<BENJAMIN WILLIAM STEINBERG, ON FORMER AFFIRMATION [9.52 am] BY MS ORR THE COMMISSIONER: I’m sorry we have started late, but the technology gremlins have apparently done their thing again. That which was tested this morning then proved it wanted to have a little holiday. So there we are. Yes, Ms Orr. MS ORR: you, Commissioner. Now, Mr Steinberg, I want to pick up where I left off yesterday. We were dealing with ANZ MR ..........: Can’t hear. MS ORR: We were dealing with THE COMMISSIONER: Well, I won’t have interruptions like that. I just won’t have it. Go on, Ms Orr. MS ORR: We were dealing with ANZs provisioning for the Landmark loan book. Now, is it fair to say that the quality of the loans that comprised the Landmark loan book was worse than ANZ had anticipated?Yes. And in your statement you have provided a table that sets out the number and value of the former Landmark accounts that were impaired and high risk?In my Rubric 4 Yes, your original statement?Yes. Yes?I do, yes. If we go to that that’s at paragraph 35 of your first statement. I will just get the – document ID for that. It’s ANZ.999.010.0069. That’s the statement. And the table appears ?Well, mine is 79, Ms Orr. Is that paragraph 35? Yes. I’m I was directing you first to the first page of the statement ?Yes. which you now have on the screen. And then the table that I want you to look at is at 0079 to 0080. Now ?So I’ve got a table that goes from 78 to 79. Thank you?Yes.
<BENJAMIN WILLIAM STEINBERG, ON FORMER AFFIRMATION [9.52 am] BY MS ORR THE COMMISSIONER: I’m sorry we have started late, but the technology gremlins have apparently done their thing again. That which was tested this morning then proved it wanted to have a little holiday. So there we are. Yes, Ms Orr. MS ORR: you, Commissioner. Now, Mr Steinberg, I want to pick up where I left off yesterday. We were dealing with ANZ MR ..........: Can’t hear. MS ORR: We were dealing with THE COMMISSIONER: Well, I won’t have interruptions like that. I just won’t have it. Go on, Ms Orr. MS ORR: We were dealing with ANZs provisioning for the Landmark loan book. Now, is it fair to say that the quality of the loans that comprised the Landmark loan book was worse than ANZ had anticipated?Yes. And in your statement you have provided a table that sets out the number and value of the former Landmark accounts that were impaired and high risk?In my Rubric 4 Yes, your original statement?Yes. Yes?I do, yes. If we go to that – that’s at paragraph 35 of your first statement. I will just get the document ID for that. It’s ANZ.999.010.0069. That’s the statement. And the table appears ?Well, mine is 79, Ms Orr. Is that paragraph 35? Yes. I’m I was directing you first to the first page of the statement ?Yes. which you now have on the screen. And then the table that I want you to look at is at 0079 to 0080. Now ?So I’ve got a table that goes from 78 to 79. Thank you?Yes.
transcript-26-june-2018.docx