Results 3,781-3,800 of 7,082 for speaker:John Paul Phelan
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Why do you believe he didn't get on well with you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: No, it was ... it was you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: I'm ... I've no intention of bringing you into the commission of ... it's ... that's why I'm keeping it as general as possible. I have a further quote from as far back as October 2011, from the former chairman of IBRC, Mr. Alan Dukes, where he referred - it's letters that have been made public ... refers to bad blood between the Department and his management team which he said, and I quote...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Okay. I now want to ... well, actually, sticking again with the ... with the legally-proofed questions for IBRC, I want to refer-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Well, look it, I'm not trying to ... I'm not trying to catch you out in that sense, Mr. Moran. Liquidation of IBRC was discussed in an EMC paper, dated 10 October 2012 ... the transaction proposal ultimately planned to replace the promissory note with "long-dated Government bonds" and this was seen as vital to avoid a funding cliff in the near term. Can you comment on the reaction of the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Okay. As a follow on, there is a memo from the Department of Finance to Government dated 6 February 2013, regarding the IBRC liquidation and promissory note settlement, seeking a decision to set in motion the liquidation of IBRC. The direct cost of proposed liquidation is estimated by KPMG to be of the order of €30 million to €35 million. What process was there within the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Okay. Briefly, in your opening statement I want to just put one more quote to you, "Another surprise was to discover that former governments seemed, at least so the story goes, to have discouraged [or] (even banned) the idea of meetings [between] secretary generals as a group to discuss policy unless [the] Ministers were present." Who told you that these meetings were banned or how did you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: No, that's fine.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Thank you, Chair. Briefly, Mr. Moran, as somebody who is often portrayed as an outsider to the Civil Service, after your arrival to the Central Bank and subsequently into the Department of Finance, did you ... well, firstly, did you believe that you had an advantage or disadvantage because of your private sector background in entering those positions and, particularly, becoming Secretary...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Thank you, Chairman. Goodnight, Mr. Moran.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: You seem ... you seem to indicate in your statement that for the period 2003 to 2008 the Department was reassured by the absence of any reference in the letters from Central Bank Governor to a slowdown in housing and a favour ... and by favourable assessments from international bodies such as the IMF. Professor Honohan, however, states that, and I'm quoting him here, "Even before the failure...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: I actually think it's a quote from his appearance here.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: But were you relying on that analysis from other agencies rather than-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Did you see the evidence of Mr. O'Connell, the former chief economist with the Central Bank?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Well, he was discussing how he had been involved in the production of some country reports, particularly OECD reports, and there's just one quote - and this is my final question that I want to put to you - from him, from the transcript, from Tom O'Connell. He said: ... we would be discussing or interacting with the IMF and the OECD, in particular with the OECD country reports, it was...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: So you don't really, just to sum up, you don't really recognise the last line of his comment, that almost every line was parsed and anything of a negative nature needed to be taken out.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Okay, thank you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
John Paul Phelan: Thank you, Chairman, and good morning, Mr. McCarthy. Can I just start with that document just referred to previously by Senator Barrett, Vol. 3, the document that you refer to as not being ... you know, the notes being written on it were not your own? Page 9 of Vol. 3, the executive summary. I'm very good on executive summaries usually myself. On that particular page, the word "boom" has...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)
John Paul Phelan: Well, the ... the level-----