Results 41-60 of 99 for nama speaker:Brian Stanley

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...

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

Brian Stanley: Given the hit that the taxpayer took, the conclusion must be that at best NAMA is achieving just under 50% of the par value of the loans. The net result is the taxpayer, the public, still needs to bridge that gap and pay that back. Our children and our children's children will pay it back. That is the point I am making. I take on board what Mr. McDonagh said about the amateurs. The banks...

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

Brian Stanley: How many vacant homes does NAMA have at the moment?

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

Brian Stanley: How many vacant housing units, finished or partially finished, does NAMA have on hand at the moment?

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: 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 Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: I will conclude. I thank the witnesses for joining us today and the staff in NAMA for the work involved in preparing for the meeting and the information provided today. I also thank the Comptroller and Auditor General, Mr. McCarthy, and his staff for attending and assisting the committee's work. Is it agreed to request the clerk to follow up on information and carry out any actions...

Public Accounts Committee: Business of Committee (28 Sep 2021)

Brian Stanley: .... The next matter on the agenda is the work programme. An up-to-date work programme has been circulated. Members will note that representatives from the National Asset Management Agency, NAMA, will be before the committee on Thursday to discuss NAMA's 2020 financial statements and special report 111, which concerns progress on the achievements of NAMA's objectives as at the end of...

Public Accounts Committee: Business of Committee (21 Sep 2021)

Brian Stanley: ...onto that. We have our second meeting with the HSE on its 2020 financial statements this Thursday morning at 9.30 a.m. The following week, on 30 September, we will engage with the National Asset Management Agency, NAMA, on its 2020 financial statements and special report 111 which concerns NAMA's progress on achievement of its objectives. At the end of the month, the Comptroller and...

Public Accounts Committee: Business of Committee (29 Jan 2021)

Brian Stanley: ...to come before the committee we can see the information he has. Is that agreed? Agreed. Next is No. 304B, which is from an individual dated 20 January 2021 raising concerns with regard to NAMA and its adherence to statutory provisions. As I understand that the previous Committee of Public Accounts in the Thirty-second Dáil wrote to NAMA regarding this matter and forwarded NAMA's...

Public Accounts Committee: Business of Committee (29 Jan 2021)

Brian Stanley: My note states that the previous Committee of Public Accounts dealt with this matter. It wrote to NAMA with regard to it and forwarded the agency's response to the committee. I propose to advise the correspondent accordingly.

Public Accounts Committee (2 Dec 2020)

Brian Stanley: ...other issues members want to raise in the remaining minute or two? Members are all happy enough. Tomorrow we will launch the report on the engagement with the National Asset Management Agency, NAMA, at 11.30 a.m. As that is not a formal meeting of the committee, this meeting is adjourned until 4.30 p.m. on Wednesday, 9 December, when we will engage with the Department of Justice.

Public Accounts Committee: 2019 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government (Resumed)
Chapter 11 - Social Housing
Chapter 12 - Land Aggregation Scheme.
Chapter 13 - Pyrite Remediation Scheme. (26 Nov 2020)

Brian Stanley: ...list and we do not have answers for such people. They are trapped for years. There are lands available. There are seven land aggregation scheme sites in County Laois, where they are transferred over into the NAMA for local authorities. They are there. Some of those sites are suitable. I also bring Mr. O'Connor's attention to a site being purchased by the local authority in...

Public Accounts Committee: Business of Committee (18 Nov 2020)

Brian Stanley: ...meetings of the committee. No. 179 was held over from the previous meeting and is from Ms Mary Lawlor, senior communications and public affairs manager of the National Asset Management Agency, NAMA, and it is dated 28 October 2020. She is providing information requested by the committee on Project Nantes, arising from a meeting on 8 October 2020. I propose to note and publish the...

Public Accounts Committee: Business of Committee (18 Nov 2020)

Brian Stanley: ...who have been made redundant. This item has been raised. The union alleges that the company that employed the workers has maintained that it was finding it difficult to operate because it needed NAMA’s authority to do its day-to-day work. As the letter is to NAMA and there is no specific request to the committee, it is proposed to note this item. Deputy Carthy had flagged this.

Public Accounts Committee: Business of Committee (18 Nov 2020)

Brian Stanley: The correspondence states that they cannot buy a bag of cement or shovel without the authority of NAMA. I am sure that is overstating it a bit but they are trying to make a point in the correspondence.

Public Accounts Committee: Business of Committee (4 Nov 2020)

Brian Stanley: ...Munster raised the matter outlined in item No. 152 B, correspondence dated 12 October from Mr. Derek Moran, Secretary General of the Department of Finance, in reply to our correspondence regarding NAMA on its policies and procedures in respect of promotions. It is proposed to note and publish this correspondence. Does Deputy Munster wish to speak? Given that there is so much...

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: This morning we are engaging with witnesses from the National Asset Management Agency, NAMA. I welcome our witnesses to today’s meeting and thank them for the briefing they have provided to the committee. The focus of today’s meeting is NAMA’s financial statements for 2019, and the Comptroller and Auditor General's special report 109 on NAMA’s management and...

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: 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 refer to the exclusivity of the offer to Clairvue. This is something that when it arises in practice always raises questions not just in respect of NAMA but also other bodies. If one is bringing a car for which one paid €4,000 to a car auction, and the first person one meets inside the gate offers €4,000 and one decides to take it and go home, it would not be good practice,...