Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Thank you very much. I now propose we go for a break but I just want to round up one thing before we go at quarter past. It's just in regard to lobbying. And when NAMA were putting in place ... and the whole issue of how the valuation model of NAMA was being put in place was going to reduce and result in a reduction in the valuation of the assets that were coming over to you and this was going to result in haircuts and all the rest. At any time, were NAMA lobbied on the particular model of valuation and how the haircuts were going to be applied?

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