Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Mr. Frank Daly:

No, there was no disagreement about it. For any decision like this there is a paper, obviously, from the executive. There is usually a recommendation from the executive. Some cases go through the credit committee first, but in Eagle's case because of the scale of the transaction it came to the full board. The board goes through the recommendation and the paper in great detail I can assure the Deputy. As the meeting progresses I, as chairman, try to see whether there are issues, clarifications, disagreement or, at the end of the day, consensus. There was no dissent.

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