Oireachtas Joint and Select Committees
Thursday, 29 September 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle
9:00 am
Mr. Seamus McCarthy:
No, there is nothing in it that I have a disagreement with. The second piece of advice is included in an annex around pages 58 to 60. It is a letter NAMA asked for on 11 May 2016. Again, it is general; it is not a specific comment regarding a part of the report. It is a general comment on the distinction between the carrying value of distressed loans for accounting purposes and an indication of what the market value of those loans might be.
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