Results 2,901-2,920 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: That is fair enough. Where and when did the meeting take place and why was Dr. Bacon present?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: Dr. Bacon stated that it was a standing committee.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: One of the previous questioners referred to the report on banking crashes that Professor Ahearne produced for the Federal Reserve. Professor Ahearne referred to his meeting in August 2008 with the late Minister for Finance, Deputy Brian Lenihan, which was held in the Minister's office. Did any other officials or politicians approach Professor Ahearne in the period leading up to the banking...

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: There were no other discussions with any Ministers at the time that Professor Ahearne can remember?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: Can he rationalise the apparent decision of the academic economics profession to exclude the banking sector from economic modelling? This issue was raised by Senator O'Keeffe. It appears to be a glaring omission, even if I accept that we have the benefit of hindsight. Why was banking omitted from economic modelling?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: Last year, Professor Ahearne co-authored an IMF paper on economic surveillance. Can he briefly outline some of the principle findings of that paper, in terms of improving economic surveillance in the Irish economy? I think the paper was produced in July last year.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: I will refer briefly to the first part of Professor Ahearne's response. Does he believe the IMF's surveillance, and its report from 2006, exacerbated the problem because it was seen to give the all clear to an economy that was in difficulty?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: I want to refer to chapter 1 of the book, Brian Lenihan: In Calm and Crisis, which quotes Professor Ahearne as saying that a lethal expansion in credit had occurred due to borrowing by the Irish banks. Will the professor elaborate briefly on what he meant by "a lethal expansion". When does he believe that expansion became lethal? Can he put an approximate time on that?

Written Answers — Department of Social Protection: Defined Benefit Pension Schemes (10 Mar 2015)

John Paul Phelan: 174. To ask the Minister for Social Protection when the Waterford Crystal pensions will be issued to the relevant employees; and if she will make a statement on the matter. [10380/15]

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

John Paul Phelan: I welcome Mr. Carswell. In his response to the Chairman's first question, Mr. Carswell mentioned briefly the role of auditors. Are the rules regarding how auditors audit the accounts of financial institutions post-crisis, effective? Will the changes that have been made be effective into the future? Several witnesses have pointed to a potential conflict, at least, in terms of how auditors...

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

John Paul Phelan: I want to refer briefly to the lobbying issue that Deputy Murphy mentioned. Mr. Carswell referred in his opening statement to cosy relationships, which Deputy Murphy mentioned. In the period prior to the crisis, did Mr. Carswell unearth any evidence of those lobbying relationship between either financial institutions or representatives of the sector and leading political players at the time...

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

John Paul Phelan: Did Mr. Carswell have evidence of specific lobbying of specific people?

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

John Paul Phelan: Who was lobbying who, without naming names?

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

John Paul Phelan: Who were they lobbying?

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

John Paul Phelan: Mr. Carswell mentioned in his book, but I did not bring my copy today, the bonus structure that existed. There were several references throughout Anglo Republic: Inside the Bank that Broke Irelandof the bonus structure. Will he give examples of the differences that existed between institutions and also between different bonus levels for senior and lower management levels? Does he believe...

Committee of Inquiry into the Banking Crisis: Context Phase (10 Mar 2015)

John Paul Phelan: In Mr. Carswell's new role in the United States, has he obtained any information about the alleged intervention of the then US Treasury Secretary, Mr. Timothy Geithner, which he has written about in his own book, in relation to the prevention of the burning of senior bondholders in 2010.

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

John Paul Phelan: Does Professor Farrell believe that a more effective Oireachtas could have reduced the cost of the financial crisis to the citizens of the country or reduced the burden of the financial collapse on the people?

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

John Paul Phelan: Earlier, Professor Farrell said rushed legislation was bad legislation. On the night of the bank guarantee, legislation was rushed through. I got my speaking slot in the Seanad at 5 a.m. and the then Minister, the late Brian Lenihan, was there for the duration of the debate. Notwithstanding the impact of the legislation, in certain circumstances is rushed legislation necessary? We might...

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

John Paul Phelan: In response to a question by Deputy Michael McGrath, Professor Farrell said committees should be representative of party or grouping strength, but added that it was unfortunate that the Government would always have a majority. If a committee is to be representative of the strengths of groups and the Government is a majority Government, as a matter of course the Government will always have a...

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

John Paul Phelan: Professor Farrell has clarified it. Article 28.7.2° of the Constitution provides for Senators to be appointed to the Cabinet. Why has the provision been availed of only twice in the history of our current Constitution?