Catherine Connolly (Galway West, Independent) | Oireachtas source

I do not accept that and do not accept Mr. Collison's interpretation. NAMA actually told Lazard what to do. It guided it. This is one of the points made in the report. If Mr. Collison reads it, he will see that the Comptroller and Auditor General is saying it differed from other types of sale, that Lazard had a very limited role compared with other sales advisers and that it was told what to do. Mr. Collison has answered Deputy Mary Lou McDonald, but I am not happy with the answer he gave her. I do not know why Lazard was not told why PIMCO had withdrawn. It could not give a reasoned opinion without being told this. It came back to NAMA and, suitably, told the agency that there was sufficient competition, but it did not know what it was talking about because it had not been given adequate information.