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Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

John Paul Phelan: Membership.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

John Paul Phelan: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

John Paul Phelan: And what about the second half of their concerns around the chief executive-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

John Paul Phelan: Well, can you bring-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

John Paul Phelan: Would you be able to say what those requirements ... you said there were ... you didn't want to get into too much detail. What were the requirements that proved a stumbling block?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

John Paul Phelan: Sorry, I don't-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

John Paul Phelan: Sorry, I didn't realise what you were ... that is fair enough.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: Thank you Chairman. Good afternoon, Mr. Drury. Briefly at the start I want to refer to the Heritage dinner again. I took a note as you were speaking earlier and you said that the dinner of April 2008 was not special, that Mr. Cowen just happened to be next on the list and that it had to be rearranged a few times because of diary clashes. You also said that in your time eight ... you would...

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: Can you tell the inquiry who those people would have been?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: That's fair enough, I'm just interested-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: Well, I'm interested to know and I think it is within the inquiry's terms of reference, particularly if any of them operated in public service areas that dealt with financial services or banking or development or any of the ambit that the inquiry has. I think that that ... You should answer that question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: No, they are public servants, in particular.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: And politicians as well, I mean I know ... I can-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: But, I mean, all of them could, in theory at least, come under the ambit of what we are inquiring into. And that's why I think you should-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: Can the Chairman advise me and maybe stop the clock?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: That's why I narrowed it down to financial and-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: That's perfectly fair. I was asking him what I thought was an innocuous enough question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: Mr. Drury, can I ask you why did you leave the board of Anglo in 2008?

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Jul 2015)

John Paul Phelan: Okay so it ... It wasn't related to any possible impending sense of apprehension or whatever, about, about the bank?

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