspect, so could you give us some broad idea...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: You have to be.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: How would you describe, given that you were there ... how would you describe the days and weeks that led up to 2008, just in terms of being in the Financial Regulator's office? Just paint a picture for 30 seconds of what it was like.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: Yes, and then finally, at what point do you believe that the damage, if you like, was already done. We've had witnesses who said that by 2005, if you like, the damage was already done in terms of what could be fixed. Is that ... do you share that view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: Thanks Chair. Mr. Roux, in terms of the assessment and communication of solvency and liquidity risks in the banking institutions, has that changed the assessment of, of those risks since you became deputy governor?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: The assessment risk, and the capacity of your office to assess risk, how has that changed do you think in relation to solvency and liquidity risks in particular?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: How would you then describe the relationship between your office - between the Central Bank, the regulator - and the banking institutions at this point? What words would you use to describe-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: Does that professional relationship that you describe ... does it allow for a distance between the institutions and the office of the bank and the regulator, you know-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: -----rather than a closeness? Is there a ... because we have heard evidence-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: -----of closeness in the previous time.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: I'm trying to find out whether the closeness still exists or whether you would describe ... is the word distant and appropriate more distant ... more distance-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: -----between you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: When Mary Burke gave evidence before us, she described the regular contact with senior executives in the Financial Regulator's ... and the banking executives, she said it often occurred without the knowledge of ... or the engagement of the supervisory staff. And we became quite familiar with the notion of the seventh floor and the meetings that took place there ... informal meetings which...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)
Susan O'Keeffe: Okay.