Results 3,841-3,860 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Okay. So, in terms of Merrill Lynch's work, the NTMA wasn't working with Merrill Lynch on that options-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: And the final question in this area: when you were notified that the guarantee was taking place, I think you said it was about 1 o'clock in the morning. Was the Minister for Finance present?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Wasn't present when you were told or wasn't present in Government buildings, as far as you were aware?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: You didn't see him again that evening?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: No, okay. Thank you. Just now to look back at NAMA then since the beginning of its operation. One of the questions and one of the things that we've heard through previous testimony is about a possible delay in establishing NAMA. Was there a delay, from when it was first signalled to the first tranche being completed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Whether it's a delay or not. let's just say that time lag between certainly the intention to set up NAMA and the first tranche being passed, did that favour people who owed the banks money?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: You didn't allow people to make certain arrangements with their affairs?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: I'm not asking about it being feasible. I mean, it probably wasn't feasible. I'm just wondering about what it might have allowed debtors to do with some of their affairs, which have then had to have been pursued by the agency but did it allow the banks, I mean ... or not did it allow the banks? ... Were you aware of the banks treating debtors any differently in that period? When we look at...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Sorry, unwilling participants?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Can you expand on what that means in practice?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: That they didn't move to-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: -----capture that income? And does that signify a lack of co-operation, or what does that mean to you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: On the side of the banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: But you are satisfied that the banks co-operated with you appropriately in that period of moving their loans across?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Mr. McDonagh you said earlier on that it's a technical point as to whether or not you would include the activities of an Irish bank overseas in the State guarantee that was offered. It is a technical point, but is it not very significant as well because is it not fundamental to the question "what are we guaranteeing"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Before they consulted you, had they decided to extend that guarantee to the overseas liabilities?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: So we could say it wasn't final, as to what was included before you were consulted.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: That it was universal but there was confusion as to what universality meant?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: And then you were brought into the Taoiseach's office to explain your particular advice, which was that you hadn't to include them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: And so you were brought into the Taoiseach's office to the Taoiseach to explain this to him?