John Deasy (Waterford, Fine Gael) | Oireachtas source

Almost everyone has been following what has been carried in the media on NAMA in recent days.

That is significant. Because the matter is so pressing, NAMA should be given an opportunity to respond to the committee immediately while these allegations are ongoing. It seems many people would like to see NAMA damaged and leaking information to the media is one way of doing this. We need to be careful and cautious in how we deal with this issue. The first thing we need to do is to give NAMA an opportunity to respond, even if that means inviting its representatives to the committee. I know that we only have one day left in this session, but it is important that we give them a chance to respond.

Today's newspapers report on the issue of undervaluing loans. I understand that under the NAMA Act, the Comptroller and Auditor General carries out a review and audit every three years of how loans are valued. I ask Mr. McCarthy if he has looked at this issue and, if so, did he find anything concerning how loans are valued?