Results 4,661-4,680 of 15,555 for speaker:Eoghan Murphy

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: Was it made at the board?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: Below the board. A level above yours.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: Okay. Someone you reported to?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: Someone you reported to?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: Okay. Why was that decision made?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: Did you challenge it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: So did you challenge its exclusion?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: But could a soft-landing scenario still have been put forward in the 2007 stability report if the research had been included?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: The people who did that research in 2007, a report and still concluded in favour of a soft landing over a hard landing.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: On the language, because it was very important in the scheme of things because it had an impact on the public in terms of their awareness to the actual challenges the economy were facing. Soft landing was reassuring.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: Are you agreeing with then the overall tone and assessment of the 2007 financial stability report?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: I'm confused because you seem to be saying that it was probably necessary to present such a hopeful overall assessment in public since the Central Bank can hardly conclude that the banks were about to collapse. So are you agreeing with that report and how those decisions were reached?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: Okay. So the Central Bank then did the job it was meant to do.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: The Central Bank did the job it was meant to do with those financial stability reports?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: The Central Bank did the job that it was meant to do.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: And so it would be your view that, excuse me, that nobody was reading between the lines?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: I wanted to come back to something you said in relation to the board to try to get a better understanding of what was happening there. You mentioned in your opening statement political and property interests on the bank's board making it difficult to get certain views through, but earlier you also said that contrarian views didn't drift up to the board. So, which is it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: It didn't get to the board.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

Eoghan Murphy: So what do you mean when you talk about political and property interests on the bank's board making it difficult to get certain views through? Is someone mindful of who's on the board so they are keeping things from getting through?