Results 2,921-2,940 of 7,082 for speaker:John Paul Phelan
- 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 (15 Jul 2015)
John Paul Phelan: Thank you, Chairman. Good afternoon, Mr. Farrell. Firstly, I wonder if you could outline for the committee the nature or, I suppose, how you were appointed chief executive of the IBF in June 2004? What was the nature of the process that led to your recruitment for the role?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
John Paul Phelan: Okay. And you made the initial ... or sorry, you were initially approached yourself prior to making an application?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
John Paul Phelan: Okay. Can I ask you, and I'm aware that you may not wish to answer this, but the nature of the relationship between the IBF, which ... one of its functions, I suppose, is as a lobbying group for banking interests with Government, is part of the terms of reference of our inquiry. Are you prepared to divulge to the inquiry the remuneration package that you would have-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
John Paul Phelan: That's okay. How many people would have been working in the IBF in 2004 versus 2013 when you left? Can you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
John Paul Phelan: Okay. You served as general secretary of Fianna Fáil from 1991 to 1997. Did you remain on as a member of the party up until the time that you left the banking federation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
John Paul Phelan: Okay. Would you have been personally close to many of the Ministers who would have served in government in the period, we'll say, after your having left employment with Fianna Fáil and having taken up, in January of 2004, work ... employment with the bankers' federation?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
John Paul Phelan: Can I ask would you have had reason to, you know, make contact with members of the Government in your function as chief executive of the bankers' federation, direct contact on banking matters in particular?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
John Paul Phelan: Yes. Would there have been ... how many times in your roughly ten years would you have dealt, specifically maybe with the Department of Finance, whether the Minister or the various Ministers, the various Secretaries General that would have been in the Department in that period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
John Paul Phelan: That's fair enough, I'm not questioning that. But would you have had much interaction, I suppose? The level of interaction?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
John Paul Phelan: Again, and this is my last question on this point and this area, as a former general secretary of Fianna Fáil and a former Senator, former Member of the Oireachtas, could you comment for the inquiry on the appropriateness of the relationship you and the banking federation had with Ministers for Finance and Government over your ten-year period, including, I suppose, a comparison as...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
John Paul Phelan: Okay. I do want to change now, Mr. Farrell, and just refer to your opening statement. You described in it the period 2004 to 2008 as a period of rapid, but, as subsequently proved, unsustainable economic growth. To what extent do you now consider that the banking sector has borne any responsibility for the unsustainable element of economic growth in that particular period?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
John Paul Phelan: Would you like to outline it, briefly perhaps, in your-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (15 Jul 2015)
John Paul Phelan: Yes.