Results 2,981-3,000 of 7,082 for speaker:John Paul Phelan
- Written Answers — Department of Agriculture, Food and the Marine: Single Payment Scheme Eligibility (14 Jul 2015)
John Paul Phelan: 416. To ask the Minister for Agriculture, Food and the Marine the way in which a person (details supplied) in County Kilkenny will benefit from changes to the proposed changes to the single farm payment scheme under the Scottish derogation; and if he will make a statement on the matter. [29145/15]
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: Thank you, Chairman. Good afternoon, Mr. Quinlan. I just want to ask you, actually, at first, you made reference earlier on to sub-prime and you said it didn't exist in Ireland. It was a very marginal thing in Ireland but, I mean, there was some sub-prime lending into commercial ... residential property, in particular, in the Irish economy. A number of institutions with a loan value of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: In an interview that you gave to theFinancial Timesin 2005, you stated, ''I am able to explain to people as to why you should do this or that.'' Basically, I suppose what I am asking is how can you explain deals to clients as you outlined in that interview if you don't have more than just a high-level overview of how those deals were being financed?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: As a former tax adviser and inspector with the Revenue Commissioners, do you have a view as to how different Governments used tax reliefs during the boom period and in the lead-up to the boom?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: You said that you hadn't lobbied politicians on the issue.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: Had you ever spoken to any people from the Department of Finance or indeed any other civil servants?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: Okay, in August 2008, you wrote in The Irish Timesthat people must remain confident in Ireland-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: -----and to quote you directly you said, ''The bears see no way out for Ireland. I do.'' Why then, did you leave Ireland the following year?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: Can I ask then, in relation to ... you have referred to it a couple of times in your earlier answers, the feel-good factor that existed in Ireland around the time of the boom. At what juncture, if at all, did you realise that there was a bubble emerging in commercial property in your case, in the Irish economy?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: In hindsight, do you believe that the feel-good factor that you referred to was, well it might have been real at the time but you know, was it a mirage? Was it something that was built on something that was unsustainable?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: I'm talking about your own view.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: Okay-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: Following the Lehmans, I think you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: -----referenced Lehmans earlier on-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: -----did you take steps as executive chairman of QP to protect your clients?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: Can I ask you, in relation to an article that appeared in the Sunday Independent in September 2014, you needn't comment on it if you don't wish to but a source was quoted and I just want to reference it correctly, a source close to Quinlan as saying: Anger is no strategy and we simply must get the likes of Derek Quinlan back to work ... Mistakes have been made but big lessons have been...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: Can you briefly summarise, because-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: I finally, I want to try to ... I have a question. It's a general NAMA question, not a specific one and I know I don't want to get into your own details but the banks valued loans on an amortised basis as they were originators of the loans and NAMA, on the acquisition of the loans, valued them on a fair or true market value basis. As a result, the aggregate loans came to be valued at...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: Do you believe that the valuation process influenced-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)
John Paul Phelan: Okay, thank you.