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

Mr. John Collison:

I do not believe it did. There were certainly a couple of connections in respect of which we were close to enforcement at the time leading up to the sale of Project Eagle. We probably went into a holding pattern regarding the further progression of our enforcement strategy because we took the view that if there was litigation and suing as a result of enforcement regarding a certain connection, it would probably impair the value of that connection within the portfolio. I do not believe we would have deviated from our normal case strategies in any shape or form but, perhaps in the two or three months in the lead-up to the sale of Project Eagle, there were certainly a couple of cases in respect of which we probably held off on enforcement because we felt it would possibly have impaired the value.

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