Results 3,121-3,140 of 7,082 for speaker:John Paul Phelan
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: No, was he somebody that ... I'm not saying an official adviser, but was he someone that you had conversations with and sought his-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: And you thought he would be a suitable appointee to the board of the Central Bank and the regulator?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: Okay. I now want to turn to a meeting from your diary which I ... was released under FOI, which took place on 14 February 2008, where you're recorded as meeting with Mr. Eugene Sheehy, former chief executive of AIB, alongside the Secretary General of the Department at the time. 14 February 2008. Do you recall why that meeting took place and what discussions were had at that particular...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: Specifics?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: Okay. One month later, the so-called St. Patrick's Day massacre occurred. Can you recall from that meeting or, indeed, from any other similar meetings that may have taken place around that time, any forewarning or any discussion as to the vulnerability of different institutions, including Anglo, to such a shock? Okay. You were in Vietnam, you outlined it earlier on, and Malaysia I think...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: And did your ... did your view change?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: In that particular statement, though, you weren't acknowledging that there was any local ... that's the point I'm trying to get at. You were saying it was an international issue, pretty much, as opposed to a local development. That's the quote. Did you thinking amend at any stage?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: I want to turn now to ... again, an issue that was touched on by Senator D'Arcy and Deputy McGrath earlier. On the Dáil record in 19 January 2011, you acknowledged that meeting that took place on 24 April 2008, one of your final events, as you said, as Minister for Finance, where you attended that dinner as a guest of the board of directors of Anglo. I'd just like to get maybe a bit...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: Mr. Drumm has alleged after the dinner in question, that arising from it, and I presume from discussions that he had with you, that he asked you to ask the NTMA to put deposits into the ... into Anglo. Are you aware of that allegation, I suppose, first and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: You didn't ... just to get clarification ... you didn't make any representations or did you to the NTMA as to putting deposits into them?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: Did you ever make any representations to the NTMA between the collapse of Northern Rock and the end of your tenure as Minister, to put more additional funds other than the ones that we've already discussed into any of the domestic banks?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: Okay. In 2011, when these allegations surfaced, Dr. Somers of the NTMA denied that you had put him under any pressure as alleged by Mr. Drumm in 2008. But he did say that in late 2007 there was some pressure at official level to put deposits into the Irish banks. Do you know of such pressure having taken place or being applied?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: Would it be-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: But would it be ... he was implying, or no, more than implying - stating, that officials of the Department ... official level, so either officials of the Department or people from Central Bank were putting pressure on him to do this. Like, would it be common practice that, I presume, senior officials - if they were dealing with Mr. Somers himself - would be taking such...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: Okay. I want to ask you now, Mr. Cowen, if you ... in your opinion, did the Department of Finance have the necessary expertise to produce its own economic forecasting reports and if so, did you give equal weight to internally-produced reports and externally-produced reports from sources like the ESRI and the IMF and the OECD in your time as Minister?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: Finally-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: Okay. I want to turn to the question this morning from Deputy Higgins about funding, political funding. You said that you were not personally beholden, or words to that effect, to any property interests but do you believe that your party was, before you became ... in the period before you became leader, personally beholden?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: You stated on the record that around 80% of funding for Fianna Fáil at the time would have been coming from personal donations and I think you mentioned national collections and draws and things like that from individuals.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: Well, we had an extensive presentation from Dr. Elaine Byrne in one of our very early sessions in the inquiry who ... she ... the document is J3582, document 7. It's her statement to the inquiry.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)
John Paul Phelan: Yes, it's J3582, document 7.