Oireachtas Joint and Select Committees

Wednesday, 18 September 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance

1:30 pm

Mr. Des Carville:

That is a very good point and something we are working our way through with NAMA, the NTMA and the special liquidator. In regard to powers under the NAMA Act, for example, there is a process under way, before we bring legislation before the Houses, in terms of what parts of the NAMA Act should be brought forward in legislation so that the resolution unit can ultimately benefit from those powers. To answer the Deputy's question in a slightly different way, we are also considering whether there are things we could do better, with the benefit of hindsight, under additional powers, perhaps, or powers which are no longer relevant. That exercise is ongoing so the point is well made. We are working our way through that.

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