Oireachtas Joint and Select Committees

Wednesday, 24 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Functions of NAMA: Discussion

3:10 pm

Photo of Michael CreedMichael Creed (Cork North West, Fine Gael)
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My first supplementary question relates to the former issue with regard to Mr. Farrell. Has NAMA communicated with the principals of the loan portfolios in a proactive manner with regard to the information disseminated to assure them? I have a question in respect of the expertise available to the NAMA board. It seems there is very little expertise from developers who have knowledge of the nuts and bolts of the construction industry. Many of these people led us into much difficulty but we must move on to restore activity in the construction sector and expertise on how and where to kick start projects and get the best return is required. Does NAMA have that kind of critical practical expertise on its board?