Results 3,441-3,460 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: I'm getting to the question, Chairman.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: Such a gathering of leading bankers and regulators and others took place. Do you have ... just in my remaining few seconds, do you now, with hindsight, believe that you should have been at, or the others from the regulator, not just yourself, should have been there in the room at that particular social gathering?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: Okay, thank you.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: Thank you, Chair. Briefly, Ms O'Dea, I just want to ask was the excessive credit growth that took place in the economy a matter that should have been covered or looked into or examined by the regulator or the Central Bank in the period which we are discussing?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: I only have two minutes left. I want to ask you, in relation to your time in the IMF, were you involved in reviewing the implementation of the bailout programme in relation to Ireland in that time?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: Yes, were you involved in-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: I don't want to get involved in, in details of discussions that took place but I do want to reference page 56 of the 9th IMF review, dated April 2013 states that: "Teams from the EC and ECB as well as Mary O'Dea and Michael Hough from the Executive Director's office participated in ... discussions".

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: Yes, that's fair enough. Did you find it strange to be acting for the IMF in its bailout review, in light of the fact that the bailout was necessitated by a banking collapse that took place following on from your time as a senior executive and board member of the Financial Regulator in Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: Strange or not-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: What were your views when that was happening?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: I understand, but my time is just elapsing. What were your own personal views? You had been a senior executive, as well as a board member at the Financial Regulator in Ireland, during the financial collapse. You were, I think, second in command in commercial banking in the Central Bank prior to your appointment to the consumer affairs division. What were your emotions when you were...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: Good afternoon, Mr. Roux. Can I ask you firstly how frequently do you meet with officials from the Department of Finance and how would you describe the nature of the relationship with ... that you would have with them?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: The nature of the relationship that you have with ... with those officials. How do-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: -----how do you interact I suppose really? Is it a full and frank relationship or what is it?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: Can I ask: do you judge the IMF country reports and OECD reports as an important information instrument to aid in bank regulation supervision and financial stability?

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: Okay. Finally, I want to turn to the area of whistleblowers, not just whistleblowers but the broadest possible interpretation of whistleblowers - people who have a contrarian view or even a significant difference of opinion with, maybe, senior staff ... people within the Central Bank. Is there currently in place within the organisation a structure for dealing with people who have a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: Well-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: And do you feel that that's a difference from how Central Bank used to operate in previous ... has there been a conscious effort, I suppose is the question I am trying to ask, to change the environment within the organisation or-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (10 Jun 2015)

John Paul Phelan: Can I also ask you then in terms of the highest level of contrarian view in terms of whistleblowers, is there a formal structure within the organisation for dealing with complaints from people in that capacity as well?