Results 5,241-5,260 of 15,555 for speaker:Eoghan Murphy

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: -----on those two points, as to whether he said the view of the NTMA was that those two banks were insolvent, and that they didn't have confidence in the knowledge in the regulator and the Central Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: And also, if we could, that e-mail that you sent with the 30 or 33 questions, could you supply that to the committee, Mr. McDonagh?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: Thank you. Just to then move on to something that Senator O'Keeffe raised earlier in relation to the deposit guarantee scheme, and just to understand a bit about what that meant. That increase from €20,000 to €200,000 was for every ... every institution in Ireland; was that applied to everyone?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: Did you have to consult with the ECB before that change was made?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: Okay, and just ... if I could clarify something on page 3 of your opening statement. This is about the meeting on 18 September which Mr. Hurley gave evidence on. And this was a meeting about a deposit guarantee, not a blanket guarantee, and you were saying that the "Central Bank and the Financial Regulator did not favour such an approach at that meeting." Did not favour a deposit guarantee-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: So that came up as a suggestion from ... from where, from-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: So, this is my next question: "not in that space yet" ... when you move from €20,000 to €100,000 and people start talking about wholesale as well, have we taken a particular step that is going towards a guarantee of everything?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: Okay. I'll move on from that if I may then. And, if we could look at page 27 of the booklet ... is this e-mail exchange from William Beausang of 26 September. And just a quick question ... just to clarify, the third paragraph in, which is combining the take-on of the banks' balance sheets of Anglo and INBS of €110 billion, and guaranteeing the others of over €420 billion. My...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: This was the NTMA's view of what a blanket guarantee actually would cost.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: Okay, thank you. And, then just further on in that e-mail, in the next paragraph, at the very end of that, "We expect to pay a lot more than Greece due to the scale relative to our GNP as the market will be unforgiving about our problems." And you also mention then, on page 4 of your opening ... opening statement, that you were trying to build up a war chest of liquidity to deal with the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: Yes, I know, but-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: So the cost of borrowing would increase to the point at which we might have to access funds in terms of a programme or the IMF or-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: Well, just to clarify that, Mr. McDonagh ... because in evidence from Mr. Cardiff, he said that he started to ask a few questions around that possibility in a way, so I am wondering about a possible relationship.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: Thanks, Chairman. Just something to clarify for myself though then. I mean, you had a problem raising the €20 billion. There was a problem already on the sovereign borrowing rate. You didn't think that a guarantee was credible for all the banks. So surely, then, in taking on the guarantee, you were putting the sovereign lending position at risk and then the consequences could be-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Eoghan Murphy: Was that one of the consequences you foresaw when you were responding to Mr. Beausang?

Written Answers — Department of Social Protection: Departmental Funding (14 Jul 2015)

Eoghan Murphy: 240. To ask the Minister for Social Protection if she supports the work of a charity (details supplied); and if she will provide State funding to the charity; and if she will make a statement on the matter. [29018/15]

Written Answers — Department of Public Expenditure and Reform: Lansdowne Road Agreement (14 Jul 2015)

Eoghan Murphy: 328. To ask the Minister for Public Expenditure and Reform if he will publish the details of all side-deals to the Lansdowne Road Agreement on Public Sector pay. [28444/15]

Written Answers — Department of Justice and Equality: Refugee Numbers (14 Jul 2015)

Eoghan Murphy: 446. To ask the Minister for Justice and Equality the agreed number of residents in each location (details supplied) for the years 2011 to 2014 and for 2015 to date; and the percentage increase or decrease in peridium fees over these periods. [28445/15]

Written Answers — Department of Health: Drug and Alcohol Task Forces (14 Jul 2015)

Eoghan Murphy: 663. To ask the Minister for Health whether he supports the work of a charity (details supplied); and if he will provide State funding to the charity. [29017/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)

Eoghan Murphy: Thank you, Chairman, and thank you, Mr. Corrigan. You're very welcome. I just wanted to pick up on some earlier questioning in relation to this meeting on 27 November at the end of the bailout negotiations and you're told that a formal bail-in will not be happening. Was it your understanding at the time that that would be pursued or could be pursued at a later date?