Results 2,801-2,820 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

John Paul Phelan: Ms Harney?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

John Paul Phelan: Okay. Finally, Mr. Gormley, were you aware that the NTMA, on the night of the guarantee and before it, held a view that a blanket guarantee wasn't the optimum solution in their view? And do you believe that as the effective funders of the State that they should have been involved and in the room directly in those discussions on the night concerning the guarantee?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

John Paul Phelan: In light of that and, I mean, I don't want to harp on, I raised it earlier with you, but you were in Sandymount on the night. You weren't in Ballydehob, and you weren't in-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

John Paul Phelan: Ringsend?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

John Paul Phelan: Possibly even closer than Sandymount, or I'm not sure, maybe Deputy Murphy might know the geography better. But in light of that fact, I mean why did you not when you were presented with the opportunity, we know that the NTMA were in the room next door to the meeting, they weren't involved, perhaps even your presence might have led to them being included in the discussion. Why did you not...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Jul 2015)

John Paul Phelan: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: Thank you, Chairman. Good morning, gentlemen. I've only six minutes so I would ask you to be as brief as possible in your answers. Continuing on from Deputy Doherty's question earlier Taoiseach, in relation to the Sunday Independentarticle from 21 July 2013, I want to put a quote from it to you: In one email, dated November 19, 2008, Mr Moran tells his boss, Mr Drumm, that "Enda" told...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: The quote is: In one email, dated November 19, 2008, Mr Moran tells his boss, Mr Drumm, that "Enda" told him that the State was considering telling Bank of Ireland to take over Anglo to prevent it from collapsing. Do you recall having that discussion with Mr. Moran?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: Okay and I want to reference that meeting as well. You told the Dáil on 25 June 2013 and I want to quote you directly. You said: I had the doubtful privilege of calling into Anglo Irish Bank with Deputy Bruton, when he was the party's spokesman on finance, a couple of weeks after the guarantee went through. We met all of the principals in the bank's building on St. Stephen's Green....

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: Okay. What was the nature of the meeting? Like, was it ... you say that you had sought the meeting itself. Did you feel that you were getting the full picture, I suppose, from Anglo? This is a couple of weeks to-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: Do you feel with hindsight that the meeting should have taken place or-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: Can I ask you - and I only have two and a half minutes left - when were you first informed of the Government decision of 29 September 2008 in relation to the blanket guarantee that was entered into? And who did you have that discussion with?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: And was the conversation with Minister Bruton prior to the conversation with yourself?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: Okay and that was seven o'clock in the morning of the 30th, on the following morning?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: Minister Bruton, can you-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: One more question. I'm sorry for interrupting but there's only ten seconds left and I have to ask you. During your time in opposition do you feel that you were able to make effective use of decision-making processes within the Oireachtas to strengthen legislation, particularly financial and banking sector legislation? Minister Bruton, maybe, first.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: I just want to put that question, my time as just elapsed, to the Taoiseach as well. Did you feel that you had effective use of the decision-making processes in the Oireachtas with regard to legislation for banking in the financial sector?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: Thank you, Chairman. Good afternoon. Firstly, Deputy Rabbitte, in relation to your opening statement on page 2, you said "On the basis of evidence heard to date by this Inquiry it appears that a small number of influential individuals in the Financial Sector had more influence with government than did Dáil Eireann". Briefly, can you point to what evidence you're referring to and,...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

John Paul Phelan: Okay, thank you. I want to turn to the Tánaiste now, I only have about four minutes remaining. Tánaiste, in your witness statement, under the heading of "The policy failures that propagated the crisis", you were referring to the period following the adoption of the euro and up to mid-2007 and you stated that, "A more proactive regulator would have responded to these developments by...