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

9:00 am

Photo of David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

I understand all that but in fairness, the question I asked was in respect of the internal return rate and whether that should have been a practice used by NAMA. We have to be able to make judgments. We, as a committee have to be able to say with some form of reliability, metric and benchmark that something was a good outcome and was a good decision. We can look at the macro objective to get a specific amount back but once one starts setting a benchmark for each of the individual assets or if one groups them in terms of a loan sale, it is actually better for us.

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