Results 3,781-3,800 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

John Paul Phelan: Okay. Can I change, for my last few minutes, onto the actual nature that the audit of Ulster Bank Ireland would take within Deloitte in terms of the numbers of people who were involved, the grades ... I don't want to know anything about individuals other than, you know, roughly speaking, what ... how many people from different grades within the organisation of Deloitte would be involved...

Committee of Inquiry into the Banking Crisis: Nexus Phase (13 May 2015)

John Paul Phelan: Okay. A perception, correctly or incorrectly, may exist in some quarters that significant numbers of very junior staff are involved in the auditing process of some of the institutions. I just want to ask in relation to your own ... but I also want to ask, in relation to the staff and the level that they would be at within the organisation, how do you square the conflicting interests of the...

Written Answers — Department of Environment, Community and Local Government: Proposed Legislation (12 May 2015)

John Paul Phelan: 596. To ask the Minister for Environment, Community and Local Government his plans to bring the Residential Tenancies (Amendment)(No. 2) Bill 2012 before the Houses of the Oireachtas; and the envisaged timeframe for its implementation to provide, inter alia, for the inclusion of the approved housing body sector within the remit of the Residential Tenancies Act 2004. [18545/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: Thank you, Chair, and good morning, gentlemen. A few questions for you following on from your statements. First of all actually I want to ask you both, Mr. McCarthy when he was here yesterday indicated to the committee that he had had some contact with Ulster Bank in preparing his opening statement. I'd just like to ask you maybe both to clarify the extent of any help from Ulster Bank in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: I want to turn then to, in fact either of you can answer this particular question, it relates to events surrounding the guarantee. On the night of the 29th, we know now that there was extensive conversations involving officials at the Department of Finance on 29 September 2008, Minister for Finance, Taoiseach and representatives of AIB and Bank of Ireland. Were either or both of you aware...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: Fair enough.

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: You did not make any, or did you make any representation as to the nature of the guarantee? Following the announcement, the legislation took a few days to pass, was there -----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: Okay. Can I ask then, Mr. Gallagher I suppose is the most relevant person to ask, in relation to the guarantee itself, Mr. McCarthy yesterday in evidence spoke about the predatory behaviour of certain institutions in or around the time of the guarantee and I want to quote him directly. He said: ...pretty quickly after the guarantee was announced there was predatory behaviour on the part of...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: All of the other institutions or-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: Okay. He also said on the same point yesterday ,about consolidation in the banking sector ... and I want to quote him directly again, he said "There was some conversation subsequent to the guarantee about institutions merging and doing, you know, transactions. I think there's been some evidence to the committee about that and there were some conversations held with us as to whether we, as...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: Mr. Torpey, are you aware of any loans or terms offered to borrowers which would be considered outside the normal commercial terms available at your institution in Ulster Bank Ireland made during the period of your tenure and if you could maybe clarify for the committee any of the ... or some of the reasons why those terms were granted?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: Can I ask you specifically, and I know we can't ... we had a discussion about this yesterday in relation to the Dublin 4 hotels site and we are not going to get into the personal information or details of those who were involved. But, yesterday Mr. Boucher, under questioning from Deputy Higgins, said that a letter which he wrote in support of that particular project - a planning letter - in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: Mr. Gallagher, you were present at the time when you were chief executive of the corporate division. Did you have any involvement in that particular decision to fund that particular project?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: I'm going to change to the matter of 100% mortgages, and we've had a lot of evidence from previous witnesses as to the introduction of that particular product. And I want to put you particularly a quote from Mr. Brian Goggin, former chief executive of Bank of Ireland, who gave testimony to the inquiry last week on the product, and he said, and I quote: The pioneers of 100% mortgages was...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: Do you have any views, Mr. Gallagher?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: Okay. Can I ask, Mr. Torpey, how ... like, what is your own feeling? We've heard evidence from a number of witnesses that Ulster Bank were the instigators of marketing the 100% mortgage product for the first time, and perhaps it was available to certain categories of individuals in other institutions. But others from other institutions have come in here and firmly pointed the finger at...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: Was there any ... Mr Gallagher, you expressed the view that ... you were a member of the board at the time, and you expressed some regret about the 100% mortgage ... was there any discussion at board level or any opposition, any alternative views offered when the prospect of offering 100% mortgages was first discussed and a decision was made. Did anybody raise any concerns as to the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: Was there any subsequent discussion?

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: That's grand, yes. I want to move to core document, gentlemen, UBI - B2, at page 16. It's a memorandum to the board for a meeting in August of 2007, authored by Mr. Torpey. It's particularly a reference to sectoral limits, and there's a quote in it that I ... under the heading "Background", and was referenced yesterday in discussions with Mr McCarthy: "In recent weeks, the Irish Financial...

Committee of Inquiry into the Banking Crisis: Nexus Phase (7 May 2015)

John Paul Phelan: So, effectively, because of the nature of your parent organisation, Ulster Bank was ... second part of my question, Ulster Bank was in a position to lend more aggressively into the property sector in Ireland than maybe some of its competitors because of the capital position of its ... of its parent?