Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Public Accounts Committee
National Asset Management Agency: Financial Statements 2014
9:30 am
Mr. Frank Daly:
NAMA is not the ESRI. What we do in relation to a portfolio or an asset we are thinking of selling is carry out an assessment based on our view of the market for these assets. That is a much more productive exercise than taking broad economic forecasts which, as the Deputy knows as well as I do, are mostly way off the mark.