Results 1,761-1,780 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Okay. And so you say that that has changed now but you did ask in 2008 for some additional resources. You didn't get them. Is that ... that's correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: You didn't get the extra people that you asked for. Do you know at what level in the bank that was refused? Was it at ... right ... up next ... or did it go all the way up to the board or the Governor or do you know?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: But you don't know at what level ultimately it was turned down, do you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: But it was turned down.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Okay. Do you recall a document that was delivered by the banking supervision department called the "Outlook for Liquidity - Irish Domestic Institutions" on 10 September 2008? So this would have been right up in the crisis time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: No, it wasn't.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: You've some, yes. Really rather than ask you the detail because you don't have it ... but, broadly speaking, do you recall how serious at that point, if you now ... you've come through from 2007 to April 2008, this is now mid-September 2008 ... how serious were things now for the banks that you examined in this document? And what ... I mean, we have some of it, some of it's been redacted.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: And what does that mean then when you guys say "very serious"? Is that a big red flag or ten red flags or how would you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: But you do recall that there were two and that it was very serious and that you would have been saying to anyone who asked ... when they asked about it-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Can I-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: And at point in terms of the ECB borrowing, would you have been recommending or did this fall into your bag that banks would be reducing their dependence on ECB, or do you remember?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Wherever you could find it. So, so you wouldn't be ... how ... you wouldn't be comfortable if a number of your banks were all knocking on the ECB door. You wouldn't be thinking that was a good thing.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Okay. On page 47 of Vol. 2 of Mary Burke's own documents, this is the letter that was written to you by the head of ... by the Bank of Ireland Group, and this is in relation to them being in breach of their limits, and they're replying to you, as your letter notes: ...Bank of Ireland exceeds the 200% limit in Real Estate, Renting and Business category. Bank of Ireland remains comfortable...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: I'm sorry. And then at the end they ask for, to be allowed to, that those limits should be reconsidered. So, I'm just wondering what would ... what was the view then of that kind of letter? And there were others, I know, but what was the dialogue going on here at that time between your department and the banks-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: -----and their breaches?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: It's all right.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: Thanks Chair. The inspection of commercial property lending exposure that we talked about before in Vol. 2, can you just confirm whether the results of that would have been passed upwards? Wwould the Central Bank have known about that inspection and the level of, you know, would that have been passed through automatically?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)
Susan O'Keeffe: When you talked earlier about the now-famous seventh floor, can we just be clear, those meetings that took place between those executives and bank executives, were they minuted and were those minutes passed back to you?