Results 2,781-2,800 of 7,082 for speaker:John Paul Phelan

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

John Paul Phelan: I understand but were any sanctions meted out to countries which did not meet the minimum standards prior to the development of the single supervisory mechanism? I ask Mr. Nava to give examples of that.

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

John Paul Phelan: Did it?

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

John Paul Phelan: I suspect the answer may be "No".

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

John Paul Phelan: Since the Commission assumed responsibility for the largest 120 institutions-----

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

John Paul Phelan: The ECB I should say. Have there been sanctions handed out to any of those institutions that might have infringed the minimum standards?

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

John Paul Phelan: The banks. Since the change to having the largest 120 directly supervised by the ECB have sanctions been imposed?

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

John Paul Phelan: I was using "sanction" in the widest possible sense and not specifically related to transposing.

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

John Paul Phelan: It is a matter for the ECB for the largest 120 banks. Earlier this morning Professor Black outlined that the United States had introduced a cap on the annual growth of bank balance sheets - I think he mentioned 25%. Is there any proposal at a European level to look at the level of growth in bank balance sheets annually and have a similar cap at a European level? In Ireland one of the...

Written Answers — Department of Finance: Mortgage Lending (10 Feb 2015)

John Paul Phelan: 220. To ask the Minister for Finance when he will be introduce the necessary regulations to implement the recent guidelines for mortgage lending issued by the Central Bank of Ireland; and if he will make a statement on the matter. [5752/15]

Written Answers — Department of Finance: VAT Payments (10 Feb 2015)

John Paul Phelan: 237. To ask the Minister for Finance the amount of revenue raised in 2013 and 2014 from value added tax charged on newly constructed and sold residential properties; the number of new residential units involved; and if he will make a statement on the matter. [6061/15]

Written Answers — Department of Finance: VAT Payments (10 Feb 2015)

John Paul Phelan: 238. To ask the Minister for Finance the likely cost, in terms of tax foregone, of reducing the rate of value added tax on newly constructed and sold residential properties from 13.5% to 9%, based on the number of these units on which value added tax was charged in 2014; and if he will make a statement on the matter. [6062/15]

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

John Paul Phelan: I welcome Professor FitzGerald. I want to start by referring to a couple of previous answers he has given. He spoke earlier about how he noticed a cultural change in the Department of Finance in the last decade of his time in the ESRI, and that some of its observations had become more political. I am interested to know whether, after the economic collapse, he noticed a change in that...

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

John Paul Phelan: Can I ask - the professor referenced this himself as did a few of the previous witnesses, particularly the authors of the reports - if you were surprised that so few qualified economists were working within the Department of Finance at the time of the collapse, and did that have any effects on judgments that were made, in his opinion?

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

John Paul Phelan: We have all said things on the Vincent Browne programme.

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

John Paul Phelan: Was that a conscious decision within management in the Department of Finance, in your view, or was it something that just evolved over time?

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

John Paul Phelan: The professor referenced a letter he wrote to the regulator in 2006 expressing some concerns. Did he have any written or verbal concerns that he raised with the Minister for Finance at that time?

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

John Paul Phelan: Was that a conscious decision or why did that happen?

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

John Paul Phelan: If Professor FitzGerald was writing to the regulator about these concerns in 2006, was there not a case to be made at that stage that those concerns should have been highlighted to the Minister for Finance?

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

John Paul Phelan: In another answer earlier, Professor FitzGerald was speaking about the funding of the ESRI in his time there. He said that 30% of the funding now comes directly from the Department of Public Expenditure and Reform, DPER. In the period leading up to the collapse, 2003-08, the ESRI produced a property index in conjunction with one of the banks, Permanent TSB. Can I ask the nature of that...

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

John Paul Phelan: Was it funded by-----