Results 3,301-3,320 of 7,082 for speaker:John Paul Phelan
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: I asked-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: I asked a whole load of different questions.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Thank you, Chairman, and welcome, Mr. Moran. We're a bit later starting I think than scheduled but you're welcome. A couple of things from your opening statement that I want to refer to at the start, and I want to quote you directly actually. You said, "My own [personal] experience was to suffer what I still consider to be unacceptable interference by the media into my personal life." I...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Do you have any views as to how it could be ... how such interference - unacceptable interference, as you say - could be-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Can ... can I follow on from that? You outlined a difficulty, as you see it, with the operation of ... of Cabinet meetings in terms of the availability of senior civil servants to contribute. How would you envisage Cabinet meetings operating if the list of people which you mentioned were to be all present and contributing? And, in effect, does the current system not allow for senior civil...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Okay, well that's-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Okay. I want to turn briefly to a couple of general questions about IBRC, which we can ask general issues. And I want to reference a quote from The Sunday Business Post, 26 April 2015, Mr. Mike Aynsley, former chief executive, stated, and I quote, "I don't think it's a secret that I don't get on at all well with John.", end of quote. It's 26 April 2015.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: No it's ... no it's a reference to his period ... the previous period-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Sorry, Chairman, this was ... this ... the question was sent to the inquiry and was legally proofed.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Why do you believe he didn't get on well with you?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: No, it was ... it was you.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: I'm ... I've no intention of bringing you into the commission of ... it's ... that's why I'm keeping it as general as possible. I have a further quote from as far back as October 2011, from the former chairman of IBRC, Mr. Alan Dukes, where he referred - it's letters that have been made public ... refers to bad blood between the Department and his management team which he said, and I quote...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Okay. I now want to ... well, actually, sticking again with the ... with the legally-proofed questions for IBRC, I want to refer-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Well, look it, I'm not trying to ... I'm not trying to catch you out in that sense, Mr. Moran. Liquidation of IBRC was discussed in an EMC paper, dated 10 October 2012 ... the transaction proposal ultimately planned to replace the promissory note with "long-dated Government bonds" and this was seen as vital to avoid a funding cliff in the near term. Can you comment on the reaction of the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Okay. As a follow on, there is a memo from the Department of Finance to Government dated 6 February 2013, regarding the IBRC liquidation and promissory note settlement, seeking a decision to set in motion the liquidation of IBRC. The direct cost of proposed liquidation is estimated by KPMG to be of the order of €30 million to €35 million. What process was there within the...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Okay. Briefly, in your opening statement I want to just put one more quote to you, "Another surprise was to discover that former governments seemed, at least so the story goes, to have discouraged [or] (even banned) the idea of meetings [between] secretary generals as a group to discuss policy unless [the] Ministers were present." Who told you that these meetings were banned or how did you...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: No, that's fine.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Thank you, Chair. Briefly, Mr. Moran, as somebody who is often portrayed as an outsider to the Civil Service, after your arrival to the Central Bank and subsequently into the Department of Finance, did you ... well, firstly, did you believe that you had an advantage or disadvantage because of your private sector background in entering those positions and, particularly, becoming Secretary...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: Thank you, Chairman. Goodnight, Mr. Moran.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (18 Jun 2015)
John Paul Phelan: You seem ... you seem to indicate in your statement that for the period 2003 to 2008 the Department was reassured by the absence of any reference in the letters from Central Bank Governor to a slowdown in housing and a favour ... and by favourable assessments from international bodies such as the IMF. Professor Honohan, however, states that, and I'm quoting him here, "Even before the failure...