Results 5,761-5,780 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Thank you, Chair, and thank you, Mr. Drury. Just a few points for clarification, if I may.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: There was a loan review process by risk management in 2004. Do you remember that, or do you remember at least from the documentation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay. And so in April 2004 Pat Whelan, who is the head of group risk, writes a memo, in which he notes that development exposure has increased from the guideline limit of 15% of the total loan book to about 21%, and there's a need to agree a strategy to reduce the exposure. Was any strategy agreed to reduce the exposure, from your recollection?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay. So then following on from that, in terms of why the warning in the memo might have been ignored or not followed up on, can you recall? Because development ... exposure to development only increased after that period, rather than decreased?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Yes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Can you explain why then, why ... given the warning in 2004 ... in fact is ignored, the warning is ignored and the trend goes on, as it has been warned about at that point in time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay. Another thing I wanted to clarify, just going back to the Druids Glen outing, does the document, "Building on Achievement", does that ring a bell?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: In relation to the Druids Glen?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: You don't recall that being a document that Alan Gray brought and was discussed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: For brainstorming?
- 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: But agenda, not a document?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay. And then just to clarify, before you sat down for dinner there wasn't a brainstorming session at that point?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay. And just to remind me again, why exactly did Brian Cowen tell you that he'd spoken to Bertie Ahern after Seán FitzPatrick had spoken to him?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Sorry, just what-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Yes, just to follow on from the evidence with Senator O'Keeffe, is it not the case that you were aware that Brian Cowen had spoken to Bertie Ahern after the March 2008-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Why?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Sorry-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Brian Cowen-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Brian Cowen had been away.