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

I am surprised. I agree with Mr. McDonagh that such is the way to sort these matters out. It is more cost effective in the first instance but also, arguably, the fairer and sane way of doing things. Given that NAMA is enthusiastic for this approach, it strikes me as all the more odd that only 10% cases are dealt with in this way. Is that because debtors are set against this process? Has that been Mr. McDonagh's experience?

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