Results 9,721-9,740 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: So what controls were put in place?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Okay. Well, I note that the errors continue after this ... from the Financial Regulator in '06.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: But they didn't-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: You didn't see them as a systemic weaknesses in the society?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: You didn't see them as systemic weaknesses in the society?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Thank you. Can I just ask then about the final returns or the sectoral returns, which, in each of the years from '04 to '07, you were exceeding the sectoral limits - the 200% of own funds and the 250% of own funds. So, what was the regulator's response to this when that was raised with you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Lumpy?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Between '04 and '07, he never came back to you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: And the board was satisfied that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Just sorry, to clarify, the board was satisfied that you were in breach of the limits in those years.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Just to clarify finally, you don't agree with the Honohan report either. Is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Sorry-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: That's what I heard-----
- 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: 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. Walsh. You're very welcome. Did you see Brendan McDonagh's evidence to the committee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Because he said that his view on the night of the guarantee was that the society was insolvent - "a broken institution" he called it. So what did you make of that or, if this is the first time you are hearing it, what do you make of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Okay, just to clarify that, essentially you think that the interaction that you had with the NTMA at the time contradicts the evidence then that Mr. McDonagh gave us in terms of his view at the time.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: Okay, thank you. If I could then move on to the Project Harmony report. From 2003 to 2006 the society's loan book trebles-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)
Eoghan Murphy: The loan book trebles from €3.4 billion to €10.7 billion, driven mainly by commercial lending, as you know.