Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

I thank Mr. McCarthy. I just wanted to confirm that. We will hear from Department of Finance officials next and we have had sight of a letter that was sent to Mr. Harkness in the Comptroller and Auditor General's office from Ms Ann Nolan. She raised a couple of issues with the Mr. McCarthy and challenged his assertion that NAMA did not seek formal external advice on its sales strategy.

She also challenged him on his claim of a potential loss to the taxpayer. On a previous outing here, at our meeting on 6 October, when responding to Deputy Kelly, Ms Nolan stated the Department questioned the use of the 5% discount rate and suggested that had the Comptroller and Auditor General's staff experience in the sale of loan books, they would have used a higher discount rate. Will Mr. McCarthy speak to me on the issues raised in the letter dated 8 July? Will he also address the issue of the discount rate and the issues the Department of Finance raised with him and when it did so?