Results 11,561-11,580 of 15,555 for speaker:Eoghan Murphy
- 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: Did you threaten to withdraw European assistance to the Irish national sovereign if we decided to-----
- 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.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: Thank you, Chairman. Thank you to both the witnesses. Mr. Buckley, if I may I wanted to talk to you about the new accounting standard, IAS 39, that was introduced in January 2005. Mr. Forde told us that he had a view at the time that this new accounting standard wasn't an appropriate formula. Did you hold that view?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: Was this discussed with management in the bank and with the board at the time in AIB?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: And did you discuss this then with other banks as well? I mean, was this discussion happening in the banking system as far as you were aware?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: If you could, yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: Thank you. We have had evidence in relation to cross-cyclical provisioning. I'm sorry, I wasn't sure what you wanted to discuss. Were you aware that the Spanish banks at the time were not implementing this new accounting standard?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: So you communicated this to the Financial Regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: And, sorry, the nature of that communication ... would it have been a formal communiqué from the bank? Would it have been in a meeting-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: And, Mr. Sheehy, in your period then?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: Sorry, just to clarify, Mr. Sheehy. Did AIB go to the regulator or not?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: No, AIB did not go to the regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: Mr. Buckley, do you recall expressing these concerns to the regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: But given maybe the level of concern that you expressed just previously. Banking institutions were talking about this, you were talking about it, the bank ... why wouldn't you express it formally to the regulator if it was a nonsensical standard?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: You knew that the regulator knew that this was an accounting standard that the banks had a problem with?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: Okay, thank you. I will move on then please, Mr. Sheehy, in relation to NAMA's evidence to us last week. They gave us evidence on the extent to which banks were tending to collect income that was going to the debtors and not to the bank once the crisis began - about rental income from office blocks, from shopping centres - and this was in the millions. They gave us two figures. They said...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: So you can't have a view on it.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: In relation to relationships then, you mentioned earlier that your own relationships with, say, large developers, people taking large loans, that you had none yourself. So those loans would be made by people underneath you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: And how did you keep track of how those relationships were developed, how they began, how they were managed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)
Eoghan Murphy: What does it tell us about the impairment on the loans that were transferred to NAMA ... that the greater impairments were on the lower level of loans, the lower in terms of value?