Results 3,441-3,460 of 7,082 for speaker:John Paul Phelan
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Was it one-on-one contact or was it ... was it this teleconference that’s-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Yes, okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Can I specifically then ... the comment is that the "Governor has not heard back from Trichet." That is the specific quote that I’m referencing. Was it that your calls were not returned or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Okay, so you can’t shed any light really on what that comment means then, that you had not heard back from Trichet.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Okay, that is fair enough. Now, can I turn you to discuss the events surrounding the options presented by Merrill Lynch at a meeting in the Department of Finance on 29 September 2008. And if you could outline for the inquiry the options that were discussed that evening, with particular reference to how the final solution of a blanket guarantee was eventually reached?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: And the Merrill Lynch options that were outlined.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Yes, the Department of Finance, 29 September 2008. It is quite a well-known meeting.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: I’m not allowed to reference things.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Can you outline for us the discussion that you did have then on the 26th with regard to the options that were outlined by Merrill Lynch?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Who else was present? Just as an aside.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Okay. I want to turn now to specifically the night of the guarantee itself ... and we had evidence from Mr. Goggin again, the former CEO of Bank of Ireland, who was the CEO at the time. You’re on page 22 and 23 of the transcript of that particular meeting, where he said that after discussing with his colleagues from capital markets in the treasury side of Bank of Ireland, he then...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Can I ... my time is limited and I'm not trying to rush you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: -----but I want to specifically ask you in relation to the differing views given by Mr. Goggin and------
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: -----on subordinated debt
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Okay, okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: So, can ... your ... I suppose ... yes, that's a slightly different version than we might have heard already. You've kind of thrown me off my train of thought by having a different ... a slightly different version but can I .... can I ... can I ask you then, in relation to your own opinion as Governor of the Central Bank, being party to those discussions, what was your view on the inclusion...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Can I ask and I want to put another quote to you, Governor Honohan, your successor, speaking here in the inquiry on 15 January 2015, he stated the following:What I know from conversations, as far as I understand it, is that he [Brian Lenihan] agreed with the idea of an overall guarantee but he also thought that [two named institutions, which I won't name because I'm afraid ... I don't want to...