Results 5,421-5,440 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay, so why did you say when you left the Dáil that, "I would have loved if somebody somewhere had of told me what was going on in the banks in this country, but nobody ever did", and you just told me that you did know about the increasing liquidity problems facing the banks and you had spoken to the Central Bank Governor about it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: And just-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay and you were never given that detail. And then, just about mistakes that you think were made by your successors in government in the Department in Finance ... if you thought any mistakes were made? Because again, from that same interview in the Sunday Independentin November 2014, when you were asked about the pressure that Jean-Claude Trichet was putting on Brian Lenihan, you said: ...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Thank you, Chair, it's my last question. I think you said earlier that you take no responsibility for what the Central Bank, what was happening in the Financial Regulator, is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Thank you, Mr. Ahern. I'd like to stay within that area of regulation, if I may. We've heard from Mr. Patterson, who was the chairperson of the Financial Regulator, that in the 1990s, the sectoral concentration limits in the banks were relaxed to attract one large foreign bank into the country and as a result the implication was they were relaxed for all the banks already working here. Do...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay. Just to come back to something I raised earlier, in the Financial Times, it wasn't an interview that you gave in October 2009. You were giving interviews, I think, on the radio here and the Financial Timesreported that you said that the decision to create a new Financial Regulator was one of the main reasons for the collapse of the Irish banking sector. Did you say this?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Do you take responsibility for the structure of regulation that you brought in?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay. And why did the 2003 Act require the Financial Regulator to also market and promote the IFSC abroad?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Just finally, then, you would meet with the Financial Regulator to discuss the promotion of the IFSC?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: But you never at any point discussed prudential regulation of the banking system in Ireland?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: At any point?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: It never crossed your mind to approach him yourself, even though he hadn't approached you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay, thank you. Thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Thank you, Chairman, and thank you both, gentlemen. In relation to the board meetings at the CBFSAI, there'd be discussions before you would take the position to, say, agree a financial stability report or a pre-budget letter. Can you tell me were contrarian views ever expressed and also then how was consensus reached in terms of agreeing a report?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: To you both, please.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Would either of you have been aware of contrarian views at senior management in the Central Bank not making it ... their way into the boardroom?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Would either of you have been aware of research being conducted and then not being included in the first draft, say, of a financial stability report?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)
Eoghan Murphy: Okay-----