Results 9,541-9,560 of 15,555 for speaker:Eoghan Murphy

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: What kind ... what areas?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: And what was your view of 100% lending?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: What was your view of 100% lending within the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Could you intervene in a process, in a lending process, to make sure that a developer, a borrower, would get 100% financing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: So you're familiar with the Applewood development in Swords?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Were you involved in securing that loan?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Just ... sorry-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay. And just in terms of the finance for that project or finance for projects at the time, in terms of 100% lending being done by the banks in terms of providing all of the money that was needed to secure the site, was that a practice in the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: A one-off situation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay. And you were involved with that.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay. So how can such a situation arise in the bank with such strict lending policies as you outlined in your written statement?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: I'm not sure about the start of the project.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: And that decision was made by the board of the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: By the credit committee, not by the board?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

Eoghan Murphy: Okay.