Results 3,861-3,880 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: Has there been anybody who has had the opportunity? I am not enquiring for names, who-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: Similar to politics in some way then.

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: Can I just move quickly to another question on outside advice. Can you outline the type of external advice now sought and received by the Central Bank to facilitate the delivery of supervisory responsibilities, and in what circumstances does the Central Bank seek such external support, from whom do you seek it and to what extent do you avail of it, I suppose, in the ongoing work?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: ...just as a matter of interest, again without getting into too much specifics-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: I now want to turn briefly again to the discussion that was had earlier with Senator D'Arcy, although I don't have any movies or books with me, but in your statement, you referred to the 19 November letter as being "gratuitous", which is, some might say, a somewhat strong word, in light of the fact, as you said, that discussions had already commenced. Why did you yourself feel the need to go...

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: Did you ask the Minister or any member of the Government to make a similar interjection before you made that phone call?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: I suppose the point I am getting at and it's not my own point, it's a point that has been made by politicians and commentators, is that your intervention was perceived by some to perhaps stray beyond an economic intervention, that is was close to the edge of almost a political intervention. Do you think that that criticism-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: Can I ask you did it have any immediate effect on the pace of deposit withdrawals, which was part of the reason that you had expressed for making the call?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: Do you believe that your intervention brought forward the eventual agreement on a bailout deal?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: Can I ask you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: Okay. I want to refer to your evidence from earlier where you spoke about the groundwork being laid by Mr. Lenihan in early October 2010 for the bailout. On the political side or, indeed, on the official side, who was involved in that groundwork? Was it just himself or ... You said that the early groundwork for a bailout was taking place in October 2010. Do you believe that anybody else...

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: Okay. My brief closing one ... it's been raised by a number of members of the inquiry with different witnesses about the nature of your role as Governor of the Central Bank and your role as a member of the governing body of the ECB and I just really want to firstly ask you, is there a laid-down protocol as to how the functions work together? And, secondly - my time is up today so I have to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: Have you ever had to do that?

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

John Paul Phelan: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

John Paul Phelan: Thank you, Chairman. Good morning, Ms Nolan. Firstly, actually, did you see the evidence of Mr. Cardiff on his two-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

John Paul Phelan: It was. Can I ask, were you aware ... he outlined to the committee that a number of people and individuals and institutions had come to him and others making suggestions about the need for either a political guarantee or a guarantee months in advance of the actual night that the guarantee decision was made. Were you aware of that at the time or was-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

John Paul Phelan: He also indicated that at a similar time in 2008, far in advance of the actual bailout, which came at the end of 2010, that he and a group within the Department were involved in examining, shall we say, the possibility of a bailout. Again, were you party to it or were you aware-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

John Paul Phelan: Well, there was two groups. I'm not sure if this was the Johnny Logan group or the other ... there was two groups that he mentioned. But were you aware of it or were you party to it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

John Paul Phelan: You were in the Johnny Logan group?

Committee of Inquiry into the Banking Crisis: Nexus Phase (1 Jul 2015)

John Paul Phelan: Christened?