Derek Nolan (Galway West, Labour) | Oireachtas source

One of the issues that has featured in media reports that many people are talking about is the number of people who are leaving NAMA to work for private equity and property investment companies which are investing in the Irish market. There is a perceived conflict of interest in people leaving an organisation which manages one of the largest property portfolios in the world to go to work for private companies with which they may have had dealings in the past. What is Mr. McDonagh's view on that? It seems to me that the people who are working for NAMA have a huge amount of knowledge. As Mr. Daly said, NAMA has prepared, until 2020, an analysis of how its portfolio will be disposed of, how it expects its cash flows to pan out and how each of the 800 debtors will be dealt with.

It has built a base case in that respect. Senior people in the organisation have a very good knowledge of how NAMA will operate until it closes in 2020. Therefore, they have a large level of knowledge of the future development of the Irish property market. When they leave to work with people who are investing in the Irish property market, is there a conflict of interest? Are they being hired because they are working for NAMA and have insider information?