Results 11,961-11,980 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Yes, I know. That was just a formal title that was given to Dr. Bacon on the basis of conducting for the Minister-----
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Where did the recommendation to house NAMA in the NTMA come from?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Dr. Bacon goes through a couple of reasons in the main report, but it was unusual to house NAMA in the NTMA.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Dr. Bacon gave a couple of specific reasons. What I am curious about is that he subsequently talked about the ethos in NAMA and it being a debt-collection agency.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Was Dr. Bacon surprised at that outcome given that it was housed in the NTMA?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Did it end up as Dr. Bacon intended it to end up?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Dr. Bacon talked about this focus on debt collection and he said it was difficult to know why it was being implemented in this way and that a possible reason was that it would not be possible to find the expertise to run that kind of operation in Ireland.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: I ask Dr. Bacon to elaborate on that. Did Dr. Bacon feel NAMA had the required expertise to do its job as he had intended it?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: The skill set did not exist in Ireland to take on the management of that portfolio. Despite that, the NTMA was the best place.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Dr. Bacon mentioned the time it took from his designing NAMA to it coming into effect and then the transference of loans took some time as well. Two previous witnesses have criticised that delay.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Would there have been a benefit to anyone in that delay?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Okay.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: My final question is this. The legislation is in place and they get to work. Dr. Bacon has criticised the pace at which it has done its work.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: "I think it would help the market if assets were sold quicker. I think the pace of sales to date has only been forestalling recovery".
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: An interview with Dr. Bacon in theIrish Independent in October 2010.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Professor Ahearne is very welcome. In November 2008, The Irish Times called Professor Ahearne "the economist who told you so". That area of his work is very important, and I want to go into it today, but another area of his work that was also very important was when he was working for the then Minister, Brian Lenihan, as an adviser. He wrote about that in a chapter of a book published...
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: What I had hoped to do was go through the chapter in the book and clarify certain facts, but if Professor Ahearne would like to wait until the nexus phase-----
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Does Professor Ahearne mind if I ask him questions about the period prior to when he was working for the Minister? I want to begin with the pre-guarantee period and those few months around the guarantee. Professor Ahearne had a meeting with the then Minister, Deputy Lenihan, in August, just prior to the guarantee being announced.
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Where did that meeting take place?
- Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)
Eoghan Murphy: Who initiated that meeting or how was it arranged?