Results 11,541-11,560 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Eoghan Murphy: Pages 27 through 31.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Eoghan Murphy: So this is documentation from the Financial Regulator, December 2007.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Eoghan Murphy: You see the top of page 27. And it's also got a schedule from December 2007 as well, and where it points out specific findings on page 30, for your bank. "However, it appears that no comprehensive review of exposures to a group of connected borrowers is conducted on an annual basis," at point two. And if you go down then as well to M3 at the bottom of page 30, "Inspectors noted that...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Eoghan Murphy: NAMA faced a problem though later on to the tune of €26 million for properties and lenders where the security wasn't as secure as it should have been, and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Eoghan Murphy: Yes. I have the figure here. We paid €26 million in respect of unenforceable security on transferred loans.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Eoghan Murphy: Those loans would have been put in place while you were involved with the bank, as these finance reports ... Financial Regulator reports refer to.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Eoghan Murphy: 2007, they're finding these problems.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
Eoghan Murphy: This €26 million was subsequent to the transfer.
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Eoghan Murphy: Thank you, Mr. Halligan. Mr. Trichet, my questions relate to burden sharing and whether or not the ECB sought to influence the decision of the Irish Government on burden sharing with senior bondholders from 2008 to 2013. Just to give some context to the question, in September 2010 the guarantee expired and some €20 billion of unsecured senior bonds came out of the guarantee. Roughly...
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Eoghan Murphy: Mr. Trichet-----
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Eoghan Murphy: Mr. Trichet, I don't mean to interrupt ... if I could take you back to 2010 though. These were unsecured, unguaranteed senior bonds and there was not consensus with the IMF on whether or not they should be repaid. Is that correct? Did the ECB and the IMF have a different view on whether these bonds should be repaid in 2010 - Q3, Q4?
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Eoghan Murphy: Yes, in '10.
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Eoghan Murphy: In September-----
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Eoghan Murphy: In '10. Prior to the bailout and coming in to the negotiations of the bailout, did the ECB and the IMF have the same view on burden sharing in the course of those negotiations in relation to unsecured, unguaranteed bondholders?
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Eoghan Murphy: An adviser to Brian Lenihan at the time claimed that-----
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Eoghan Murphy: An adviser to the Minister for Finance Brian Lenihan, at the time, Alan Ahearne-----
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Eoghan Murphy: Of Brian Lenihan's, claimed that the IMF agreed that, in principle, the unsecured, unguaranteed bondholders should not be repaid. This is in the course of the negotiations for the Irish bailout.
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Eoghan Murphy: If we can go to '11 then, seeing that's the point in time which you do remember clearly. In March of 2011 the new Irish Government was considering not repaying €6 billion in Anglo Irish bonds. There was three phone calls between the ECB and the Irish Government on 31 March - two between yourself and Minister Noonan and one between yourself and the Taoiseach. And after that the...
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Eoghan Murphy: Conversations that you had with our Minister for Finance at the time ... 31 March 2011, Michael Noonan and with An Taoiseach, Enda Kenny. And you said to the effect that an economic bomb will go off in Dublin -----
- Committee of Inquiry into the Banking Crisis: Institute of International and European Affairs
Governance of the ECB: Past, Present and Future (30 Apr 2015) Eoghan Murphy: And Ireland was receiving assistance from you at the time, but did you threaten to withdraw ECB assistance to Ireland if we did not repay those bonds?