Oireachtas Joint and Select Committees

Thursday, 18 December 2014

Public Accounts Committee

National Asset Management Agency Financial Statements 2013

10:50 am

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

As part of the assessment of performance, which Mr. McDonagh referred to in his paper, it would be wise to analyse and track even a sample of those properties systematically as a reference point for performance and to make decisions on the quality of the judgment at which NAMA arrives.

Mr. McDonagh laid heavy emphasis in his presentation on NAMA's relationship and dealings with debtors. His first assertion is that in the past NAMA had to defend itself against the view that it was being too soft on debtors. I presume that refers, in the first instance, to those developers who work for NAMA by managing properties on its behalf. Is that what that was a reference to?

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