Results 4,041-4,060 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Okay, thank you. And it lasted for about 25 or 30 minutes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: And you were informed by Mr. Goggin that a meeting had been arranged in Government Buildings later that evening on the possibility of a guarantee being provided for all borrowings by Irish institutions, and that's noted in the minute. Did you know Bank of Ireland's position at that time in relation to customers' deposits, interbank borrowings or debt securities issued?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: The minutes indicate that Mr. Goggin was aware that the guarantee might include Bank of Ireland so was anyone asked to pull together the relevant information as to what would be covered under such a guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Okay. The minutes also state that a draft guarantee was prepared by the committee ... according to the note of the meeting it says that. But Mr. Goggin has told us in evidence that this is incorrect, that there was no draft of such a guarantee, or listed institutions that it should cover, prepared for Mr. Goggin for use at a meeting in Government Buildings. Is this correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: And was there any discussion at this meeting at all using a piece of paper or a note or something around which your discussions were based?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Just tell me a bit, if you could, how minutes are drafted. Was someone in the room to take minutes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: And before minutes like these would be circulated, would someone sign off on them? Would someone check them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Also in the minutes from that meeting it says that you stated that the group should make the point, wherever possible, that it did not request the guarantee and did not require it. Can you just elaborate on that point? What do you mean? And make the point to whom? And was this point about fact or about presentation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Just to clarify that, Mr. Boucher ... and if we accept that that minute is from a meeting of the 30th, did the bank need a guarantee on the night of the 29th?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Thank you. Can we just turn to your statement briefly then on pages 8 and 9, if I may? Because in that you recount some details then from later on on that evening when Mr. Goggin goes to Government Buildings. You were asked to remain in Bank of Ireland. Is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: And he phoned you three times. Is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Did you receive any personal calls or direct calls?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Okay. The second phone call, I think, according to your statement advised of a systemic guarantee. Can you recall at what point in the evening this was?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Just my final question at this point-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: My final question then is: was Mr. Goggin aware of the bank's total exposure to this point when you were informed of a systemic guarantee that would cover your bank? Did he know the full position of the bank in that meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Including the subordinated liabilities.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: I will move on if I may, Mr. Boucher?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: I want to go back to 2003 when you joined the bank. You moved into corporate banking. Is that correct?