Oireachtas Joint and Select Committees
Thursday, 8 October 2020
Public Accounts Committee
Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019
11:30 am
Mr. Brendan McDonagh:
We knew that third-party banks and other third-party creditors were threatening to enforce against the debtors themselves. If they had done so, it would have made it very difficult for us to unwind the complexity of the connections and the assets involved. We needed their co-operation to unwind the assets.
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