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 Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

I have asked the NAMA representatives repeatedly if they accept that the Comptroller and Auditor General, in his report, made no decisions and that he did not comment on NAMA's commercial decision. We are finished with the 5.5% versus 10% debate, in my opinion. However, I stand open to correction. We are also finished with the Comptroller and Auditor General's lack of experience or anything of that nature or the picking of figures out of the sky. We are looking at his concerns in respect of the process. There was a major shift in strategy to sell the portfolio in one go. We have all accepted that, have we not? That is a fact. NAMA changed strategy. Did NAMA carry out a risk assessment?

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