Oireachtas Joint and Select Committees
Tuesday, 15 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Irish Stability Programme Update: Minister for Finance
8:45 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I will keep it to one question. It concerns the future of NAMA. The Minister appears to be disposed to an accelerated wind-down of NAMA, and there is a balance to be struck in assessing the factors that feed into that decision. Obviously, there is a review under way within the Minister's Department. The commercial property sector has recovered to some extent and conditions are somewhat benign but when will the review into the operation of NAMA be complete? Has the Minister any thoughts at this stage on the future of the organisation and whether he is favourably considering accelerating the wind-down of NAMA? Will it still be in place by 2020, which was originally envisaged?
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