Results 11,021-11,040 of 15,555 for speaker:Eoghan Murphy

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: You signed the MOU for the DSG, is that correct?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: Well, I mean, I think I've pursued it, Chair, as far as we can if the regulator is saying that you don't recall ... I mean, I think it's amazing that the Central Bank, without trying to pass a judgment, would be thinking that the Financial Regulator might seek to have this included in legislation that was being drafted at that time by the domestic standing group for which you were...

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: And you don't recall this discussion, and you don't recall not looking for the powers, or looking for the powers?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: But would you have been briefed on that meeting?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: Would that be a serious change in powers to be able to direct a bank as to whether or not it could pay out a dividend or cancel bonuses; or dispose of an asset?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: So, why wouldn't you be briefed about it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: You had that power already?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: So why didn't you exercise it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: Why didn't you exercise it in 2008?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: Why didn't you exercise that power in 2008? €1.2 billion was paid out.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: But do you take responsibility, then, for the €1.2 billion paid out in dividends in 2008, which you could have stopped?

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: I beg your pardon, but you were already considering it, because you were going to the banks in March, because you were worried that they wouldn't be funding each other, and when you went to the banks to ask them to put together a private pool because you were worried about the risk of public money having to be used, they said, "Okay", but with a backing from the Central Bank, public money,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: And you did not exercise that power.

Committee of Inquiry into the Banking Crisis: Nexus Phase (28 May 2015)

Eoghan Murphy: Okay. I'm finished then, Chairman. Thank you.

Written Answers — Department of Social Protection: Rent Supplement Scheme Administration (27 May 2015)

Eoghan Murphy: 48. To ask the Minister for Social Protection if Government policy should better link her Department with the Private Residential Tenancies Board, allowing money to be paid directly from her Department to the landlord. [20947/15]

Written Answers — Department of Justice and Equality: Immigration Policy (27 May 2015)

Eoghan Murphy: 102. To ask the Minister for Justice and Equality in relation to au pairs, if host families are at liberty to enter into a cultural exchange programme with non-European Union students. [20949/15]

Written Answers — Department of Health: Ambulance Service Provision (27 May 2015)

Eoghan Murphy: 150. To ask the Minister for Health if his Department co-ordinates with the fire service to ensure that all ambulances are being used efficiently (details supplied). [20948/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Eoghan Murphy: Thank you, Chairman, and thank you, Mr. Grimes. You're very welcome. You mentioned Lehman Brothers earlier on and I was just wondering is it fair to say that the Irish authorities - the Department of Finance, the Central Bank, the Financial Regulator - did not anticipate the fall of Lehman Brothers or a Lehman-style crisis?

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Eoghan Murphy: Okay. But then, in your opening statement, you say that, from early 2008, the domestic standing group was increasingly active in crisis management preparations, especially in discussions on the legislative changes necessary for nationalising a bank and on the circumstances in which a guarantee of all bank liabilities would be appropriate. So, the possibility of a system-wide guarantee was...

Committee of Inquiry into the Banking Crisis: Nexus Phase (27 May 2015)

Eoghan Murphy: Okay. And is it fair to say then that, having those discussions in February 2008, that crisis management is at an advanced stage, or is it just preparation? Are we in discussions, or are we actually actively working to manage a crisis that could be coming?