Oireachtas Joint and Select Committees
Tuesday, 22 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
10:00 am
Peter Burke (Longford-Westmeath, Fine Gael)
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So Mr. Long would not see Lazard's approach as advising its client as to whether it had carried out a risk assessment in terms of the procedure or instructions it has followed considering that this was a major sale which could, in theory, expose the Irish taxpayer? In terms of Lazard getting the best value for its client, as a professional adviser, should Lazard not have asked its client at that juncture whether it had carried out a risk assessment of curtailing the sale in all these different avenues? Does Mr. Long not think this would have been prudent?