Results 5,801-5,820 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: They apologised for the offending document, not for the action?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Okay. I want to move on, if I may then, to a document you supplied in your opening statement - the first document you supplied - which is bullet points for, I think it's John Moran's meeting with the board in May 2011 and I don't know if we can get that up on the screen, Chair. Thanks. A number of bullets points there but the second, kind of, section of the document is, "D. Fin/NTMA,...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: And you mentioned that in your opening statement as well and I wanted to come to it. I mean, could you elaborate on that, please?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: I don't understand "too aggressive" though. I mean, what does that mean?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: Why would the Department or anyone else want to go more softly then on ... in terms of this exercise? What would be the benefit?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)
Eoghan Murphy: And staying with you, Mr. Dukes, but looking at the statement from Mr. Aynsley, if I may, we've had the Wright report into the Department of Finance in 2010 which came through with a series of recommendations. They were all reviewed for the public accounts committee and gone through with the Secretary General at the time and we've had the other various reports talking about failings in the...
- 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: Thank you. Thank you, Chair.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Thank you, Chairman, and thank you, Mr. Fingleton. You are very welcome. I just want to go back to something that the Chair raised with you earlier on in relation to the NTMA and why they didn't place deposits with your society. And your answer was?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: But when Mr. McDonagh was asked that when he was before the committee, he never mentioned the ratings agencies.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Well, I'll tell you what his reason was, as the NTMA.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Yes. From page 93 of the transcript he said, "We won't place any deposit with INBS. ... They'll look for credit lines from us and we wouldn't give it to them. ... we just couldn't understand the business model"-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: -----"we just couldn't understand the business model". This is Mr. McDonagh.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: "We took the view that really it's more trouble than it's worth to place €6 million on deposit with this institution when it really was a very opaque structure." So what do you say to that from the NTMA as to why they wouldn't place deposits?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: It's an opinion.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: And you say that they wouldn't do it because the ratings agencies didn't give you AAA.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Where does that interpretation come from?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: NTMA.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: And what was the context of that conversation? You were pursuing a credit line probably.