Results 141-160 of 4,168 for speaker:Susan O'Keeffe
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: No, again, Mr. O'Connor-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Okay. Mr. Walsh?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Okay. So, in terms of the, if you like, the gap between the 28th and the 6th of October, as the week unfolded and you saw the guarantee and all of that, are you saying that there was then no contact at all between you guys - your team - and the Financial Regulator and everybody else that you'd been dealing with?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: So, on the morning of the guarantee, you'd heard it on the news, you didn't go in and go "Okay. We need to meet them, we need to talk to them, we need to give-----". No?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Why do you think that was?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: At what point did it crystalise for you that there was such a concentration of lending among such a small group of lenders? What ... when was that ... at least that you knew of it, even if you didn't know the entire detail of it? Can you recall when you knew that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: So in the first ten days it was evident, even if all the detail of it wasn't evident.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Sure.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: And so at what point did you share that information, that at the very least there was this high level of concentration among a small number and, therefore - there's a vulnerability attached, I take it, if you have a small number with a big loan - so where, at what meeting did you say "Guys, this is what we're finding. We haven't got all the detail yet."?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Early October. Not before the guarantee, even though it was clear in the first ten days.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Okay. So nothing was known about the individuals and their concentrations prior to the guarantee.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: According to you, I mean.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Okay. Now, Mr. McDonagh talked about when he ... he had asked in relation to Goldman Sachs and in relation to INBS, he said, you know, there were 33 questions, he referred to at his evidence here, that I want to know the answers to and he had e-mailed them to the Department of Finance. He said they were terribly basic questions. He described them as commonsense questions in his evidence...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: In the regulator. Those basic questions could not be answered by the regulator about INBS.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Okay. Mr. McDonagh also suggested at one point that he would like to share the Goldman Sachs information with PwC to get their view. Did that happen do you recall?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Everything was shared.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Okay, and did anything coming from there change your view in any way?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: In the information that you gave to ... in that ... one of those e-mails that you referred to - on 28 September - you say that "We have not had the opportunity to discuss the comments with management of the three institutions." I'm not clear, reading from the summary report and reading from the e-mail ... at what point did you talk to management about what you were saying and what they were...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Susan O'Keeffe: Why was that? Was that because-----