Results 1,801-1,820 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: Well, I'm talking here about 2006 and '07, so just-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: We were led to understand that there had been, if you like, informal meetings or informal contact between senior executives in the Financial Regulator's office and senior members of banks, you know, in an informal basis, perhaps having conversations outside of formal ... is that something you were aware of or do you know anything about that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: I'm talking here about informal-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: In response to Senator Barrett's query about the fact that there were three people in the Financial Regulator's office that were responsible for AIB and Bank of Ireland, you said that was a function of the sort of principles-based approach. Now, we've heard Bank of Ireland and AIB in here saying that they would have had roughly 200 people each involved in their audit teams, yet here we were...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: You didn't know?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: Should you have known, Mr. Hurley?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: Were you aware that as it came into 2008, and clearly things were beginning to really decline and there was major concern within the Central Bank, that when there was a query for further staffing to be given, because things were getting worse, that that ... that request for further staffing was declined?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: If I could go to Vol. 1; it's the OECD report entitled, Ireland's Housing Boom: What Has Driven it and Have Prices Overshot?. Is that a document that you have seen, Mr. Hurley? And would the OECD be an organisation that you would trust?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: Page 60. They just ask one very simple question: how common are soft landings? And they say that they looked at a number of soft landings - I'm sure it'll come up on the screen for you, Mr. Hurley, on page 60 - they say they looked at 49 different ones and they say, "If a soft landing is defined as something that is both mild and gradual, there has not been a single case out of the 49...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: On page 121 of Vol. 1, Mr. Hurley's Vol. 1, page 121, you talk about making sure that, "...the tone and [the] comment in the Financial Stability Report will be of particular importance and sensitivity." And then there: ...was agreed that particular care should be taken to ensure that comments on risks are not liable to over-interpretation by the international and domestic media. In this...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: Okay. Could you describe the status of the relationship between the Department of Finance and the Central Bank during your tenure and, in particular, given that you had been the Secretary General of that Department?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: I've one last question, if I may. At the beginning of ... sorry, late 2007, were you aware that the Financial Regulator had ... had ... had taken on an investigation of the top 20 of the exposures, you know, of the loans that the banks had? And that in-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: Yes, I know. Well, I'm finish ... it's my last question.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: I'm just wondering whether Mr. Hurley is aware of that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: It's in documents we've been given. I'm sorry, it's very ... it's very difficult for us to know which-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: Well, in fairness, I did discuss late 2007, Chair, and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: -----I was trying to ... trying to understand-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
Susan O'Keeffe: Thank you. I'm just trying to find out whether you would have been aware that there had been some investigation into the banks' specific exposures through particular loans and the detail that was given of those loans.