Results 3,641-3,660 of 7,082 for speaker:John Paul Phelan
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Can I ask you were the ... was the Bundesbank aware of the possibility of a default by an Irish bank to a German bank, that week?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: You had no contact with-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Okay. I want to refer now to the core documents – Vol. 2, page 165, which was briefly referenced before lunch.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Oh, can I? Okay, sorry.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Okay, well I was told that it could go up, but okay, if it can’t go up. It is, Mr. Hurley, bullet points for a Cabinet meeting of 28 September 2008. There is a handwritten note at the end of that particular document as well, but in the end of the printed part it says, "Governor of Central Bank in touch with ECB." And the handwritten note at the end says, "As of 9 a.m. today ......
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: But no-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: You needn't go into specifics.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Was it one-on-one contact or was it ... was it this teleconference that’s-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Yes, okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Can I specifically then ... the comment is that the "Governor has not heard back from Trichet." That is the specific quote that I’m referencing. Was it that your calls were not returned or-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Okay, so you can’t shed any light really on what that comment means then, that you had not heard back from Trichet.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Okay, that is fair enough. Now, can I turn you to discuss the events surrounding the options presented by Merrill Lynch at a meeting in the Department of Finance on 29 September 2008. And if you could outline for the inquiry the options that were discussed that evening, with particular reference to how the final solution of a blanket guarantee was eventually reached?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: And the Merrill Lynch options that were outlined.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Yes, the Department of Finance, 29 September 2008. It is quite a well-known meeting.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Yes.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: I’m not allowed to reference things.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Can you outline for us the discussion that you did have then on the 26th with regard to the options that were outlined by Merrill Lynch?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Who else was present? Just as an aside.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (21 May 2015)
John Paul Phelan: Okay. I want to turn now to specifically the night of the guarantee itself ... and we had evidence from Mr. Goggin again, the former CEO of Bank of Ireland, who was the CEO at the time. You’re on page 22 and 23 of the transcript of that particular meeting, where he said that after discussing with his colleagues from capital markets in the treasury side of Bank of Ireland, he then...