Results 4,741-4,760 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Did you raise this with Bank of Ireland in the round table in 2004?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Were you aware-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Okay. But were you aware that at the same time as you were warning about these risks, banks were making moves in relation to commercial property lending that were going in the opposite direction of what you were warning against?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Thank you, Chairman, and thank you, Mr. Patterson. I just wanted to clarify a couple of things briefly from your opening statement and from the testimony we've already heard today. Just on page 3 of your opening statement, when you talk about the Central Bank's mandate, part of it being to develop the financial services sector. And you say, ''While the Regulator legally had no similar...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Was this discussed within the Financial Regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Assumed, okay. So no conversations with the CEO about whether or not he should be spending time attending certain meetings or presentations.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Okay, thank you. Just further down on that page and responding to what Deputy McGrath raised with you in relation to your powers ... so that first point there that you have no powers, per se, of approval or disapproval over the banks' products like 100% mortgages. Did you have the power?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Levers through the banks, in terms of?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Was any of this discussed at the time, on the board or with the CEO?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Was any level of attention given to this introduction of this new product, 100% mortgages-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: And despite the concerns, and they've already been referenced earlier in the proceedings over the increase in mortgage lending that was happening in the banks, as expressed in the 2004 financial services report ... stability report, excuse me, you took those assurances?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Okay. And did you ever think to recommend to customers that they should not take on these mortgages?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Okay, but it was never, you know, a move authorised by the board to say go out and say to people, "Do not take these mortgages"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: She didn't meet opposition at the board?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: She didn't meet opposition at the board?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: No, okay. Just moving on then to, to page 4 and it's in page 6 as well of your statement. You make two references to IT systems, and I'm just wondering ... you talk about problems in the IT unit and then later on you reference how these problems impacted upon your ability to conduct on-site inspections of the banks. Are we talking about a simple IT problem, or are you implying something...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: Okay ... but the inadequacy then impacted upon the regulator's ability to conduct on-site inspections?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (11 Jun 2015)
Eoghan Murphy: And so what was the result of that then in terms of getting in more adequate systems or fixing the problems that you were encountering?