Oireachtas Joint and Select Committees

Friday, 20 December 2013

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012

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12:10 pm

Mr. Brendan McDonagh:

I will mention one important point. In the recent liquidation of IBRC there is no prohibition on selling a loan back to a debtor. The rules applicable to NAMA are higher than the standard that applies in the current IBRC liquidation process.

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