Results 2,561-2,580 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Sep 2015)

John Paul Phelan: Okay, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Thank you, Chairman. Good afternoon, Mr. Gray ... and I’d ask you to be as brief as you can in your answers - I’ve a lot of questions to cover. Firstly, I put it to you that you are arguably, in terms of this inquiry at least, the most important economic adviser to Government who is largely unknown by the general public. And according to the testimony of Mr. Cowen and,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Okay, I just ... I'm not trying to cut you short but I want to get through this as much as I can.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: In your opening statement ... I want to rewind to before the night of the guarantee, in your opening statement in the notes in references section, you remark that you "have not fallen into the foolish and arrogant trap of suggesting that I have never made mistakes". Mr. Gray, I just wanted to ask you do you believe ... and you referenced the meeting yourself, that it was a mistake for you to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Okay, but I-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: That’s ... and I'll turn to the unemployment question a little bit later. First of all, who organised the meeting, in your recollection?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Was Mr. Drury somebody that you would've been familiar with? Did you have regular contact or irregular contact with him?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Both Mr. Drury and Mr. McGann last week stated that you were the one responsible for drawing up the agenda for the meeting. Is that correct?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Was there a formal agenda?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: I want to put a quotation to you from Mr. Drury’s evidence to the inquiry in response to a question from Senator O’Keeffe concerning whether unemployment was on the agenda or had been discussed. He said, "The rise in unemployment was something that, you know, we would all have been conscious of, nobody needed to raise it." Now, that is a direct contradiction of your witness...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Okay, that’s fair enough. So your view is that, contrary to what Mr. Drury said, that unemployment was discussed at this particular-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Was banking discussed?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Banking in general?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Can I put it to you that it seems extraordinary that a group of people who all had involvement in banking - whether central banking, commercial banking - the Taoiseach, who was on the precipice of a banking crisis ... that you would gather and have a discussion on the economy and no reference would be made? I’m putting that as a layman on the street might feel.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: You state on page 8 of your written statement, and I want to quote you directly, that you raised at board meetings the accuracy of information "from [...] banks [and] elsewhere on the position of major borrowers dependent on property". I want you to outline, if you can - because I haven’t been able to find them - any board meetings where you brought that subject up, the dates where...

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: That's fair enough.

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Was Anglo one of the banks that you were concerned about?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Okay. Did you, when you were invited to attend the meeting in Druids Glen - this is the last question I'm going to ask about this particular matter-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: -----not feel it appropriate to maybe raise your concerns ... that you were meeting with people, all, bar the Taoiseach, who were directly related to Anglo Irish Bank, that perhaps those concerns should be raised with the Taoiseach in advance and even potentially with them in their attendance at the meeting?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Sep 2015)

John Paul Phelan: Can I ask you, ... now I have only a minute left and I want to cover a couple more areas. At annex 9 of your statement, you state: "No one from Anglo has ever asked me to take action on their behalf or to make representations on their behalf." What then, Mr. Gray, were the former chairman and chief executive of Anglo coming to meet you about on the night of the guarantee?