Results 3,921-3,940 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: 2006 to 2008.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: Well, it began to increase quite quickly then, the criticised loans?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: Yes, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: And then what does that tell you then about the quality of the loans that were being given out then in the period-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: I want to take you back, if I might, just to your opening statement, just to clarify something then, because you said in your opening statement, which I know you didn't get to read out in full, "The first point of failure came with the collapse of economic activity and the manner in which it undermined repayment capacity." Just elaborate on that point for me, please. When did the problems...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: In terms of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: Well, in terms of AIB failing, its failures as an institution, as a bank-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: -----were prior to that, though. AIB's failures weren't just because of a collapse in economic activity in the country?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: That's unclear from that point in your opening statement.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: And then, in relation to the change in management, the change in CEOs while you were MD, would you like to comment? Was there a change in style or a change in direction for the bank between 2005 and 2006?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: Well, then other tactical changes: bank exposures needing group credit committee approval went from €40 million to €75 million, end of 2005, beginning of 2006.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: Was that from a change at CEO level?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: Okay. I want to just come back, just finally, to Mr. Gleeson's evidence earlier today. We were talking about the roll-up of interest in the RoI division and when he was asked about ... the board went looking to find out exactly how much interest had been rolled up and he said there was a bad piece of missing architecture because management weren't able to produce it, they had to go and...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: Did you understand that that gap was there? Did you understand that people underneath you------
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: -----in terms of managing their portfolios weren't monitoring this?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: As it occurred, was it being reported to you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: That's one reason for interest roll-up.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: But there are other reasons, where someone's not able to meet their repayments.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
Eoghan Murphy: Did AIB distinguish-----