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

5:40 pm

Mr. Frank Daly:

No, we do not specifically ask what they intend to do and we do not try to lay down any conditions on what they will do, as that would have an immediate impact on the price and the competitiveness because some people would not engage and just walk away. However, we do not live in a bubble. We know the type of entities with which we are dealing. The point I made earlier was probably left a little up in the air, sort of a suggestion that if NAMA was aware that a purchaser was going to do damage that we would just wash our hands of that. We certainly would not.

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