Oireachtas Joint and Select Committees

Thursday, 20 September 2018

Public Accounts Committee

National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report

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9:00 am

Mr. Brendan McDonagh:

The issue was that NAMA was another contingent liability. The NAMA bonds were being used by the banks to go to the ECB to get cash. The ECB felt that the Irish banks were overly reliant on it.

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