Results 4,021-4,040 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: The reason I'm asking ... and I think you took me up wrong the last day, I wasn't really casting any aspersions on Mr. Gray but I do think that many people in the general public don't know that he was a significant player. I've two other examples of other letters which I won't go into now, Chairman, on page 62 ... 61 of Vol. 2 and page 125, Vol. 4 ... of letters which he wrote - of a very...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: -----to be offering this sort of advice at that particularly crucial juncture?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: My final question. In relation to the area of recapitalisation, in answer to I think Deputy O'Donnell earlier, you spoke that eventually we would move to the recapitalisation phase. You chaired the discussions obviously on the night of the guarantee. Did you ask either of the two banking representatives, either of the two institutions that were represented on the night, their view as to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: Do you think that that-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: Why didn't you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: Why that failure? That's really what I'm hitting at.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: I mean, in light of the fact that the taxpayer has had to inject significant billions-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: Those recapitalised ... no ... I'm trying to put the question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: That the recapitalisation occurred in the next following few months, they were discussing it at board level two weeks later. Why didn't you ask that question on that particular night?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: I'm talking about the taxpayer capital?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: Sorry, that's not the case-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: I'm referring to the evidence that was given to the inquiry already by Mr. Goggin and Mr. Burrows.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: It's been asked of several witnesses, it's been covered in extensive media coverage of the inquiry.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: And I'm asking the man who chaired the meeting did he ask a question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: Yes, yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: That is my question. Why on the night in question, when you were chairing ... I'm not talking about capital injections in general, I'm talking about taxpayer-funded capital injections. Why wasn't ... why didn't somebody ask that question? Because that's ultimately how the ... what the taxpayer was put on the hook for?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: Thank you Chairman. Good afternoon, Mr. Cowen. Briefly at the start, in relation to the G7 phone call, it's been asked ... referred to already a lot, but I'm just interested to know, did you speak with any of the other European Heads of Government who would have been involved in some of those discussions at least, Mrs. Merkel, Mr. Sarkozy, with regard to the veto issue, as discussed earlier?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: Why did you not?

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: Can I turn now to the issue of the legislation surrounding financial regulation? There was an initial proposal in 2005 for a modernisation and simplification of the legislation which was announced in 2006 to bring all the legislation for different ... the different financial industries within the same regulatory framework. Can you outline for the inquiry what happened to these efforts...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

John Paul Phelan: Can I ask you, in relation to the evidence that you've given today and, indeed, the last day that you were here, you stated time and again that you relied on advice from a number of sources, particularly the Central Bank and the regulator. Post-nationalisation, why didn't you ask for resignations, be it from the regulator, from the Central Bank, senior executives within the banks themselves,...