Results 12,081-12,100 of 15,555 for speaker:Eoghan Murphy

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Eoghan Murphy: In his opening statement, Professor FitzGerald said, "The dangers the economy faced as a result of the over-inflation of house prices, the build-up of debt and the loss of competitiveness in the economy were foreseeable and [as set out in the appendix] foreseen." The appendix contains the implications for fiscal policy of the analysis in the ESRI quarterly economic commentary and the...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

Eoghan Murphy: When the warnings were conveyed to the Department of Finance, the work of the person reporting on Professor FitzGerald's reports was amended internally so that it was not conveyed appropriately to senior level.

Written Answers — Department of Transport, Tourism and Sport: Sporting Events (10 Feb 2015)

Eoghan Murphy: 624. To ask the Minister for Transport, Tourism and Sport if he will provide an update on bid preparations for the 2023 Rugby World Cup. [5728/15]

Written Answers — Department of Transport, Tourism and Sport: Parking Provision (10 Feb 2015)

Eoghan Murphy: 637. To ask the Minister for Transport, Tourism and Sport , further to Parliamentary Question No. 287 of 25 September 2014, if he will provide an update on same; and if he will clarify the situation in view of his correspondence (details supplied). [5982/15]

Topical Issue Debate: Tax Exemptions (5 Feb 2015)

Eoghan Murphy: Under-occupancy of homes in Dublin must be addressed. We need to find ways to incentivise people who are living in large homes which they no longer need to trade down and free up the house for a family or a number of people to live in. Thus we could use the property we have in Dublin and our urban regions in the most efficient way. While I understand the Minister of State's points...

Topical Issue Debate: Tax Exemptions (5 Feb 2015)

Eoghan Murphy: I thank the Minister of State, Deputy Simon Harris, for being available to take this topic. The proposal I am putting forward is related to the new Central Bank decision on mortgage rules. Clarity is welcome, although I am not sure why it took the bank so long to deliberate or why it went through the process at all. However, it is good that we now know what its proposals are. Of...

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: To come back to the recipe Professor Black was outlining to us earlier, the second step is the making of bad or terrible loans. What is the motivation behind the making of those loans?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: They would follow suit.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: The point I am trying to come to concerns making bad loans deliberately, with the knowledge they are bad.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: What about where people are investing themselves in what their own bank, or banker, is investing in, as we have seen in certain cases? They are losing money in that scenario also.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: Let me go back to the prior step in terms of this extreme growth and the role commercial property lending plays for a bank in managing to make that extreme growth, and the relationship with the regulator in that context.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: I thank Professor Black.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: I would like to come back to the idea of minimum harmonisation, which Mr. Nava spoke about in his opening statement. He said this provided the minimum requirements for the enacting of prudential supervision in each member state. To his knowledge, did any country enact less than the minimum requirements or attempt to enact less?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: To Mr. Nava’s knowledge, did any country, at the beginning of the last decade and in the years leading up to 2006, when the directives were transposed, go above the minimum recommendation?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: Is Mr. Nava aware that anyone did? The Commission follows this up.

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: As you watched this happening throughout the 2000s into 2006, and the crisis in 2008, did you find a correlation between those countries that had gone further than the minimum and the success or robustness of their banking system?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: We then come to 2006 and the capital requirements directive. Mr. Nava said in his opening statement that had these powers been used “to the full extent, a number of major difficulties could have been prevented.” He is not talking about one particular country. Is he saying the directive was not being properly implemented or followed?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: Is it fair to say that the 2006 capital requirement directive was sufficient but that the national authorities-----

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: I refer to something Mr. Nava mentioned earlier about credit concentration limits. Are we going to have harmonisation at EU level on credit concentration limits or will that be left to national authorities in new supervisory structures? I was not clear from Mr. Nava's earlier statement if there was going to be an EU-wide directive on credit concentration as part of new structures or whether...

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

Eoghan Murphy: I was not clear on the answer. The responsibility for identifying those risks lies with the national supervisor.