Results 4,201-4,220 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: On the National Asset Management Agency, in answer to a question from Deputy Eoghan Murphy, Dr. Bacon stated, perhaps jocosely, that he stopped having a serious interest in NAMA when he was no longer paid to have an interest in it. Several members, including me, have quoted media reports from 2010, 2011 and 2012 in which Dr. Bacon gave strong opinions and comments on the workings of NAMA....

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: In response to a question from Deputy Michael McGrath, Dr. Bacon spoke about a meeting chaired by the late Minister for Finance, Deputy Brian Lenihan, and attended by the usual suspects. Who were the members of the committee?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: That is fair enough. Where and when did the meeting take place and why was Dr. Bacon present?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: Dr. Bacon stated that it was a standing committee.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: One of the previous questioners referred to the report on banking crashes that Professor Ahearne produced for the Federal Reserve. Professor Ahearne referred to his meeting in August 2008 with the late Minister for Finance, Deputy Brian Lenihan, which was held in the Minister's office. Did any other officials or politicians approach Professor Ahearne in the period leading up to the banking...

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: There were no other discussions with any Ministers at the time that Professor Ahearne can remember?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: Can he rationalise the apparent decision of the academic economics profession to exclude the banking sector from economic modelling? This issue was raised by Senator O'Keeffe. It appears to be a glaring omission, even if I accept that we have the benefit of hindsight. Why was banking omitted from economic modelling?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: Last year, Professor Ahearne co-authored an IMF paper on economic surveillance. Can he briefly outline some of the principle findings of that paper, in terms of improving economic surveillance in the Irish economy? I think the paper was produced in July last year.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: I will refer briefly to the first part of Professor Ahearne's response. Does he believe the IMF's surveillance, and its report from 2006, exacerbated the problem because it was seen to give the all clear to an economy that was in difficulty?

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

John Paul Phelan: I want to refer to chapter 1 of the book, Brian Lenihan: In Calm and Crisis, which quotes Professor Ahearne as saying that a lethal expansion in credit had occurred due to borrowing by the Irish banks. Will the professor elaborate briefly on what he meant by "a lethal expansion". When does he believe that expansion became lethal? Can he put an approximate time on that?

Written Answers — Department of Communications, Energy and Natural Resources: Electricity Transmission Network (3 Mar 2015)

John Paul Phelan: 588. To ask the Minister for Communications, Energy and Natural Resources when EirGrid will announce its preferred route for the Grid Link project; and when announced, if there will be public consultation before the independent expert panel reviews the proposal. [9005/15]

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: I welcome Mr. McWilliams. As a pope's child myself, my first question relates to his book, The Pope's Children, published in 2005. It was this book, in many respects, which brought Mr. McWilliams to national prominence. One reference in that book particularly struck me when I reread it recently, namely, the statement that the decline of Germany had changed Irish psychology and was central...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: I will bring Mr. McWilliams forward now to the very early part of September 2008. In a radio interview on RTE's "Saturday View", he stated that a crisis was imminent in the Irish banking system and that at least one Irish bank would be closed before Christmas. He said in his 2009 book, Follow the Money, that he received a number of telephone calls from bankers in the wake of that interview...

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: To clarify, what was the nature of Mr. McWilliams's telephone conversations with those bankers?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: I have another question about Mr. McWilliams's radio interview in September 2008.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: Was the former Minister for Finance, the late Brian Lenihan, on the same panel or did Mr. McWilliams meet him that day in another part of the building?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: Did he, at that time, invite Mr. McWilliams to make further contact?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: About 11 days later on Wednesday, 17 September, Mr. McWilliams made a phone call to the Minister.

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: What was the nature of that phone call on Wednesday, 17 September, and what did Mr. McWilliams say?

Committee of Inquiry into the Banking Crisis: Context Phase (26 Feb 2015)

John Paul Phelan: In the phone call on 17 September that Mr. McWilliams made-----