Results 4,001-4,020 of 7,082 for speaker:John Paul Phelan

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

John Paul Phelan: I will.

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

John Paul Phelan: So the note from the night of the guarantee from the Department of Finance, which referenced Mr. Sheehy as using the phrase "disaster bankruptcy", you've no recollection really of that happening at all?

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

John Paul Phelan: Yes.

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

John Paul Phelan: Yes.

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

John Paul Phelan: Yes. I was going to ... I was going to reference, Mr. Gleeson, the end of your statement, 23-page statement, on paragraph 96, page 23.

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

John Paul Phelan: Yes.

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

John Paul Phelan: Yes, the written statement for today.

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

John Paul Phelan: You said, and I quote, "there were decisions made in AIB which made things worse than they need have been for Irish citizens". What were those decisions?

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

John Paul Phelan: Do you believe that you bear any responsibility?

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

John Paul Phelan: In light of the fact, 2004 Mr. O'Leary was raising concerns, at least, that were referenced in minutes, which have been given and now put to you at this, at this meeting. 2006, there were similar minutes that spoke about concentrations in particular sectors and how the guidelines of the Financial Regulator were being breached, and it went on into 2007. And as late as September 2008, you...

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

John Paul Phelan: What-----

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

John Paul Phelan: Thank you.

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

John Paul Phelan: Thank you, Chair. Mr. Gleeson, I have two areas that I want to cover so I'll be as brief as I can and I hope you can be too, time is ... the Chairman is strict. What did you see as the main purpose, Mr. Gleeson, of the round table ... the main outcome indeed ... the round table discussions that took place with the Central Bank post the publication of financial stability reports in 2004?

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

John Paul Phelan: The other thing ... point that I wanted to make briefly in relation to Deputy Higgins's question - and you've mentioned it several times - about good customers crossing the streets of provincial towns.

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

John Paul Phelan: I know but Anglo Irish Bank did not have a commercial network in provincial Ireland.

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

John Paul Phelan: You repeated it a number of times in answer to different-----

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

John Paul Phelan: The final area that I wanted to touch on is the issue of directors' compliance statements. I was interested in your comments earlier. You referenced Professor Ahearne's testimony where he spoke about the need for, you know, more firm regulation.

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

John Paul Phelan: You were often quoted in the media, prior to the collapse, as being one of the leading bankers who did not, to say the very least, favour firm regulation. Now I want to put a direct quote-----

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

John Paul Phelan: -----I want to put a quote to you from The Irish Times, 1 August 2005, an article titled "Big banks oppose vetting of financial manners ... managers". On the issue of directors' compliance statements, which the financial regulatory authority had started a consultation process----

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

John Paul Phelan: ----first, firstly did you take part in the consultation process as chairman of AIB?