Results 3,101-3,120 of 7,082 for speaker:John Paul Phelan
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Page 17. Again it, it states that-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Yes, yes, that as of-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: It's at the ... it's there in front of you now.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: As of September 2008, AIB continued to be in breach of the sectoral concentration-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Where it was 200% ... the figure was 275%-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: -----per investment exposure and 390%-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: -----when confined with development. Was that a concern for you at the time, or the board, or ... you know, was there a discussion that you can recall?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: I don't wish to cut you but my time is brief. The fact that the regulator's guidelines, which we discussed-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: -----at length earlier, indicated that the concentrations in two related sectors should be 250% maximum.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: It was 390%-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: -----in September 2008.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Crucial month, we all know.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: And you don't recall whether alarm bells rang in your own head, never mind in other members of the board at that particular juncture?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: It's September 2008.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Okay. Well I wish to move on, and refer again now to a document that Deputy Doherty mentioned also. AIB, C3b, Vol. 2, page 29.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Page 29. It's the memo from the Department of Finance-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: -----from the night of the guarantee.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Where you were, you were marked ... yes, you were marked in attendance.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: And there's a quote, well it's not a quote it's a reference, I suppose more like, at the bottom, close to the bottom of page 29 where Mr. Sheehy, the then chief executive of AIB, is reported to have said, and the quote from this memo is that, "People we've been dealing with for decades, pulling back - 1 month we will be funding bank overnight. Bad if can't even get that, disaster -...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Well was it bankruptcy that was facing the bank on that, on that particular night?