Results 9,621-9,640 of 15,555 for speaker:Eoghan Murphy

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay, and did the regulator know that you were making that move in the Middle East?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay, and was it successful?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay. At what point or were you involved at all in any conversations about a guarantee for the bank, either a political one or a legal one? We had in evidence from Kevin Cardiff that Seán FitzPatrick had raised a form of guarantee with John Hurley at the end of April 2008.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: You had no involvement in the discussion?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay. Coming to political contacts around the time of the guarantee, did you make any? Did you have any?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay. What was the purpose of that meeting?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay, and that was the extent of it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: And you said there was a second contact?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay. I'm curious, these are the only two political contacts that you are aware of the bank making in the crisis period in September, is that correct?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay, I beg your pardon. But, I mean, were you wondering why you were having political contacts not with the Government but with the Opposition, for example?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay. I'm limited for time so perhaps some of my colleagues can continue.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Thank you, Chair. Moving back then before the crisis period, in terms of the interaction with the Financial Regulator, there was an inspection of commercial property lending activities at Anglo by the regulator in May 2007, which identified 30 separate issues which required to be addressed. And you would have seen it in the evidence book that's given to you. Were you made aware of that...

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Oh, sorry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Did you see that document when it was produced at the time with the list of 30 separate issues?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay, but we heard earlier in evidence that documents like these were not shown to the board - documentation from the Financial Regulator. Would you have been aware of that when you were in the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay. So when you got this document then in your evidence booklet, the fact that the regulator would have written to the bank in 2007 with 30 different issues related to commercial property lending was absolutely news to you, surprised by the details.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: There was a response and I wanted to ask you actually about the response, but you weren't involved in formulating it.

Committee of Inquiry into the Banking Crisis: Nexus Phase (3 Sep 2015)

Eoghan Murphy: Okay. Just on issue 21, which is there, and it was in relation ... 21. (ii), which is on page 70, it talked about the maximum internal property development exposure target being 20% of the loan book. But at March 2007, that exposure accounted for 25% of the loan book, but the response from the bank was that it had no concern with this, that the borrowers were proven clients with large-scale...