Oireachtas Joint and Select Committees

Thursday, 26 September 2013

Public Accounts Committee

Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency

1:00 pm

Mr. Brendan McDonagh:

Yes. It is an issue that is on the radar of the board of NAMA and the advisory board of the NTMA on which the Secretary General of the Department of Finance sits. The Minister is aware of this issue. There is an economic reality at play. An adjustment has happened and I am pointing out the factual position as a result of this.