Results 41-60 of 309 for nama speaker:David Cullinane

Public Accounts Committee: Business of Committee (30 Mar 2017)

David Cullinane: I thank the Deputy. It is important, in the first instance, that we do not allow issues like this to become a sideshow or act as a distraction because this very much mirrors what happened when NAMA first came before the Committee of Public Accounts to deal with the committee's examination of Project Eagle. At the time there were unprecedented attacks on the Office of the Comptroller and...

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

David Cullinane: ...public service. What we saw since the Comptroller and Auditor General did his work was an unprecedented attack of such vicious nature on his office, on him personally and on his staff, by NAMA and by others. It was extraordinary. He and his staff have been vindicated and I believe the Committee of Public Accounts has been vindicated in the work that we have done. However, that...

Public Accounts Committee: Business of Committee (29 Mar 2017)

David Cullinane: To be fair, we should not respond to every media report on NAMA.

Written Answers — Department of Finance: NAMA Property Sales (28 Mar 2017)

David Cullinane: 100. To ask the Minister for Finance if he will proceed with establishing a commission of investigation into the sale of Project Eagle by NAMA; and if he will make a statement on the matter. [15506/17]

Questions on Promised Legislation (2 Feb 2017)

David Cullinane: I again put it to the Tánaiste that she needs to provide clarity on the need for a commission of investigation into NAMA because it was promised and committed to. The Tánaiste's response is inadequate. Yesterday, the Minister for Finance and Fianna Fáil put forward a straw man argument in respect of the Committee of Public Accounts. The Committee of Public Accounts is doing a...

Roads Funding: Motion [Private Members] (1 Feb 2017)

David Cullinane: ...motion speaks. Again, during Private Members' business, the relevant Minister is not present to hear all the contributions from all the parties. We had something similar this morning when we discussed NAMA and the Minister for Finance left after one or two speakers had made their contributions. Notwithstanding the presence of the Minister of State, such an approach does not pay...

Establishment of a Commission of Inquiry into the National Asset Management Agency: Statements (1 Feb 2017)

David Cullinane: It is clear rom the statement by the Minister for Finance today and also comments from Fianna Fáil that we are being primed for a row-back on the commission of investigation into NAMA and Project Eagle. I am a member of the Committee of Public Accounts which is examining the Comptroller and Auditor General's report into the sale of Project Eagle. That was a value for money report. Our...

Establishment of a Commission of Inquiry into the National Asset Management Agency: Statements (1 Feb 2017)

David Cullinane: I note the advice. With respect, I am making a statement of fact. We had a situation where a member of the Northern Ireland Advisory Committee of NAMA met with senior members of the DUP when he was due to be in receipt of a fixer's fee and a success fee, long before any reverse inquiry was made to NAMA by PIMCO. The origins of this deal were very clear. This is a corrupted process....

National Shared Services Office Bill 2016: Second Stage (25 Jan 2017)

David Cullinane: ...general directions in writing to the Office for any purpose in relation to the functions of the Office under this Act or for any other purpose in relation to the provisions of this Act, or any other enactment". I have a concern with the phrase "general directions". We know from NAMA and the Department of Finance that "general directions" is interpreted by the State as meaning, in effect,...

Public Accounts Committee: Policy on the Retention of Contemporaneous Notes in the Preparation of Board Minutes: National Asset Management Agency (14 Dec 2016)

David Cullinane: ...raised. I am not sure whether it was Mr. Daly or Mr. McDonagh who mentioned in some of the previous hearings, although I think it was Mr. McDonagh, that maybe improvements could be made in how NAMA records minutes, or maybe that is something NAMA could learn from. I refer to when Mr. Daly talked about what the minutes actually record and number 5 is an area which did not jump out in some...

Public Accounts Committee: Business of Committee (24 Nov 2016)

David Cullinane: On behalf of the members - if the members agree - Chairman, you should forcibly make the point to NAMA that we need whatever documentation it has not provided or information that was heavily redacted. NAMA has offered a justification as to why it cannot provide it but we need to be robust in asking again for information. Are you agreeable to taking such an approach, Chairman?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

David Cullinane: ...on a commercial basis means that one takes advantage of a good opportunity now to sell assets unless one has reason to expect that a better opportunity will come". I have no difficulty with that. NAMA also, though, has a responsibility to ensure that there is integrity within the process, does it not?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

David Cullinane: Mr. Daly understands that it is also one of NAMA's functions and roles. Mr. McDonagh would understand that as well, that integrity in the process is as important as the commercial aspect of it in terms of what NAMA gets. Would he accept it is as important?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

David Cullinane: Who within NAMA has responsibility for ensuring there was integrity in the process?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

David Cullinane: ...letter that was dated 8 November 2016. Mr. Daly does not agree with a number of what he calls important facts. He agrees they are important facts but does not agree that they were disclosed to NAMA. Is that correct?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

David Cullinane: ...sets out a number of important facts. The first fact that was not disclosed was that PIMCO was approached by Brown Rudnick and Mr. Cushnahan in April 2013. Mr. Daly says that was not disclosed to NAMA but he is not disputing that it happened. He is saying it is a fact, it could have happened but NAMA was not made aware of it. Is that Mr. Daly's view?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

David Cullinane: ...that Mr. Cushnahan was one of the organisers of the meeting in May 2013 at which PIMCO met with the First Minister and Minister of Finance in the North. Mr. Daly disputes that it was disclosed to NAMA. The third fact that was not disclosed was that PIMCO was approached by Brown Rudnick in June 2013. The fourth one is that PIMCO had sought confirmation from Brown Rudnick in 2013 as to...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

David Cullinane: I have to clarify this. On 10 March 2014 when NAMA was first made aware by PIMCO of the success fees, Mr. Daly was told about Frank Cushnahan's involvement.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

David Cullinane: ...fee on 10 March 2013 at that first board meeting. They expressed shock on finding out that there was an arrangement between Mr. Cushnahan, Tughans and Brown Rudnick. I find it extraordinary that NAMA would not have asked PIMCO of the when, who and how of that because when we asked that they volunteered the information. They gave us exactly the dates, the genesis of all of this. They...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

David Cullinane: ...That would have been very relevant. PIMCO is saying that he interacted with it when he was still a board member. One would try to establish those facts. The question I am asking Mr. Daly is did NAMA ask PIMCO when was its first association with Mr. Cushnahan?. Did NAMA ask that question?