Results 6,001-6,020 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: Was Olli Rehn sent off as an emissary on behalf of the Government? Was he asked or tasked with, you know, sussing this out on behalf of the State or was he just picking up, you know, what was the view at Seoul and that's why he communicated that back?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: Just to clarify, sorry.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: So Olli Rehn had a discussion with partners in Seoul on the bespoke plan that Brian Lenihan had come up with and communicated to him in Dublin and they made a decision on it, or not.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: Thank you, Chair, and thank you, Mr. Ahearne, again. I just want to return to where we left off with the national recovery plan just to finish up a couple of questions on it. Could you just outline the relationship between that plan and the bailout that we entered into - in terms of it being a blueprint for it - when you were made aware that this was actually going to become a blueprint for...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: But was that a presentational issue or was this actually our plan and to what extent then was that plan amended when we entered the bailout negotiations?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: Can you just finally comment on your role in evaluating the amount of money that was going to be needed as part of the bailout and the different breakdowns and what you were advising versus what was ultimately secured?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: Okay, thank you and just finally if I may then, Chair, just in relation to your time in the Department working for Minister Lenihan and the actions that he took over that period, is there anything that's been left out from the public record or you think misinterpreted or misrepresented from your time working with the Minister in terms of the actions that he took and why he took them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: Thank you, Chairman. Thank you, Mr. Gray, and you're very welcome. Mr. Gray, I'd like to focus on your time as a member of the board of the Central Bank, if I may. You resigned from the board when exactly?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: So you continued on past the guarantee and into ... easily into ’09.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: I just wanted to clarify that because it wasn’t clear. You provided in your written statement your views on stress testing.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: I wanted to know if you wanted to add to those because you do talk about one of the reasons why our own stress testing here in Ireland didn’t identify the problems. Without repeating yourself, is there anything you want to add to what you submitted in your written documentation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: Mr. Gray, can I just interrupt you for a second?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: Because I want to ask what that implies. Does that imply that when you came onto the board you felt that the stress testing being undertaken wasn’t good enough?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: So, those were additional factors that you wanted to be undertaken.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: One of my colleagues might be able to come back to that. There were a couple of other things around that I wanted to ask. The other question was in relation to you or your company ever being employed or contracted to do additional work for any of the individual banks on their own stress testing or any measures like that.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: Okay. So you had no independent knowledge of the banking system separately from your position on the Central Bank board.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: If I could move on to the meeting of 25 September 2008-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)
Eoghan Murphy: -----and a note you provided in to Kevin Cardiff. It’s page 34, Vol. 1. One of the initial points you put down is the danger of a system-wide response being seen to be too weak, “Any system wide initiative ... must be seen as sufficient so ... there is not ongoing initiatives launched.” Is that in effect you saying that anything that is done needs to do the job and do...