Results 5,741-5,760 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: You didn't have? No.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay. Just then, one of the final areas I want to look at in this ... this area of questioning is the ... the phone call around St. Patrick's Day in 2008. Is it your understanding that Mr. Cowen did or did not speak to Mr. FitzPatrick following your intervention?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: He did.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay. And did you speak to either of the participants in the phone call-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Yes, afterwards ... after they had had that chat. Did Seán FitzPatrick call you back to say "Thanks for arranging that. By the way he said X."
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: So the end result of the phone conversation between the two that you set up was a meeting with the Central Bank. As far as you're aware, that was ...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay. And that meeting took place when? Sorry, just to remind me.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: And just before I move on from this area of questioning, do you think that any of the contacts between yourself and Mr. Cowen - any of the contacts that you made or any of the contacts that you facilitated - resulted in any understanding at all in how the interests of the bank might be considered in a way that might have influenced Mr. Cowen's decision making in the run-up to the guarantee or...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay? Thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Thank you. Thank you, Mr. Drury. Let's move on to your interaction with Dr. Nyberg for his report. Because in his report, in paragraph 2.9.6 he says, "The Risk function in Anglo was inadequately resourced and did not have the conviction necessary to ensure compliance with credit policy." But I think in your opening statement you said that the risk function was well resourced so-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Yes. Have you read the Nyberg Report and do you agree with that finding?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Believed.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay. This also from Nyberg then, "Most Anglo Board members did not appear to have sufficient experience or specialist knowledge to fully recognise the specific risks attaching to a fast-growing monoline bank". Do you accept that finding?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Fast-growing monoline bank.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay, well then ... moving into that in a bit more detail then; the monthly risk management reports ... at Anglo, noted on a continuous basis, the bank was in excess of the Financial Regulator's single sector exposure limit, which is 200% of own funds. By July 2008, just when you came off the board, the exposure was at just over 600% of its own funds. Were you ever concerned about this...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: No, I can come back on the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Thank you.