Results 12,101-12,120 of 15,555 for speaker:Eoghan Murphy

Written Answers — Department of Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership (29 Jan 2015)

Eoghan Murphy: 69. To ask the Minister for Jobs, Enterprise and Innovation his position on the proposed Transatlantic Trade and Investment Partnership. [4085/15]

Written Answers — Department of Health: Mental Health Services Provision (29 Jan 2015)

Eoghan Murphy: 131. To ask the Minister for Health his plans to improve services for those with mental health difficulties in view of ongoing problems (details supplied). [4100/15]

Written Answers — Department of Health: Maternity Services (28 Jan 2015)

Eoghan Murphy: 100. To ask the Minister for Health further to Parliamentary Question No. 962 of 17 September 2014, and to the correspondence from the Health Service Executive (details supplied), his plans to introduce national policy in on antenatal screening and foetal abnormality testing. [4051/15]

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: I thank Professor Kane for joining us today. Let us consider his opening statement, the paper he provided to us and some of his work. Much of it is directed towards how we incentivise banks to take less risk or how to reduce the public's exposure to the risks they take. In the US is there such a concept as public interest directors on the boards of banks?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Professor Kane is not aware of it existing as a role in any of the banks. Is that the case?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Given his knowledge of banking and how the board structure works in bank, does Professor Kane believe that, as a concept, it is possible to have someone with a dual obligation on the board of a bank? Can such a person have responsibility to the shareholders and also to the public?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Does Professor Kane know whether they had a formal reporting role to the US Government when they were on those boards? How did they-----

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Yes.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Was there any public knowledge of how they discharged their duties as public interest directors?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Was it simply a US Government public relations exercise? How does Professor Kane view the concept being applied or put in place? Is it simply a PR exercise on the part of the US Government?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: I want to look at Professor Kane's work on blanket guarantees. When a government institutes a blanket guarantee I suppose it implies that all the covered institutions that come under it are too big to fail. Hence, the government steps in with the guarantee. At that point, Professor Kane is right in that the institution in question is already too big. When there is a systemic crisis with a...

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: When Professor Kane speaks of giving away too many resources too early, is he referring to taxpayers' money?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Professor Kane spoke of a banking holiday. Will he elaborate on that comment?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Shutting a bank for a few days would mean there would be no access to its funds.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: If the crisis is systemic, no one would have access to funds in any of the banks.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: On that point, Professor Kane spoke of tracking better earlier in the context of regulation. In his opening statement, he used the analogy of having helicopter tracking on the road system. Clearly, our regulatory system is not sophisticated enough. Is that what Professor Kane is saying?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: In Professor Kane's view, it is not only a question of infrastructure but a cultural problem and problem of behavioural norms.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: In his opening statement, Professor Kane spoke of coming to a better understanding of "how thoroughly behavioural norms that foster deception and abuse of the public trust are embedded in banks' and regulators' organisational cultures." He paints a damning picture of how the banks and regulators view the public.

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: Commenting on the banking system in Ireland, Professor Kane states, "Here in Ireland, banking appears well on its way to becoming a duopoly with a fearsome ability to pervert and abuse the rules of your financial roads." Will he elaborate on a problem with a small number of banks in a banking system?

Committee of Inquiry into the Banking Crisis: Context Phase (28 Jan 2015)

Eoghan Murphy: The problem we had here in the build-up to the crisis was competition from other banks moving into the market. What we then had were new lending products and riskier lending strategies. Just to be clear, are we talking about the number of banks in a banking system or their size?