Results 10,461-10,480 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Eoghan Murphy: Proactive work done by?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Eoghan Murphy: You said that the authorities should have been more proactive and you questioned as to whether or not they had the powers but-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Eoghan Murphy: Did they not have a clear picture and that's why they made approach?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Eoghan Murphy: Did they not have a clear picture of the liquidity problems and that's why they made the approach?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Eoghan Murphy: In the scoping paper of January, just a few months earlier, it did talk about how a liquidity problem could become a solvency problem and it did talk about how even a suggestion of the need for ELA could bring about that problem.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Eoghan Murphy: But just on the market knowledge point because in January of 2008-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Eoghan Murphy: It's just about the advice given to sell shares in Irish institutions and I think I have the figure here. That was in January from the hedge fund-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Eoghan Murphy: No, it's exactly related ... about knowledge in the market - 34% of Irish banks' share value went in two hours on 28 January because advice was made to sell shares in Irish institutions, so the market knew what was happening.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
Eoghan Murphy: Thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Eoghan Murphy: Thank you, Chairman. Thank you, Mr. McNally, you're very welcome. Earlier today, you spoke about challenging the Minister on different areas of policy or different proposals that were being put forward because you disagreed with them. Is that correct? You would disagree with the idea or policy that was being proposed so you would-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Eoghan Murphy: But would you come down on a certain ... would you favour a certain advice? I mean, for example you talked about the SSIA and you talked about the holiday resort tax reliefs and you not being in favour of them. So would the Department present ... analyse the proposal and come back and say, you know, "We think X and Y but we're in favour of X"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Eoghan Murphy: And, in those two instances, you think it was clear from the memo where the Department's feelings were and they were against those two schemes?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Eoghan Murphy: What-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Eoghan Murphy: Okay, what other proposals that came from the Ministers you served under? Would memos have come back where the emphasis was clearly on the con side?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Eoghan Murphy: Okay, so-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Eoghan Murphy: So what other proposals that came from the Ministers that you worked for did the Department basically disagree with?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Eoghan Murphy: What about decentralisation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Eoghan Murphy: What about tax policies like halving CGT?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)
Eoghan Murphy: And so following something like that where the Department provides advices and they prove to be incorrect - and I suppose in that case it's dramatically incorrect - do you think then that has an effect on the way those advices are then treated or regarded going into future budgets?