Oireachtas Joint and Select Committees

Thursday, 13 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Photo of Bobby AylwardBobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I have an observation to make. In hindsight, Mr. Rowntree must be disappointed. Having been a member of an advisory board in Northern Ireland which had been in place for many reasons and having for many years advised on asset control and sales, all of a sudden the committee was dismissed, NAMA took a different route and the committee was forgotten about. That must have been disappointing for Mr. Rowntree who had been advising NAMA and had much goodwill towards the Northern Ireland economy and businesses there. NAMA went for the sale of the loan book instead of an asset driven process. Having listened to Mr. Rowntree's evidence, it seems the Northern Ireland advisory committee was basically dismissed. It talked for a couple of years and then that was it.

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