Results 3,901-3,920 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Were there actions taken on foot of the presentation?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Thank you, Chair. Mr. Duffy, welcome. Following on from the discussion before we broke with the Chairman, I want to raise the issue of solicitors undertakings. It was raised with Mr. Gleeson and Mr. Forde last week. I want to, I suppose, try and get a handle on how many of these outstanding matters in relation to loans that were entered into prior to your time in AIB, still remain on the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: And in relation to your own experience, would it be ... would it have happened before that six or seven years later this issue would still be not fully resolved, at least?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Are you satisfied that a system is in place now or are you not satisfied - I can't ask the leading question - that this cannot recur again in Allied Irish Banks?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Can I ask in relation to a question asked by Senator D'Arcy in relation to the growth targets for AIB in the years prior to you coming into your position, you said and I quote: "I'm not sure that growth targets are the way to manage a bank, rather capital levels and liquidity". I'm asking you really for your opinion as to the previous holders of your position, do you believe that they held a...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: As a matter of interest, since you've become chief executive of AIB, have you had any discussions with either of the two previous witnesses today, Mr. Buckley and Mr. Sheehy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Okay. I can ask you then again in relation to your previous experience ... this morning and last week and I refer to core document AIB B1, Vol. 1, page 87 ...sorry, I should say AIB B1, Vol. 1, page 16, in 2004 Jim O'Leary, who is an economist who was board member of AIB at the time, raised the issue of credit concentration in the construction and development sector. This morning under...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Okay, I want to refer to AIB B2, Vol. 1, page 6 ... previous speakers have referred to it. It's a reference to the then standards that existed, the Central Bank's licensing and supervision requirements and standards for credit institutions. And, this was particular focus on the 200% threshold for lending into one particular sector of the economy and 250% for two related...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: Can I ... can I ask you, in terms of an indication given by a financial regulator that standards had been breached, again this is ... I suppose is a reference to your previous experience ... would it be common practice that the chairman and the board would not act to ensure that the breach would be addressed, or would it have been common practice that, you know, such rules would be seen as...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

John Paul Phelan: A final, brief, last question. As somebody who has vast experience before you came to AIB, and having looked back at, I'm sure a number of the loans that were made, maybe the larger ones in the period 2003 to 2008, by the bank, do you believe that any of the lending practices engaged by AIB in that period were reckless?

Written Answers — Department of An Taoiseach: Live Register Data (28 Apr 2015)

John Paul Phelan: 39. To ask the Taoiseach the current live register figures for Ferrybank in County Waterford; and the live register figures for January 2011, January 2012, January 2013, January 2014 and January 2015 for the same place. [16707/15]

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

John Paul Phelan: Thank you, Chair. Good morning, Mr. Gleeson.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

John Paul Phelan: I want to refer, at the start, to 2004, and to core document, AIB B1, Vol. 1, page 16. It's a minute, again, of a board meeting from 13 January 2004, where Jim O'Leary, who was then-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

John Paul Phelan: It's the only item on that page that isn't redacted.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

John Paul Phelan: Jim O'Leary, then a board member of AIB, suggested to the board at that meeting that a review of lending practices into the construction sector needed to take place, and I noticed earlier on in your opening statement that you were-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

John Paul Phelan: -----vehement, or strongly, at least, pointed out that minutes tended to reflect decisions, and I just wanted you to outline perhaps firstly why you believe Mr. O'Leary brought that issue up on 13 January 2004.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

John Paul Phelan: Can I ask you then in light of the fact that minutes were made to reflect decisions, as you said, when did the review take place?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

John Paul Phelan: Okay. Can you recall, at that particular time, and I suppose I'm trying to get to the point-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

John Paul Phelan: -----in '04, were there concerns raised by others on the board. Did you have concerns yourself about concentration of lending in particular sectors or, indeed, by senior management of AIB?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

John Paul Phelan: Okay.