Results 11,521-11,540 of 15,555 for speaker:Eoghan Murphy

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: It's not dated on the document itself but it's from November 2004.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: Were you CEO at the time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: November 2004.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: You were. Okay. So this would have been a decision taken by you as CEO, with the approval of the board or how would that work?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: Okay, so can you remember who looked at Anglo Irish Bank and said, "They have a specialist property unit, we should have one too"?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: Am I right in understanding, though, that you restructured departments in the bank to establish this property unit because of what Anglo was doing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: But you specifically mentioned Anglo Irish Bank in the note here, and them having a specialist property unit. And you're setting up a dedicated property unit, so are you imitating Anglo Irish Bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: So why are they referenced here in the establishment of this property unit, which was a restructuring in the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: You did not follow them but you copied them?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: But they had a property unit, and then you had a property unit -----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: Why did you not mention the other banks then?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: The market opportunity that Anglo was taking advantage of.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: Okay. What does managing relationships mean? What does it include if a dedicated property unit is being established in corporate that will be responsible for managing relationships?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: How did you manage then? Through hospitality?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: And did it include offering new lending on new terms in a proactive manner?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: You were looking for new opportunities. That's why this unit was established. So, in looking for new opportunities, were you presenting new opportunities in these relationships with the key lenders ... the key players, as you refer to them?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: So you would go to someone then with a proposal for a new loan for them.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: Thank you. And, just, why was retail property team ... why were they brought into that new unit?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: Private banking had the experience in doing the property-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)

Eoghan Murphy: No, thank you, Chairman. If I could take you then to BOI - B4, Vol. 1, Mr. Goggin?