Oireachtas Joint and Select Committees
Thursday, 17 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
Mr. Seamus McCarthy:
I am sorry to intervene but just as a matter of record, I would ask everyone to turn to 108 of the report which contains an extract from the signed minutes of the board's meeting on 12 December 2013. The second paragraph concludes with the following:
The board also noted the sensitive matter of PGs [personal guarantees] and the risk to wider NAMA debtor management should Pimco release debtors from PGs [personal guarantees] - notwithstanding this could occur following any completed loan sale.