Results 1-20 of 99 for nama speaker:Brian Stanley

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Brian Stanley: On the social housing question, there are 3,800 properties identified, and 2,000 assessed. There is demand for more than 1,200 but I understand the qualification which applies, that what NAMA is dealing with is the demand from the voluntary housing associations, and they have indicated to NAMA 1,200 properties between them and local authorities. I understand only 70 properties have been...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Brian Stanley: It is reported the operational costs of IBRC are 50% more than NAMA for 2011 even though NAMA has a much larger loan portfolio. I recognise the bank's operational costs have fallen from €157 million to €129 million, a fall of 18% in the last year. Is IBRC, despite its small loan portfolio, less efficient than NAMA? Is that why operational costs are so high?

Written Answers — Ministerial Appointments: Ministerial Appointments (22 Feb 2012)

Brian Stanley: Question 32: To ask the Minister for Finance if he intends to appoint someone from a company (details supplied) to the National Asset Management Agency, NAMA, advisory board; if he will outline if such an appointment will be made from the advisory company or the investment company; if he believes a conflict of interest will arise as a result someone from this company being on the NAMA...

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Brian Stanley: I have some questions for the chairman of the board of NAMA. NAMA informed Avestus of the €125.5 million repayment target it aimed to achieve, and Avestus was given six months to meet that target. Despite the importance of that exchange, NAMA, as far as we can ascertain, did not document that communication process or put the proposal in writing to Avestus. As the chairman of the...

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: Deputy McAuliffe is as láthair as well and Deputy Carroll MacNeill has not joined us yet but may later. I have a few questions for Mr. McDonagh myself. On the overall performance of NAMA, the €74.4 billion was the par value of the loans at the point when the agency acquired them. It got them at a 60% or 57% discount and €31.8 billion was the cost in public money. Mr....

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: As the chief legal officer of NAMA, was there any contact between his section in NAMA and An Garda Síochána and the chief superintendent?

Local Authority Housing (17 May 2011)

Brian Stanley: My concern is this: if the taxpayer is footing the bill for NAMA, where is the dividend for the people? I note that the Minister of State is raising the issue but this needs to be pursued vigorously by Government. The public is bankrolling NAMA. We are bankrolling the banks.

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: It was revealed this morning that 1,400 NAMA units are in Housing for All. Obviously, NAMA has been dealt the hand it was given on this one. The fact that they are already in the social housing stock is disappointing to say the least. Some Deputies have indicated they wish to come back in. Deputy Catherine Murphy has three minutes.

Public Accounts Committee: Business of Committee (11 May 2023)

Brian Stanley: ...Inland Fisheries Ireland to come before the committee. It is a somewhat depressing matter. I ask members to take that into consideration. If we invite Irish Water, that would mean putting either NAMA or Inland Fisheries Ireland off until the autumn. Perhaps the NAMA report could wait until one of the first sessions in September..

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Brian Stanley: I refer to commercial properties and the fact that NAMA has taken on responsibility for the loans against them. These properties are lying vacant and being vandalised. For example, in Portarlington, there is a large factory which at one stage provided significant employment, but it lies vacant in a good location with security on it ceasing one year ago. It is being vandalised, but NAMA...

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: Okay, that has been explained clearly. What Mr. McDonagh is telling me is the Troika basically told the Government, which in turn told NAMA, to get on with the sales and the agency lost €4 billion in the first three years. It is generally accepted, if you look at the trajectory for property prices and value over, say, the past ten years, that there has been a fairly rapid rise back...

Other Questions: NAMA Social Housing (5 Feb 2013)

Brian Stanley: On question No. 193, the problem is that the State, through the taxpayer, is taking on the liability with NAMA. As Deputy Ellis indicated, NAMA is a State company which means it is owned by the citizens of the State. The problem is that we have taken on the liability but now NAMA seems to be in hock to the developers, in the sense that it is leasing from them. I have a suggestion that...

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: I accept that it is a difficult one. I said that at the start. I can see that NAMA had a limited number of tools but what is infuriating is the fact that this was allowed to happen. In normal circumstances, these assets would have made multiples of that. I understand that NAMA had some tools as did the liquidator, An Garda Síochána and the local authority but between everybody,...

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: I thank Mr. McDonagh. We will return presently to other Deputies who might have follow-up questions. To return to the overall sums, the par value is €74.4 billion, having been bought by NAMA for €31.8 billion. The agency has a surplus of €4.2 billion and that will, one hopes, go closer to €5 billion, although that still leaves us in the region of almost...

Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)

Brian Stanley: ...co-operation and the assembly in the North to be up and running. This is my understanding of it. With regard to the Poolbeg site, a development consortium acquired an 80% shareholding in it. NAMA had held 100% of it. The figure was approximately €200 million. NAMA sold the 20% minority shareholding in that company. Is that correct?

National Asset Management Agency: Motion [Private Members] (20 Oct 2015)

Brian Stanley: I welcome the opportunity to speak on this motion. We heard the allegations and concerns about the sale of the Northern Ireland loan book of NAMA. Major concerns have been expressed in the House and there have been allegations about people receiving payments from American companies which wish to acquire assets held by NAMA in the North. In April 2014 Cerberus bought Project Eagle for...

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: So 2.5% extra will not terrify them. Is that what Mr. O'Kelly is saying? I thank him for that. I want to move to the issue of NAMA. I know it is not particularly under the remit of the NTMA but, obviously, what has happened there is connected to a lot of its work. I thank the NTMA for the information and the map it sent to us in preparation for this meeting. While it has its own...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Brian Stanley: ...bonds and €2 billion were unsecured. As I understand it, Mr. McDonagh would be confident of recouping the secured bonds. In the case of the €2 billion subordinated bonds, it is more or less an aim of NAMA to recoup them. In that regard, there would be a concern that NAMA, and ultimately the taxpayer, could take a hit on those €2 billion in bonds. Have we any way of...

Ceisteanna - Questions - Priority Questions: National Asset Management Agency (4 Dec 2012)

Brian Stanley: I thank the Minister of State for her reply. I acknowledge some good work has been done in respect of NAMA houses and houses in unfinished estates with the money used for safety purposes. However there is a problem with the houses themselves and not the infrastructure in that a promise was made that many housing units would come on-stream for social housing. If I heard the Minister of...

Public Accounts Committee: Business of Committee (4 Nov 2021)

Brian Stanley: ...Lawlor, senior communications and public affairs manager with the National Asset Management Agency, dated 18 October. It is information requested by the committee arising from our meeting with NAMA on 30 September 2021. NAMA states: Approximately 2,450 units were deemed unsuitable or were not required by local authorities at the time. Such units were then offered to the open market...