Results 4,241-4,260 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: -----or did you make that approach separately?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: Okay. And then you went about setting up the meeting-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: And was that by making a phone call to the Minister, to the Taoiseach, to the Secretary General?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: Okay. You say in your written opening statement that the immediate funding problems of Anglo could have been dealt with at the time with a guarantee from the Government of the €10 billion in financial support that both you and AIB were willing to give. That was your view at the time.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: Okay. At this point in time, then, was the discussion around a possible four-bank guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: We hadn't reached that yet-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: Can I just clarify on that point then, Mr. Burrows, there was never any discussion of a four-bank guarantee, with Anglo and Nationwide being taken down, to use Mr. Gleeson's phrase? That was never considered while you were there on the night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: Okay. Can I take you, if I may, just to one of the evidence documents, it's BOI - C3b, pages 9 to 11, and it is a note from that night of the meeting? At the beginning of that note is a list of attendance, and then there's bullet points, comments attributed to you, Mr. Burrows. I don't know if you have this note in front of you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: You've seen the note. There are ten bulleted points attributed to you, but Mr. Gleeson, when he was before us, said that he believed that only the top two lines were comments that you made, and the other eight were his comments. Can you confirm if that's the case?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: So that bullet point 7 where it says "Reminded action: 2 elements (a) guarantee for surviving (b) troubled patients to be taken out", you think that was Mr. Gleeson?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: It's wasn't you. Okay. But at that point in the conversation, from your recollection, we were still talking about only a guarantee of the €10 billion that AIB and BOI would provide?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: And can you recall any draft document or piece of paper in the possession of Mr. Goggin, with a possible draft of a guarantee, or a list of institutions that a guarantee might cover, in the meeting?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: Do you recall AIB having any such document or piece of paper?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: Okay. And did you know that a guarantee of your institution might be on the cards, prior to your arrival at Government Buildings that night?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: Okay. Did you know that a system-wide guarantee might be on the cards?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: Okay. Well, if we could just go to page 20 of the same document. There was a meeting earlier that day in the bank at which Mr. Goggin informed a small committee, of which Mr. Boucher was a member, about the possibility of a Government guarantee being provided for all borrowings by Irish institutions. So Mr. Goggin, according to these minutes, would appear to have been aware that it was a...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: The minute is incorrect in its entirety, or-----?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: Okay. But the knowledge as to the possibility of a Government guarantee being provided for all borrowings by Irish institutions, that ... was that discussed in that meeting? I know you weren't present, but-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: But Mr. Goggin never said anything to you along those lines?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)
Eoghan Murphy: Okay. Thank you. When you were in Government Buildings that night did you know the bank's borrowings at this point in time, customer deposits, interbank borrowings or debt securities issued, did you have an idea of the exposures?