Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

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

I thank Mr. Reid. Mr. Daly described it as a protection for debtors, like a debtor's charter, a kind of opt out clause for all. So that the committee knows, it was not a document of the executive. In fact, at a Westminster committee hearing, when Cerberus was questioned, there was reference to the absence of a memorandum of understanding. It was a discussion point. It is intriguing that something that had no official status wound up with NAMA, solicited or unsolicited, as the case may be-----

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