Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

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

Okay. The difficulty with that is that some of the material provided by NAMA raises a serious question mark over the matter. I will draw Mr. Daly's attention to the fourth meeting of the Northern advisory committee, which was held on 7 October 2013 in, surprisingly, Tughans. What becomes evident from the minutes is that there was a full discussion of Project Eagle. I am sure that Mr. Daly is familiar with these minutes. The sales process was discussed. Mr. Daly provided an outline of that. The approach from Pimco was discussed in some detail. The discussion included external member feedback on the proposed approach. Mr. Daly sought that approach and wanted it for a subsequent meeting on 10 October. According to these minutes, Mr. Daly reminded members that this matter was politically sensitive and that absolute confidentiality was required. This is just a sketch of what transpired at the meeting, but it does not read like the substance of a meeting at which members of the Northern committee were precluded from confidential NAMA information. It reads like a full sharing of information with those members.

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