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Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Eoghan Murphy: We pursued the wrong investment strategy with the NPRF.

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Eoghan Murphy: From the point of view of this crisis we did.

Committee of Inquiry into the Banking Crisis: Context Phase (21 Jan 2015)

Eoghan Murphy: Was it a mistake to divest the NPRF when we did and invest that in the banks, regardless of where the money went in the banks? Was the timing of the divestment a mistake?

Written Answers — Department of Jobs, Enterprise and Innovation: Departmental Reports (27 Jan 2015)

Eoghan Murphy: 239. To ask the Minister for Jobs, Enterprise and Innovation his plans regarding zero hours contracts; and the timeline for same. [3582/15]

Written Answers — Department of Justice and Equality: Departmental Correspondence (27 Jan 2015)

Eoghan Murphy: 316. To ask the Minister for Justice and Equality if she will make direct contact with persons (details supplied) in Dublin 6; if she will provide details of the investigation of a case. [3800/15]

Written Answers — Department of Health: Mental Health Services Provision (27 Jan 2015)

Eoghan Murphy: 398. To ask the Minister for Health his views on implementing recommendations (details supplied) regarding residential care. [3798/15]

Written Answers — Department of Education and Skills: Schools Building Regulations (27 Jan 2015)

Eoghan Murphy: 463. To ask the Minister for Education and Skills the policy of her Department to new school buildings; and the provision of access for disabled children, particularly where the new building has more than one floor. [3581/15]

Written Answers — Department of Environment, Community and Local Government: Social and Affordable Housing Data (27 Jan 2015)

Eoghan Murphy: 522. To ask the Minister for Environment, Community and Local Government the total number of social housing built in 2009 and each subsequent year, including plans for 2015. [3583/15]

Written Answers — Department of Environment, Community and Local Government: Energy Regulation (27 Jan 2015)

Eoghan Murphy: 523. To ask the Minister for Environment, Community and Local Government his plans regarding regulation of certain home heating (details supplied). [3584/15]

Written Answers — Department of Communications, Energy and Natural Resources: Public Service Obligation Levy (27 Jan 2015)

Eoghan Murphy: 569. To ask the Minister for Communications, Energy and Natural Resources his views that an adjustment to the public service obligation, PSO, levy should be made considering the changing market forces (details supplied). [3799/15]

Written Answers — Department of Health: Maternity Services (28 Jan 2015)

Eoghan Murphy: 100. To ask the Minister for Health further to Parliamentary Question No. 962 of 17 September 2014, and to the correspondence from the Health Service Executive (details supplied), his plans to introduce national policy in on antenatal screening and foetal abnormality testing. [4051/15]

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: I thank Professor Kane for joining us today. Let us consider his opening statement, the paper he provided to us and some of his work. Much of it is directed towards how we incentivise banks to take less risk or how to reduce the public's exposure to the risks they take. In the US is there such a concept as public interest directors on the boards of banks?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Professor Kane is not aware of it existing as a role in any of the banks. Is that the case?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Given his knowledge of banking and how the board structure works in bank, does Professor Kane believe that, as a concept, it is possible to have someone with a dual obligation on the board of a bank? Can such a person have responsibility to the shareholders and also to the public?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Does Professor Kane know whether they had a formal reporting role to the US Government when they were on those boards? How did they-----

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Yes.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Was there any public knowledge of how they discharged their duties as public interest directors?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Was it simply a US Government public relations exercise? How does Professor Kane view the concept being applied or put in place? Is it simply a PR exercise on the part of the US Government?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: I want to look at Professor Kane's work on blanket guarantees. When a government institutes a blanket guarantee I suppose it implies that all the covered institutions that come under it are too big to fail. Hence, the government steps in with the guarantee. At that point, Professor Kane is right in that the institution in question is already too big. When there is a systemic crisis with a...

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: When Professor Kane speaks of giving away too many resources too early, is he referring to taxpayers' money?

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