Oireachtas Joint and Select Committees

Wednesday, 22 October 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functions: National Asset Management Agency

3:50 pm

Mr. Frank Daly:

The options provided in the independent review indicated the best cash result given where we are and taking account of the current position in the market and the risk of it not remaining in that position.

On the point made earlier by Mr. McDonagh in regard to who is buying the assets, 88.5% are being bought by US funds. The questions that arise are will they stay here or go elsewhere and if they are not interested, what does that do to the market and who else comes in. These are the risks we had to take into account.

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