Róisín Shortall (Dublin North West, Social Democrats) | Oireachtas source

I thank Deputy MacSharry for allowing me to come in now on account of my Dáil engagements later. I thank the Comptroller and Auditor General and his office for his report and their presentation this morning. I have questions on three areas. There has been a lot of media and public focus on the scale of the probable, or possible, loss but for our purposes, the main concern should be the handling of the transaction by NAMA and the role of the board in that regard. Can Mr. McCarthy comment on the oversight role of the board? The board was of the view that a 5.5% discount rate was appropriate and that it had considered a lower discount rate. I am curious to know about the level of scrutiny and discussion that took place at board level, given its decision on the appropriate discount rate. When details of Project Eagle were provided to the board, to what extent did it scrutinise the terms of the sale? One would expect that a very significant discrepancy between the cashflow figure and the price achieved, based on a much more significant discount, would have been a matter of concern to the board. To what extent were concerns raised about the sale?