Results 3,441-3,460 of 15,555 for speaker:Eoghan Murphy

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

Eoghan Murphy: Professor Kane spoke of a banking holiday. Will he elaborate on that comment?

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

Eoghan Murphy: Shutting a bank for a few days would mean there would be no access to its funds.

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

Eoghan Murphy: If the crisis is systemic, no one would have access to funds in any of the banks.

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

Eoghan Murphy: On that point, Professor Kane spoke of tracking better earlier in the context of regulation. In his opening statement, he used the analogy of having helicopter tracking on the road system. Clearly, our regulatory system is not sophisticated enough. Is that what Professor Kane is saying?

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

Eoghan Murphy: In Professor Kane's view, it is not only a question of infrastructure but a cultural problem and problem of behavioural norms.

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

Eoghan Murphy: In his opening statement, Professor Kane spoke of coming to a better understanding of "how thoroughly behavioural norms that foster deception and abuse of the public trust are embedded in banks' and regulators' organisational cultures." He paints a damning picture of how the banks and regulators view the public.

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

Eoghan Murphy: Commenting on the banking system in Ireland, Professor Kane states, "Here in Ireland, banking appears well on its way to becoming a duopoly with a fearsome ability to pervert and abuse the rules of your financial roads." Will he elaborate on a problem with a small number of banks in a banking system?

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

Eoghan Murphy: The problem we had here in the build-up to the crisis was competition from other banks moving into the market. What we then had were new lending products and riskier lending strategies. Just to be clear, are we talking about the number of banks in a banking system or their size?

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

Eoghan Murphy: Is that political power derived from their size or something else?

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

Eoghan Murphy: There may be an unhealthy closeness between those banks and people in regulatory or political positions who could have some influence should a crisis develop. Professor Edward Kane:Yes.

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

Eoghan Murphy: Is that Professor Kane's experience from the United States?

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

Eoghan Murphy: We had a commission of investigation led by Dr. Peter Nyberg. One of the recommendations in Dr. Nyberg's report related to the idea of too-big-to-fail banks. It suggested that measures limiting a bank's size and growth could be implemented. He gave the example of setting a limit on the absolute size of a bank's balance sheet. What is Professor Kane's opinion of that proposal?

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

Eoghan Murphy: I want to come back to that point which links to the discussion earlier which is that link between politics and banking and how the closeness in that relationship influences the willingness of a government of the day to intervene in a bailout. How do we guard against that? In this country, we have banned corporate donations to which Professor Kane referred in his opening statement. How...

Written Answers — Department of Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership (29 Jan 2015)

Eoghan Murphy: 69. To ask the Minister for Jobs, Enterprise and Innovation his position on the proposed Transatlantic Trade and Investment Partnership. [4085/15]

Written Answers — Department of Health: Mental Health Services Provision (29 Jan 2015)

Eoghan Murphy: 131. To ask the Minister for Health his plans to improve services for those with mental health difficulties in view of ongoing problems (details supplied). [4100/15]

Topical Issue Debate: Tax Exemptions (5 Feb 2015)

Eoghan Murphy: I thank the Minister of State, Deputy Simon Harris, for being available to take this topic. The proposal I am putting forward is related to the new Central Bank decision on mortgage rules. Clarity is welcome, although I am not sure why it took the bank so long to deliberate or why it went through the process at all. However, it is good that we now know what its proposals are. Of...

Topical Issue Debate: Tax Exemptions (5 Feb 2015)

Eoghan Murphy: Under-occupancy of homes in Dublin must be addressed. We need to find ways to incentivise people who are living in large homes which they no longer need to trade down and free up the house for a family or a number of people to live in. Thus we could use the property we have in Dublin and our urban regions in the most efficient way. While I understand the Minister of State's points...

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: To come back to the recipe Professor Black was outlining to us earlier, the second step is the making of bad or terrible loans. What is the motivation behind the making of those loans?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: They would follow suit.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: The point I am trying to come to concerns making bad loans deliberately, with the knowledge they are bad.