Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

Mr. Reid said it was shocking and, of course, it was. However, the shocking event was deemed to have been remediated by the withdrawal of PIMCO from the process. When it continued and Cerberus became the preferred bidder, it gave a written guarantee that it would pay nothing to anybody outside of professional fees. Second, compliance issues are matters for the SIPO and the board of NAMA, not me.