Results 4,281-4,300 of 7,082 for speaker:John Paul Phelan

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

John Paul Phelan: The professor referenced a letter he wrote to the regulator in 2006 expressing some concerns. Did he have any written or verbal concerns that he raised with the Minister for Finance at that time?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

John Paul Phelan: Was that a conscious decision or why did that happen?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

John Paul Phelan: If Professor FitzGerald was writing to the regulator about these concerns in 2006, was there not a case to be made at that stage that those concerns should have been highlighted to the Minister for Finance?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

John Paul Phelan: In another answer earlier, Professor FitzGerald was speaking about the funding of the ESRI in his time there. He said that 30% of the funding now comes directly from the Department of Public Expenditure and Reform, DPER. In the period leading up to the collapse, 2003-08, the ESRI produced a property index in conjunction with one of the banks, Permanent TSB. Can I ask the nature of that...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

John Paul Phelan: Was it funded by-----

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

John Paul Phelan: Was that not on the face of it at least a conflict-----

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

John Paul Phelan: Can I ask in terms of the ESRI's economic modelling, has it ever been benchmarked against international standards from other European countries or even further afield?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

John Paul Phelan: In light of Professor FitzGerald's earlier answers that the model did not take into account financial services and the financial sector to the extent that it should have, has it been subsequently rectified? Until Professor FitzGerald left the ESRI, did the model reflect financial services?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

John Paul Phelan: Why did Professor FitzGerald and his colleagues not pay much attention to HERMES after the data changed in 1999?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

John Paul Phelan: I am going to ask one of the "discuss" type questions Senator Barrett mentioned earlier, because I do not want to be accused of asking a leading question. My question goes back to AIB. Early in 2006, senior economists within the AIB group approached Professor FitzGerald in regard to information on his analysis on the Central Bank stress tests and the professor subsequently had a meeting...

Committee of Inquiry into the Banking Crisis: Context Phase (11 Feb 2015)

John Paul Phelan: That is why it is a "discuss" question.

Written Answers — Department of Finance: Mortgage Lending (10 Feb 2015)

John Paul Phelan: 220. To ask the Minister for Finance when he will be introduce the necessary regulations to implement the recent guidelines for mortgage lending issued by the Central Bank of Ireland; and if he will make a statement on the matter. [5752/15]

Written Answers — Department of Finance: VAT Payments (10 Feb 2015)

John Paul Phelan: 237. To ask the Minister for Finance the amount of revenue raised in 2013 and 2014 from value added tax charged on newly constructed and sold residential properties; the number of new residential units involved; and if he will make a statement on the matter. [6061/15]

Written Answers — Department of Finance: VAT Payments (10 Feb 2015)

John Paul Phelan: 238. To ask the Minister for Finance the likely cost, in terms of tax foregone, of reducing the rate of value added tax on newly constructed and sold residential properties from 13.5% to 9%, based on the number of these units on which value added tax was charged in 2014; and if he will make a statement on the matter. [6062/15]

Customs Bill 2014: Second Stage (Resumed) (5 Feb 2015)

John Paul Phelan: I pick up where Deputy McLoughlin left off. I thank the Customs and Excise service and An Garda Síochána for their efforts in protecting our borders commercially. The Deputy pointed out that they may need more resources. I know there is a constant demand on Ministers for more resources. I will make that point later in my contribution. We are dealing with legislation in the...

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

John Paul Phelan: I welcome Professor Black. To continue the point the Chairman just asked him about auditors, he said in his opening statement that we are still operating under the same accountancy rules today as we were six or seven years ago. Will he outline for the committee the changes to those rules with regard to external auditors that could be made?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

John Paul Phelan: Who should operate the relegation?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

John Paul Phelan: I refer to the answer Professor Black gave earlier to the first question asked by the Chairman about the growth rate in banks' balance sheets. Professor Black spoke about the 25% cap in the United States. Wearing two of his four caps that he mentioned at the start in terms of economics and regulator, what does he believe is the optimal sustainable growth rate for a bank?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

John Paul Phelan: Professor Black has written extensively, and it was touched on earlier, about this perverse compensation and employment incentives within banks. Does Professor Black have a view as to how the remuneration systems within financial institutions should be run differently from the way they have been?

Committee of Inquiry into the Banking Crisis: Context Phase (5 Feb 2015)

John Paul Phelan: With regard to financial reporting by banks and other financial institutions, does Professor Black believe they should be treated the same as other businesses in providing quarterly stock market reports and results or can a case be made to treat them differently?