Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

It is comforting to know that is going on. When I worked with Merrill Lynch the New York securities exchange commission said that if anybody trading in shares, and property is very close to that, was doing the audited accounts or working at a high level they had to provide information to the groups they were working for to allow them be scrutinised to ensure insider trading was not happening. If NAMA has organisations working for it or if they are dealing with organisations to purchase properties, whether it is in funds or anything else, I would be concerned that could be perceived as insider trading. It would not be too much to ask for the legal firms and the accountancy firms NAMA is dealing with, and the receivers and liquidators, to ask their employees on a six monthly basis to provide information on any property related activities to NAMA. It could be done in a confidential manner and it would give people that extra reassurance we seek. It is just a suggestion.

Can Mr. McDonagh give me NAMA's overall outlook on the Irish property market? Is there anything the Government can do to assist NAMA further than what it is doing already? To what problem would that refer?