Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Mr. Frank Daly:

It was a courtesy call, which quite often happens. That is not unusual for the chairs of big funds such as this one.

To answer the Deputy’s other question, on the night of 3 April, after the board had made the decision to sell the Northern Ireland portfolio to Cerberus, I rang the finance Minister in Northern Ireland, Simon Hamilton, to tell him, out of courtesy. He asked me to ring the First Minister, Peter Robinson, out of courtesy, which I did that night. I informed him that the board had approved the sale to Cerberus.

It was just a courtesy call, which I thought was appropriate, given the-----

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