Results 4,181-4,200 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: Okay. In evidence to the inquiry, Professor Honohan, Governor of the Central Bank, spoke about the merger of EBS and AIB and the merger of Anglo and INBS and he said it "seemed a largely pointless cosmetic exercise". That's from page 7 of his statement that he gave to the inquiry. He also said that the exercise was "pressed on the Irish authorities by the Troika". You would have been...

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: So would I be correct ... I'm not trying to put words in your mouth, but you have a difference of opinion as to what Professor Honohan said? His quote again was that it "seemed a largely pointless [and] cosmetic exercise".

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: Again, just to rewind to maybe one of my earlier points in relation to burden sharing, paragraph 12.3, you refer to ... of your statement, you refer to the burden-sharing of deposit holders. Again, within the narrow constraints in which we're operating, were you ever asked to provide advices in that particular window, if you like, as to the possibility of burden-sharing with deposit holders?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: Okay. All right. Thank you very much.

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: Briefly Mr. McCague, in relation to paragraph 6 of your opening statement, the meeting on the Sunday 28th, in the NTMA building with Department officials where further discussions on loan books, in particular Anglo, took place. Did you form a view, I suppose on the night of the meeting in question, we've had evidence that the NTMA weren't directly present in the room, as to why they weren't...

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: Do you think that they should have been?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: Okay. Mr. Ó Ríordáin, in relation to my earlier question, did you say ... I didn't pick you up properly, you might clarify that Cleary Gottlieb were employed by the IMF in relation to the issue of burden-sharing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: So did you have direct contact with Mr. Buchheit?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: Was he ... was he in Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: When would that have been roughly in your recollection?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: Yes, the reason I suppose I'm asking is that he is somebody who is extensively involved in other countries, particularly Greece and I wasn't aware until now that he had any involvement in the Irish context. But in relation to the discussions that took place, were there discussions on restructuring with respect to the sovereign or was it specifically on the issue of the possibility of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: In light of his views and he's a man who's been commented on a lot in the media, particularly in relation to Greece but also Iceland and a lot of financial crises that have emerged in the last 20 or 30 years, was his presence a matter of secrecy or discretion, the fact that he was here, in light of the fact that it might have caused difficulties or issues within the market?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: Okay, and can I ask when were you first informed that the matter of burden-sharing was off the agenda so to speak? And who did that? Who informed you?

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: Finally, are you at liberty to divulge the categories of bondholders that were being discussed in those meetings with Mr. Buchheit or, indeed, the institutions that might have been ... been discussed? I don't want to walk you into-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (16 Jul 2015)

John Paul Phelan: Okay, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

John Paul Phelan: Thank you, Chairman. Good afternoon, or good morning, I think, still gentlemen. I only have ten minutes so I'd ask you to be as brief as you can. Firstly ... for you both, briefly, you both subscribed, I think, in your statements to the view that there would have been a soft landing, economically, for the country were it not for economic ... other external economic factors. Do you both...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

John Paul Phelan: Mr. Dunne?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

John Paul Phelan: What was the basis of your view that Ireland would have a soft landing? And where were you looking internationally that you felt that in Ireland ... we've heard examples from other witnesses, that the soft landing has almost just been a theoretical thing, that, in practice, hard landings were the order of the day more than soft landings. Where ... where ... what did you base your view on?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

John Paul Phelan: Okay. Mr. Begg, do you have ... what was the basis of your soft landing theory as well or was it the same?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

John Paul Phelan: Yes. Okay.