Results 1,621-1,640 of 4,168 for speaker:Susan O'Keeffe

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: Is there a timeframe laid down for a company that might be fined? Does it get a month, or six months, or a year to pay the fine and, if so, are companies paying their fines?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: And where does that money go?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: Okay. How would you describe the political influence, if any, on the Central Bank Financial Regulator's office now?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: Have you ever had cause to meet the Minister for Finance or officials from the Department of Finance, or either, or both?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: Okay. And finally, if you were to use ... sorry. If you were to look at banks now, today, in your capacity, in your office, can you see clearly whether a bank, any bank, has very high exposure, a very high concentration to any ... you know, concentration, say, to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: You can see that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: And is there any way of a bank hiding that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: And finally what words would you describe ... use to describe the banking system today? Would you say it was robust, or frail, or in a flux, or what words would you use?

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: How does the ECB show its worry?

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: He is now joking.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: I promise to be back in time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: Thank you, Chair. Mr. O'Connell, do you take any share of responsibility for ... for what happened? You personally?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: I'll ... I'll come back to that. Specifically, the Financial Regulator was in the habit of holding round-table meetings with banks. Did you ever take part in those meetings and, if so, could you tell us a little bit about it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: And what would you ... how would you describe those meetings? Were they confrontational, cosy? You know, what went on? Was it a pure exchange of information? Just tell us what it was like because we don't know.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: Okay, so this was the opportunity on the part of the Financial Regulator to communicate the risks that were out there, personally, to the banks? Would that be a fair assessment?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: Okay. And so then the banks would then leave the room knowing that this is what your shared view was of the risks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: That would be a fair ... and would it be followed up in writing with notes that would then be circulated to all the banks or was that the end of it when they went home?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Susan O'Keeffe: Sure, but would ... I'm sorry ... would a note be made of what had happened at the meeting and that note be circulated to those who had attended?