Oireachtas Joint and Select Committees
Tuesday, 25 October 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source
I accept that point but I come back to the wider context, which is this was the biggest sale that NAMA undertook at the time in terms of a block sale of all its Northern Ireland portfolio. Central to that is how the portfolio and cashflows were valued and discounted. Should there have been greater emphasis and clearer detail at board level and operational level given the documents we have been through in the Comptroller and Auditor General's report showing why a 10% discount was used rather than retrospectively trawling through sales trying to justify what happened?
No comments