Results 2,881-2,900 of 7,082 for speaker:John Paul Phelan

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

John Paul Phelan: Mr. Begg?

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

John Paul Phelan: Can I ask you directly Mr. Begg: did the board, the Central Bank board, in your 15 years - particularly I suppose from the period 2002 onwards - have detailed discussions about the expansion in property lending, in particular, the expansion in the loan books of financial institutions?

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

John Paul Phelan: Okay, just to turn to Mr. Dunne briefly, you said that you were aware of the fact that there were three people within the regulator who were responsible for, I think, it was Bank of Ireland and Anglo, and three more responsible for AIB and Irish Nationwide in terms of direct regulation. You've already stated that you don't like the term "light-touch regulation". How else would you describe...

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

John Paul Phelan: He is asking me to wrap up.

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

John Paul Phelan: You think that three people regulating those groups of two major financial institutions with huge expansions in their loan books in the period that you were on the board of a regulator, you'd think that that doesn't fit the term "light-touch regulation"?

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

John Paul Phelan: Okay-----

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

John Paul Phelan: Can I ask the-----

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

John Paul Phelan: Thank you, Chairman. Good morning still, Mr. Gallagher. I've a few brief questions. Most of what I wish to ask has been asked already. In response to Senator Barrett earlier you said that because Ireland didn't have huge resources, it needed to give a legal guarantee to make it credible. Do you accept the view that some people would hold that, ultimately, perhaps because of the nature of...

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

John Paul Phelan: Okay. Well, isn't ... doesn't that really go to the heart of, ultimately, the weakness that some would argue ... I can't ask, perhaps, a leading question ... but ... of the guarantee, that the nature of it was such ... and the failure on the night to have full information as to the possible exposures in most of the institutions, or certainly a couple of them, meant that the liability opened...

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

John Paul Phelan: On the night in question did you offer an opinion as to the absence of direct input from the NTMA at the meeting as to the possible implications on the sovereign? They have given ... several members of the NTMA have given evidence to the inquiry that they had serious concerns and wouldn't have gone down the route of the guarantee which was ultimately chosen. Did you inform the meeting that...

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

John Paul Phelan: Okay. Briefly, I want to turn to a book that was published by former Green Party Member of the Oireachtas, Dan Boyle, where he issued ... levelled a number of criticisms at ... indirectly, I suppose, and perhaps directly at yourself in your role in the Government which you were Attorney General. The book was called Without Power or Glory: The Greens in Government (2007-2011). One of the...

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

John Paul Phelan: One of the quotes that he said was "At cabinet level we were coming up against a further obstacle in the form of the attorney general Paul Gallagher." Were you aware at the time that you were viewed by a component part of the Government as an obstacle?

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

John Paul Phelan: Briefly then, finally, I want to ... I won't go any more into that particular publication. Paragraph 58 was referred to by Deputy Higgins earlier, of your opening statement, where you said that there was no "constitutional impediment to introducing [further] legislative measures to provide for further burden-sharing". Was your opinion ever sought on the introduction of legislation to impose...

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

John Paul Phelan: And it just fell because-----

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

John Paul Phelan: -----because the Government changed and it was at that-----

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

John Paul Phelan: Thank you ... thank you, Chairman. And good afternoon, gentlemen. I've a little less questions now because some of them have been dealt with already.

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

John Paul Phelan: You're all right. Firstly, actually, is it Mr. Ó Ríordáin or O'Riordan?

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

John Paul Phelan: Ó Ríordáin. Because it was written as "O'Riordan" earlier. In relation to the 120 lawyers who you said were working in the firm on the business that you've referenced in your opening statement, how many of them would be ... would've been of a partner level in the firm can you recall?

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

John Paul Phelan: Was there any point during the seven-year period where the Department of Finance would have been your biggest client or one of your ... one of your biggest, I should say?

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

John Paul Phelan: Okay. I want to reference your opening statement, Mr. Ó Ríordáin. Paragraph 13.1 and quote it directly, where you said in the middle of that paragraph that "we had a limited interaction with the IMF in respect of the legal manner in which senior bondholders could participate in burden sharing." Can you, within the parameters that were operating in here today, outline to the...