Results 3,841-3,860 of 7,082 for speaker:John Paul Phelan
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
John Paul Phelan: Can I ask just for clarification on what is the legal ... I'm asking for his opinion now on that particular investment. It's the most renowned property investment that happened at the height of the boom. I don't ... I'm not looking for personal details of why the decision was made at the time, but can I just get some clarification on-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
John Paul Phelan: Okay, well look-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
John Paul Phelan: I won't ... I won't ... I won't pursue it, but it is, you know, I just wanted to put on record, it's probably the most significant property investment that happened at that particular juncture. Can I ask you, Mr. McCarthy, did you ever seek to have Ulster Bank loans transferred into the National Asset Management Agency provisions when it was established?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
John Paul Phelan: Okay. I want to again refer to a line of questioning that previous questioners have referred to, which is the sectoral limits, the 250% limit that was increased to 500%. We've had evidence from previous witnesses, most notably Mr. Gleeson, among others, who have observed that these sectoral limits, as set out by the regulator at the time, were guidelines more than limits. I just wanted to...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
John Paul Phelan: You didn't breach it at any-----?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
John Paul Phelan: Okay. My final question, again, I can't remember who asked you the question earlier about your personal view on the guarantee, and I'm conscious of the fact you mentioned that you had a meeting with Mr. Lenihan on the day after the guarantee, but you didn't answer the question with relation to your own view as to the guarantee. Can you ... are you in a position to give the committee an...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
John Paul Phelan: What were your superiors in Royal Bank of Scotland ... can you give us any insight into what they were saying to you at the time in relation to the impact of the guarantee ... or was ... are you at liberty to divulge that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
John Paul Phelan: And did you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)
John Paul Phelan: -----or any other employees of Ulster Bank have subsequent meetings with Minister Lenihan or others ... officials of his Department about ... about pursuing that?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
John Paul Phelan: Thank you, Chair. Good afternoon, Mr. Goggin. Time is limited so-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
John Paul Phelan: -----I'll be as brief as I can in the questioning and I'd ask you to be as brief as you can while answering. I want to turn you to document Vol. 1, C3b, page 3.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
John Paul Phelan: Page 3. It's the first kind of page of information. It's a court minute extract, 3 October 2008.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
John Paul Phelan: You're referenced at the top of the second paragraph yourself. And in it, at the bottom of that paragraph, there's a quote attributed, I assume, to you, which says that, "$20bn of Group borrowings [...] was due to mature over the next 60 to 90 days and was considered unlikely to roll over." This is about a week after the guarantee. I'd ask you maybe briefly to elaborate on that sum and...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
John Paul Phelan: That's okay. Can I ask you to turn to the next page, page 4-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
John Paul Phelan: -----where again I think it's a reference to yourself, where you say that eligible-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
John Paul Phelan: The first paragraph.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
John Paul Phelan: You explained how your own liquidity profile, which you could see, "eligible collateral exhausted in 30 days if markets remained closed." I think it's in the middle of that paragraph. And there is a further quote that I want to make at the end of that paragraph on this point the CEO, yourself, and the chief financial officer "sensed a marked reluctance on the part of the CBI [Central Bank of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
John Paul Phelan: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
John Paul Phelan: And the issue of whether... why they were less informed or less well informed than they should have been, can you-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (30 Apr 2015)
John Paul Phelan: What led you to believe that?