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

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

I understand the distinction Mr. Daly is making. However, a record of minutes from way back, 14 June 2013, states: "Just a short note on the meeting yesterday afternoon between Sammy Wilson Minister for Finance of Northern Ireland and Minister Noonan". Point 2 reads:

Min Wilson raised concerns about NAMA's operations in the North and its commitment to retaining [...] staff based there. He also queried if NAMA would consider full divestment of its NI portfolio as this was something that they had been approached about. [I presume this is a reference to Minister Wilson.] Min Noonan stated that this was matter for NAMA [quite rightly] but that they have shown to be very committed to being as open as possible in their operations in the North ... In relation to specific proposals for the acquisition of NI assets this was a matter for NAMA ... Min Noonan committed to raising the matter with the NAMA Advisory Committee later that evening.

No, that is not the Northern Ireland advisory committee. That was a ministerial advisory committee on NAMA which the Minister, Deputy Noonan, set up in 2011. It was chaired by Michael Geoghegan from HSBC and included Denis Rooney and myself. It is a totally different entity.

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