Results 3,341-3,360 of 15,555 for speaker:Eoghan Murphy

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: Mr. Nyberg notes in his report that in regard to the bank management and boards, "Observers, analysts and consultants invited to address bank management and boards did . . . point out the increased funding and liquidity risks". At the same time, "there is no evidence that this made a discernible impression" on these boards or people and, "This is not surprising given that many of these same...

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: Those people were coming in to advise them on growing rapidly and competition from foreign banks was fuelling it in part. Then they accessed greater funding from the wholesale market. To what extent would Mr. Nyberg assign responsibility between the lender and the borrower in that situation?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: What enabled them to grow was access to the international wholesale market funding, and the professional lenders.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: Does the responsibility lie with the lender?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: I wish to turn to the role of the Central Bank and the financial regulator. In his report Mr. Nyberg states, "[W]hen confronted with the information that was available to these authorities throughout the Period, it is safe to say that vigilant authorities should have been much more concerned by the end of 2005". He goes on to state, "Even in the absence of in-depth analysis, by early 2006...

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: It was obvious.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: Mr. Nyberg talks about this idea of "principles-based regulation" in the context of Irish banking, but he also notes that the Financial Regulator "was seen to be unwilling to take firm action, even in the face of clear breaches of 'principles'". Why did he note this?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: It was not a question of a lack of power, then.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: From the investigative work Mr. Nyberg did, were there any discussions at the board of the Central Bank on the possibility of directing the activities of the Financial Regulator to address the concerns that were then occurring about financial stability?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: Mr. Nyberg talks about silos, but he also notes in his report the common membership between both boards, the Central Bank and the Financial Regulator. I think there were seven common members.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: Mr. Nyberg said that in assessing the performance of the Central Bank and the regulator, it is "important to bear in mind that the membership of both boards overlapped to a significant extent".

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: Mr. Nyberg wrote his report in a way that tiered the banks, including Anglo Irish Bank, Irish Nationwide Building Society and the others. That is how they are treated.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: Could anything be implied from the way the work was done in terms of levels of responsibility or degrees of culpability?

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: So somebody is not less culpable because they were following or herding.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: The witness did not get to read all of his opening statement but he spoke about areas that in his view might be useful for further evaluation of the causes of the crisis in Ireland. He mentioned other banks not needing Irish public support; these are foreign-owned banks that received overseas government support via their parent banks. How important is that, as the witness in his report has...

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: It was a comparative purpose.

Committee of Inquiry into the Banking Crisis: Context Phase (17 Dec 2014)

Eoghan Murphy: The witness did not get to read out the part of his statement regarding regulation. He indicated that it appears the problem may be a widespread tendency to repeatedly gradually weaken implementation of existing regulations, including, for example, Ireland's historic sector concentration lending guidelines. Is that a specific point to Ireland with regard to our problems or has Mr. Nyberg...

Fourth Report of the Constitutional Convention on the Dáil Electoral System: Statements (18 Dec 2014)

Eoghan Murphy: While I welcome the debate, I question its timing. The Constitutional Convention gave the issue two weekends; we are giving it 90 minutes at the very end of the term and as a result, nobody is here. This treats the convention's work unfairly because it put so much time into it and it is a serious issue. If we are serious about changing our political structures and systems and reforming the...

Written Answers — Department of Transport, Tourism and Sport: Regional Road Network (18 Dec 2014)

Eoghan Murphy: 595. To ask the Minister for Transport, Tourism and Sport if he will make funds available for road resurfacing on Strand Road in Sandymount, Dublin 4, in view of the fact the current road cannot facilitate the volume of traffic and large trucks which use it; and his views on placing a speed tracking sign on the road. [49105/14]

Committee of Inquiry into the Banking Crisis: Context Phase (18 Dec 2014)

Eoghan Murphy: Mr. Wright stated earlier that when he first met senior officials within the Department of Finance, they indicated their frustrations with regard how it was being run.