Results 3,141-3,160 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Where she outlined an analysis that she had conducted of the Standards in Public Office Commission's declarations of donations. And it was from 1997 to 2007, so it was the period that we're discussing and a bit before that ... where she outlined that 35% of donations to Fianna Fáil were from ... and I want to quote it correctly, "property and construction interests", €635,970;...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: It's ... it's to the party, but it's a ... a culmination or an aggregate ... it's an aggregate. I'll read her full statement here: That Fianna Fáil candidates were the beneficiary of more disclosed donations than candidates from other parties is not surprising because [proportionately, they had more candidates running] ... Of the 466 [she gave this as an example] candidates that ran...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Yes. That's-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: It's an aggregate of ... of the candidates.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: That's okay. No, I just wanted to clarify.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: The full breakdown for the information of the inquiry, it's on page 11 of her opening statement: 35% of donations disclosed to Fianna Fáil between 1997 and 2007 were from property and construction; 20% from other business interests; 13% from individuals; 9% from the hotel sector; 5% from banks and financial services; 7% from the motor industry; and another, I think, 11% between other...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Do you believe that the fact that 35% of funding for Fianna Fáil candidates in that period was coming from the construction and property sector had any bearing on their opinions, their views as to decisions that Government would make at that particular time with regard to the property and development sectors?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: They were ... it's aggregated Fianna Fáil candidates. They were all members of the Government-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: -----and they were-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Would ... would other members of the parliamentary party not have an influence on decisions? When you were a Minister did you ever listen to an opinion from a backbencher or a Senator?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: I would have thought so.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Thank you, Chairman. Mr. Cowen, just a couple of clarification matters on questions that I asked earlier and I'm not trying to be repetitive but I just want to get things straight in my own mind. The night of the dinner in April 2008. I think you said in response to me that one executive made comments about the Anglo business. Who was the executive and what were the comments?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: And again, just for clarification, Mr. Cardiff has given evidence that it was around that time that Mr. FitzPatrick was floating the idea of a guarantee, whether it be political or otherwise. There was no discussion on that night, or was there, on that possibility?

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Again, in relation to your dealings with Mr. Gray, can I ask you ... I can't get into obviously today the phone call on the night of the guarantee itself. I'm not going to go into it. But I do want to ask: did you seek his advice on a systemic threat to the financial sector or, indeed, specifically, difficulties concerning any individual institutions when you were Minister...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Okay. I want to ... I suppose a continuous thread from this morning and this afternoon is that you have presented, and I don't have any reason to doubt you, when you were Minister for Finance that you took a very hands-off approach in relation to prudential regulation matters, and that, you know, when the ... Senator O'Keeffe questioned on contracts for difference, that it was handed to...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: And notwithstanding that, though, your role as Minister-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Jul 2015)

John Paul Phelan: Well, my final question then is: do you feel, in light of that explanation, that while you were Minister for Finance that the Central Bank or the regulator, or both, let you down in terms of the advice that they were giving you, and in terms of, you know, the role that was given to them by the Oireachtas to perform, which ... they didn't identify the looming crisis which really emerged in the...