Results 11,081-11,100 of 15,555 for speaker:Eoghan Murphy

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

Eoghan Murphy: With ... with banking supervision, and you were involved with stress tests. I know you weren't, but the role was. You had the power to set the parameters for stress tests with the banks, to get them to conduct a stress test and to set the scenarios by which they'd do that.

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

Eoghan Murphy: And then, as head of banking supervision, were you involved in the domestic standing group at all?

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

Eoghan Murphy: And did you take part in the crisis simulation exercise in late 2007, which dealt with the collapse of a bank?

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

Eoghan Murphy: Okay. Were you involved in preparing or reviewing the scoping paper that was prepared by the Department of Finance in late 2007 that dealt with possible nationalisation, liquidation, or guaranteeing of a bank?

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

Eoghan Murphy: Thank you.

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

Eoghan Murphy: It's just he's said me two minutes.

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

Eoghan Murphy: Okay, and then, were you consulted on Mr. Hurley's approach to the banks in March 2008, where he asked the banks to continue lending to each other?

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

Eoghan Murphy: You weren't, okay. I'm just curious, as head of banking supervision, that you weren't involved in the domestic standing group as an active member, or regular member. You weren't in the room for the crisis simulation exercise, you didn't have a direct role in the scoping paper prepare, looking at the nationalisation or liquidisation ... or liquidation, excuse me, or guaranteeing of a banks,...

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

Eoghan Murphy: And can I just clarify how many positions were above you, between yourself and, say, Mr. Grimes, the deputy governor?

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

Eoghan Murphy: Okay, thank you.

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

Eoghan Murphy: Thank you, Chairman. Thank you, Mr. Horan, you're very welcome. I just want to move forward to 2007, if I may. You were a member of the domestic standing group?

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

Eoghan Murphy: Okay. Were there any deficiencies in the DSG's operating model?

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

Eoghan Murphy: Why was the NTMA brought in in 2008?

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

Eoghan Murphy: It was late 2008, sorry, when they came in it was-----

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

Eoghan Murphy: Is that what you were saying, it was late 2008-----

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

Eoghan Murphy: Would their absence up until that point be seen as a deficiency, do you think, in terms of the membership?

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

Eoghan Murphy: And was there any agency missing from the DSG?

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

Eoghan Murphy: You said that the level of contacts, interaction between both yourself and the Central Bank with the Department of Finance increased as a result of the establishment of the DSG. So did it increase to what would be seen as a normal level of activity or a heightened level of activity?

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

Eoghan Murphy: But prior to the establishment of the DSG, in your opinion, would have the interaction between Financial Regulator and the Department of Finance been sufficient?

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

Eoghan Murphy: Okay. The simulation exercise that was conducted at the end of December, or, sorry, at the end of 2007 in December ... were you involved in that simulation exercise?