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

Mr. Brendan McDonagh:

I know the Deputy raised this question the last day. We had an EU tender in late 2011 and we appointed a loan sales panel in 2012. We appointed a US panel and a European panel. Lazard was on the European panel. Its fees and the fees of all the tenderers were set at that stage. The fees on the panel are broadly the same. One usually calls a number of people off that panel as a subpanel if one has time to do so. It does not-----

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