Results 9,941-9,960 of 15,555 for speaker:Eoghan Murphy

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: And you supported the move, then-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: -----with Haven? I mean, it was-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: I wanted to ask you about that actually ... with Britannia Building Society.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: That failed. Why did that fail?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: So why did EBS continue with it then? Why not take the warning signal from the failure and pull out-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: -----instead of going ahead 100% on the-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: Yes, I mean, there was a potential sale at one point, €5 billion, but that-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: Thank you. But that didn't go ahead; why not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: Thank you, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: Thank you, Chairman. And, Mr. Merriman, just to clarify, from the board minute meetings in March 2007, the regulator expressed concern that you were responsible for both the commercial business and the risk function. Why did ... why did the regulator express that concern and what was the reaction from the board then?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: That was 2005 at that point? Or it was-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: Late 2005.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: Can I just ask-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: -----what changed then in 2007? Why did the Financial Regulator change his opinion?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: Thank you, Chairman. Thank you to both the witnesses. You're very welcome. Mr. Gormley, I just want to, if I may, at the outset, just verify a quote of yours if I may. It's from a radio interview in December 2010 with Marian Finucane. And you say: "The arrangements have been made the previous Sunday", right? And we've gone into that in quite a bit of detail. And said: "Yes, this was...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: Okay. I mean, it certainly does give that impression. And if we go in later to the interview, Marian Finucane asks again: "Can I just ask you a question? I think the rest of us thought with the two Brians, that the decision was made that night." And you responded, "Well, you couldn't just make a decision on the spur of the moment. You'd have to discuss it for days in advance. Of course...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

Eoghan Murphy: Okay, but is it fair to say that the impression that you gave in that interview in 2010 was that a decision had been made by Cabinet on the Sunday?