Oireachtas Joint and Select Committees

Thursday, 18 December 2014

Public Accounts Committee

National Asset Management Agency Financial Statements 2013

1:00 pm

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

Do the witnesses think that is a good way to do their business? NAMA is a State body and Mr. McDonagh said his job is to protect the organisation, the taxpayer and the integrity of the organisation. However, is it not problematic that there is no independent form of arbitration for those who might have a complaint with NAMA, short of An Garda Síochána or recourse to lawyers? I believe there is a problem with that. We have had this conversation previously.

I know it does not accept this analysis but there is a sense that NAMA is almost in splendid isolation with a vast portfolio, with the cover of commercial sensitivity and with a commercial mandate and all that entails. If one is outside that, in particular if one has had reason to have had dealings with NAMA and if one has a complaint, are the scales not weighed very heavily against the individual?

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