Oireachtas Joint and Select Committees

Tuesday, 22 November 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

Photo of Peter BurkePeter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

So Mr. Long would not see Lazard's approach as advising its client as to whether it had carried out a risk assessment in terms of the procedure or instructions it has followed considering that this was a major sale which could, in theory, expose the Irish taxpayer? In terms of Lazard getting the best value for its client, as a professional adviser, should Lazard not have asked its client at that juncture whether it had carried out a risk assessment of curtailing the sale in all these different avenues? Does Mr. Long not think this would have been prudent?

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