Oireachtas Joint and Select Committees

Thursday, 24 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

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

It was a sin of omission. Let us be clear about it.

We had to go through this whole thing with some of NAMA's board members also, when they made the accusation against PIMCO that it sought the acquiescence of NAMA to stay in the process. From my reading of the documentation of the minutes and notes of phone calls, it is clear to me PIMCO placed a premium on staying within the rules and regulations. I am sure Mr. Daly would not suggest an entity such as PIMCO plays fast and loose with these types of standards. I am sure it is not his position.

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