Results 4,061-4,080 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: The bank was traditionally viewed as a conservative bank, as Mr. Goggin stated himself. Would you have agreed that the bank was a more conservative bank than other lenders in the Irish market at the time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Did the culture of the bank change during your time there?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Did you ever feel that the bank was under pressure to change its model or its business, given the apparently rapid success of banks like Anglo Irish Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: I'll come to that then because in July 2001, that was before you were in the bank, the group risk committee set up a trial initiative for specialised property financing unit within business banking and the purpose was to provide higher risk higher return property transactions. Now in January 2003 when you were there - and sorry the reference for this is BOI - B1, page 55 - in 2003, in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: I beg your pardon.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: This happened in November 2004, the dedicated property unit. Is that your recollection?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: We have a minute on this and it's in BOI - B2, page 23, and it is from a meeting from the 9 November 2004 and it talks about this establishment of a dedicated property unit. The rationale it gives in that minute is that, "In the past five years we have under performed in this top end market, which has been dominated by Banks with specialist property units, most notably Anglo Irish Bank". So...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: And this was your initiative this new unit?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: And did you continue to have a role once you moved into head of retail?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: But in terms of the dedicated property unit were you still involved?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Did you personally manage relationships then with clients who had exposures over €30 million?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: You didn't manage any relationships with any developers?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: So you would have managed relationships with -----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Would you ever have helped large customers in other transactions, ones that were perhaps not with your bank or outside of banking?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Okay. For example, would you have ever written in support of a planning application for a large customer?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: No. Do you think that's appropriate?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: You don't think it's appropriate?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Okay. On your appointment as group CEO in 2009, a significant shareholder of the bank said that you must have been responsible for fatal errors of judgment, including advancing loans to developers on the strength of over stated land values and insufficient security. Were you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: On the point that was made at the time in 2009, do you accept that there was an impression that you were too close to certain clients in the bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
Eoghan Murphy: Okay.