Oireachtas Joint and Select Committees

Thursday, 18 June 2015

Public Accounts Committee

Business of Committee

10:00 am

Mr. Seamus McCarthy:

No. That is not a judgment that would be made in relation to any individual assets. We have drawn attention to the fact that the disposal is at a faster pace than was originally expected by NAMA itself. The reasons put forward as to why it doesn't want to set rates of return was that it could compromise NAMA's ability to be flexible in decision making and to take what it perceives to be commercial opportunities. I do not particularly see the conflict in having a target and in the ability to respond to commercial opportunities as they arise, within the rates of return targets one wants to achieve.

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