Results 11,701-11,720 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: But you are satisfied that the banks co-operated with you appropriately in that period of moving their loans across?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Mr. McDonagh you said earlier on that it's a technical point as to whether or not you would include the activities of an Irish bank overseas in the State guarantee that was offered. It is a technical point, but is it not very significant as well because is it not fundamental to the question "what are we guaranteeing"?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Before they consulted you, had they decided to extend that guarantee to the overseas liabilities?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: So we could say it wasn't final, as to what was included before you were consulted.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: That it was universal but there was confusion as to what universality meant?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: And then you were brought into the Taoiseach's office to explain your particular advice, which was that you hadn't to include them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: And so you were brought into the Taoiseach's office to the Taoiseach to explain this to him?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Is it not fair to conclude then that it hadn't actually been decided at that point that it was absolutely necessary to include the foreign subsidiaries of the banks in the guarantee?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: I beg ... well, sorry, Chair, I think it's an important point as to the advice you were giving.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: I'm only asking as to the advice that he gave and what that meant.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Okay, and then just to confirm, because I asked you a moment ago, about the universality of the guarantee wasn't fully understood then until you had given that advice. It was going to be a universal guarantee but you would clarify on this point?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: I'll go back to the record then.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: That's a fair point. My apologies. It's a fundamental question; it's not just a technical point, in my view.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Thank you, Chair. Mr. Daly, in your opening statement, you talked about the first bond repayment due in 2013 of €7.5 billion.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: And you mentioned the pressure from the troika or supervision from the troika on that first repayment.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: Was there pressure on you to dispose of particular types of assets in a particular geographic location to meet that target?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: To decide where and when different assets would go?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: As long as that bond target was met at that stage. In relation to the institutions, the participating institutions who are coming before us now in the next few weeks, documentation for what exposure they had, what lenders with them had to other institutions ... just to clarify, was that documentation not there or was it not fully complete? I mean it wasn't until you brought the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: But if an individual goes to a bank for a loan, do they not have to disclose what other debts that they have? Would there not be documentation to that effect?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)
Eoghan Murphy: So the documentation wasn't there to show that the banks had gotten that information from the people they were lending to?