Results 5,261-5,280 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: Off the table, period.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: Are you aware that it wasn't referred to in a memorandum of understanding in terms of the agreement, that it was either explicitly allowed or not allowed? Was that discussed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: No, in the Government meeting where you were informed that the bail-in wouldn't be happening and it was the end of the negotiations
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: The memorandum of understanding was there for agreement but it didn't refer to bailing in or burden-sharing. It talked about subordinated debt but not senior debt. So was there any discussion about whether that was a possibility given that it wasn't actually in the memorandum that it wasn't explicitly allowed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: Off the table, period. So was there a point then subsequently that you were told it was back on the table?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: One side of the troika or the troika? I mean, are we talking about the IMF when we talk about-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: -----the dropping of the guard?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: And then, following this, the NTMA put the burden-sharing back on the table by engaging a consultant to do up the report that we spoke about earlier, is that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: And so then your fears over debt sustainability were abated then ... because if they weren't abated through burden-sharing, was it through the interest rate reduction? Is that how you then came to the view that this didn't need to be pursued any further?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: Okay. Thank you. I just want to go back to the recapitalisation, if I may, for a moment. And in your opening statement, you go through the different recapitalisations but you talk about, in 2009, this ... a further €1 billion in share capital in Anglo and that, "These investments were made in cash drawn from the exchequer and the NTMA was not involved in the execution of the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: Okay. Can I just ask then, I mean, was there resistance to the NTMA's advice in Government circles during the period of the crisis? We've heard about, you know, exchanges you told us about earlier on in December when you were talking about the favouring of the nationalisation of Anglo. We heard it from Brendan McDonagh in terms of his exchanges with the Financial Regulator. The NTMA...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: Okay-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: Again, I might give you another example of the NTMA not being listened-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: Why? Why was that allowed to develop?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: At what stage were you making these complaints about not being involved?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: Okay. Were you aware of the domestic standing group's existence before you were asked to join it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: Vaguely.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: And do you think it was a mistake that you weren't involved in the process regarding the crisis sooner ... earlier?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
Eoghan Murphy: Okay. Thank you.