Results 3,861-3,880 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Is it not fair to conclude then that it hadn't actually been decided at that point that it was absolutely necessary to include the foreign subsidiaries of the banks in the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: I beg ... well, sorry, Chair, I think it's an important point as to the advice you were giving.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: I'm only asking as to the advice that he gave and what that meant.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Okay, and then just to confirm, because I asked you a moment ago, about the universality of the guarantee wasn't fully understood then until you had given that advice. It was going to be a universal guarantee but you would clarify on this point?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: I'll go back to the record then.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: That's a fair point. My apologies. It's a fundamental question; it's not just a technical point, in my view.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Thank you, Chair. Mr. Daly, in your opening statement, you talked about the first bond repayment due in 2013 of €7.5 billion.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: And you mentioned the pressure from the troika or supervision from the troika on that first repayment.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Was there pressure on you to dispose of particular types of assets in a particular geographic location to meet that target?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: To decide where and when different assets would go?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: As long as that bond target was met at that stage. In relation to the institutions, the participating institutions who are coming before us now in the next few weeks, documentation for what exposure they had, what lenders with them had to other institutions ... just to clarify, was that documentation not there or was it not fully complete? I mean it wasn't until you brought the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: But if an individual goes to a bank for a loan, do they not have to disclose what other debts that they have? Would there not be documentation to that effect?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: So the documentation wasn't there to show that the banks had gotten that information from the people they were lending to?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Okay, so when we talk about the different institutions coming before us, there is different ways we can rank them. If we look at the metrics you have given us, you know you could rank them in terms of the par debt transferred, the percentage discount, the percentage of non-performing loans. Do you ... has NAMA ranked the banks in those particular ways in terms of the quality of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: And then, in terms of the banks, the feasibility analyses, you said they didn't exist or they were incomplete or they were flawed as to what they were estimating. Did you rank the banks in that way in terms of their practices?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Just then, in terms of new debt being issued on the back of old debt, did you ... have you looked at the banks of who was doing more than the other or who was more, say, delinquent in that regard or was, ultimately, more exposed, I am just trying to ... apart from the naked figures that we have which tell us different things depending on what you're looking at whether it's roll-up of interest...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Yes, it is page 8.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: NAMA would pay the participating institutions?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Oh, sorry. We are-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: It's the dilemma of your job. You can't do the-----