Results 4,021-4,040 of 7,082 for speaker:John Paul Phelan
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Okay. Well I want to put this particular quote in excerpts of what you wrote in opposition to it, you reported in that article that I mentioned, 1 August 2005, The Irish Times, as stating that it would have, and I quote, " a chilling or discouraging effect on good tax compliant and law-abiding candidates who would simply prefer to maintain their privacy." I want to know do you stand over...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Good example there, all statutory regulations and rules. The rule that was mentioned early on about the 200% concentration and 250%, you were not in compliance with that, and if, if that requirement-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: I know, I understand. But if it came out of this consultation, which you are on the record as having opposed, would that not have been a beneficial development?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: That's not-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: There's significant differences, that's the point.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Thank you Chair. Mr. Forde, I have a few questions also. I want to refer to the evidence given earlier by Mr. Gleeson. In his testimony he was asked about AIB being caught in the wake of Anglo, and to quote him directly, he said "we tried not to be brought in the wake but in many ways we were." I just want to know, in terms of your role, as managing director of AIB from 2002 to 2009, in...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: There was no real discussion about Anglo or other specific competitors in terms of the Republic of Ireland business that you were managing director of.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: In response to Deputy McGrath ... he asked about lending concentrations in particular sectors and you said that they were frequently under discussion. You also said that there wasn't decisions, I suppose, taken as to how to change that. You outlined that one of your roles specifically was to diversify. How successful were you and the Republic of Ireland operation in terms of that attempt...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Deputy Murphy asked ... was first, I think, to ask the question about sectoral ... the levels of lending into specific sectors, and you said - it was an interesting direct quote again - that the board "wrestled" with this issue about ... can you outline to the inquiry the nature of that wrestling? And, in the sense, is it not ... I don't want to put words in your mouth or be accused of...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: But didn't take any particular ... or did they take particular action?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Okay. That's-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: No, my time is limited, and-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Yes. Okay.
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: I want to specifically refer to the standards of the Financial Regulator at the time. And I ... Basel II has been mentioned a lot and the transformation that was taking place within AIB and maybe other organisations at the time, but did those rules still stand or not with regard to sectoral lending, the 200% figure and the 250% for related sectors, and the fact that AIB was at least one...
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: Who led you to believe?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: At the time, though, did ... who was leading you to believe it or was this an issue that you were wrestling with yourself at the time?
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: The fact that AIB was so over the thresholds, which are described as standards in AIB's own document-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: -----which I quoted at-----
- Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)
John Paul Phelan: I know. You were ... I'm asking you specifically as managing director of operations.