Results 10,181-10,200 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: So were you were aware of the increasing liquidity problem facing the banks from 2007 on?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: You were aware of that problem?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: And did you do anything about it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Were you aware, then, that the Governor of the Central Bank and the Financial Regulator went to each of the banks in March-April 2008, in what was called "the green jersey" agenda - because one Irish bank couldn't borrow from anyone and another Irish bank couldn't get any money from the other Irish banks - to ask the banks to lend to each other? Were you aware of that initiative?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: You weren't aware of that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay. Thank you. And then just moving then past your time as Taoiseach. You gave an interview in the Sunday Independentin November 2014 talking about what skills were needed in 2008 and 2010 and you said "I knew my way around all of these things", and you were referring to the NTMA, the Department of Finance, the ECB, Jean-Claude Trichet, who you knew personally, "I knew my way around all...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: What difference would that have made?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: That Mr. Cowen couldn't.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Why make that point-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay, so why did you say when you left the Dáil that, "I would have loved if somebody somewhere had of told me what was going on in the banks in this country, but nobody ever did", and you just told me that you did know about the increasing liquidity problems facing the banks and you had spoken to the Central Bank Governor about it?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: And just-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay and you were never given that detail. And then, just about mistakes that you think were made by your successors in government in the Department in Finance ... if you thought any mistakes were made? Because again, from that same interview in the Sunday Independentin November 2014, when you were asked about the pressure that Jean-Claude Trichet was putting on Brian Lenihan, you said: ...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Thank you, Chair, it's my last question. I think you said earlier that you take no responsibility for what the Central Bank, what was happening in the Financial Regulator, is that correct?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Thank you, Mr. Ahern. I'd like to stay within that area of regulation, if I may. We've heard from Mr. Patterson, who was the chairperson of the Financial Regulator, that in the 1990s, the sectoral concentration limits in the banks were relaxed to attract one large foreign bank into the country and as a result the implication was they were relaxed for all the banks already working here. Do...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay. Just to come back to something I raised earlier, in the Financial Times, it wasn't an interview that you gave in October 2009. You were giving interviews, I think, on the radio here and the Financial Timesreported that you said that the decision to create a new Financial Regulator was one of the main reasons for the collapse of the Irish banking sector. Did you say this?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Do you take responsibility for the structure of regulation that you brought in?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Okay. And why did the 2003 Act require the Financial Regulator to also market and promote the IFSC abroad?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)
Eoghan Murphy: Just finally, then, you would meet with the Financial Regulator to discuss the promotion of the IFSC?