Eamon Ryan (Dublin South, Green Party)

It also has taken time for the officials in NAMA to carry out their fundamental first task, which was to ascertain the scale of the losses. Real lessons were learned that banks do not necessarily present information in the timely and honest fashion that was need and that it was right for the Government to take the firm action of sending in independent analysts rather than trusting the banks. If it took a long time to get that work done, that partly was because the banks were not quick or straight enough in the presentation of information. However, from my distant review of their work, I believe the people involved from the State side in NAMA have done their work diligently, honestly and correctly. Nevertheless, it has taken time and that has been one of the difficulties.

However, one of the benefits arising from what has gone through today, as difficult a day as this is, is that we are coming to the end of this process. We have put a timeline on it and have created some certainty in respect of figures.

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