Oireachtas Joint and Select Committees

Thursday, 10 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Ms Ann Nolan:

It is impossible to prove that a different strategy would not give more. On a particular deal, of course, we have to get the best price. On the procedure, we can change it. We must have a reserve price. We have to say there is a price below which we will not go. If NAMA had not set one, I would be extremely worried. There has to be competitive tension. There has to be more than one person bidding. They are the things that are needed to ensure we are getting the best price, as best we can. Of course, it can never be proven that if we waited-----