Results 3,181-3,200 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Can I ask, did you see Mr. Gleeson's testimony to the committee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Is there anything in it that you disagree with?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Was there ever a time when you were working with him, when he was your chairman, that he overruled a position that you held on lending concentrations within the bank or on the general direction of the bank?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: And was there any point in your time that you yourself held the view that sectoral concentrations in construction and development were too high and you wanted to take the bank in a different direction?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: I briefly wish to turn to Mr. Buckley. You stated, and this reference was made earlier - B1, Vol. 1, page 16. It is the Jim O'Leary quote again, which was from a minute from 13 January 2004. You said that there was a presentation to the board following on from that in October 2004. Was it customary that it would take nine months to act on a reservation expressed by a pretty senior...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: You can. Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: It is a redacted page.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: It is B1, Vol. 1, page 16.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: The only thing that's not redacted is the reference to Jim O'Leary's comment.

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Do you believe it was satisfactory that ... I have only four seconds left-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: -----that it took nine months for an action to be taken on what was an issue being flagged at least at that time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Were there actions taken on foot of the presentation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Thank you, Chair. Mr. Duffy, welcome. Following on from the discussion before we broke with the Chairman, I want to raise the issue of solicitors undertakings. It was raised with Mr. Gleeson and Mr. Forde last week. I want to, I suppose, try and get a handle on how many of these outstanding matters in relation to loans that were entered into prior to your time in AIB, still remain on the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: And in relation to your own experience, would it be ... would it have happened before that six or seven years later this issue would still be not fully resolved, at least?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Are you satisfied that a system is in place now or are you not satisfied - I can't ask the leading question - that this cannot recur again in Allied Irish Banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Can I ask in relation to a question asked by Senator D'Arcy in relation to the growth targets for AIB in the years prior to you coming into your position, you said and I quote: "I'm not sure that growth targets are the way to manage a bank, rather capital levels and liquidity". I'm asking you really for your opinion as to the previous holders of your position, do you believe that they held a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: As a matter of interest, since you've become chief executive of AIB, have you had any discussions with either of the two previous witnesses today, Mr. Buckley and Mr. Sheehy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Okay. I can ask you then again in relation to your previous experience ... this morning and last week and I refer to core document AIB B1, Vol. 1, page 87 ...sorry, I should say AIB B1, Vol. 1, page 16, in 2004 Jim O'Leary, who is an economist who was board member of AIB at the time, raised the issue of credit concentration in the construction and development sector. This morning under...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Okay, I want to refer to AIB B2, Vol. 1, page 6 ... previous speakers have referred to it. It's a reference to the then standards that existed, the Central Bank's licensing and supervision requirements and standards for credit institutions. And, this was particular focus on the 200% threshold for lending into one particular sector of the economy and 250% for two related...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Can I ... can I ask you, in terms of an indication given by a financial regulator that standards had been breached, again this is ... I suppose is a reference to your previous experience ... would it be common practice that the chairman and the board would not act to ensure that the breach would be addressed, or would it have been common practice that, you know, such rules would be seen as...