Oireachtas Joint and Select Committees
Thursday, 18 December 2014
Public Accounts Committee
National Asset Management Agency Financial Statements 2013
1:10 pm
Mr. Frank Daly:
We discussed at length before, this issue of NAMA not being transparent and accountable. We will probably never agree on it. We have a very strong view to the contrary about the accountability we have here and elsewhere, not least the oversight we have by the Comptroller and Auditor General. In relation to the complaints, we are saying here - I suppose we would value our own integrity as much as anything else - that complaints which come to NAMA are investigated thoroughly and objectively and are responded to.
I do not know what the Deputy has in mind as a sort of appeal mechanism but one is really then talking about getting into the realm of having another body that effectively would be directing NAMA on what to do in particular cases. I am not sure how that would work in a very practical sense.