Results 4,561-4,580 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: According to the Honohan report, which is sourcing Financial Regulator files, which it can't cite for legal reasons, it says, "Despite this catalogue of banking deficiencies [uncovered in the inspection], the full implications of the obvious lesson[s] - that loan appraisal[s] had been wholly inadequate and personal guarantees could not to be relied upon - does not appear to have been taken on...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: So it would appear from that statement that the people working for you did nothing about that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: Do-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: Do you take responsibility for the fact that the people working for you failed to realise the significance of what they found and failed to report it to you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: Thank you. In March 2008, yourself and Governor Hurley approached the banks in what was known as a "green jersey" agenda. Do you remember this?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: You went to financial institutions to ask them to provide each other with funding support in order to maintain the financial stability of the system. Is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: So the approach had nothing to do with the fact that five months previously, one of the pillar banks had cut off funding to one of the other banks in the Irish system?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: Okay. Did the board of the authority know that you were doing it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: Know that he was making this approach with Governor Hurley.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: That yourself and Governor Hurley were going to the banks making these requests.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: And did the Deportment of Finance know that yourself and the Central Bank were doing this?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: Okay. And do you feel that this would have been an appropriate time in which to make an intervention in the Irish banking system?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: You wanted to avoid the risk of having to use public money? So the risk was there?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: Did the approach fail?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: Did this approach fail?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: You said that you left in December '08, but my understanding is that you left on 9 January 2009 and you stayed in office, in the building until the end of the month.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)
Eoghan Murphy: Can you comment then on what occurred between 8 January 2009, when the Irish Government formally notified the ECB that they would be recapitalising Anglo Irish Bank, to then 15 January 2009, when they made the announcement that they would be nationalising Anglo instead? What, what led to the change of decision and what discussion did you have in this regard?