Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

Two entities were involved in working out distressed assets. IBRC was one and NAMA was the other. We have been constantly reassured by the Minister in the Dáil any time oversight of NAMA was raised that the Comptroller and Auditor General had a big team in it. I found it quite useful to hear about the practical work the Office of the Comptroller and Auditor General does in NAMA. It was very different to my perception. I thought it was on the board and more hands on because this is what the perception led us to believe. The value-for-money study is very different to what has taken place in respect of looking historically at what has happened regarding the disposal of distressed loans.

The emphasis in the report is on the process, and best practice is to have a two-phase process with a wide involvement of people which is narrowed down. Did Mr. McCarthy look at best practice from elsewhere in this regard?