Oireachtas Joint and Select Committees

Wednesday, 14 December 2016

Public Accounts Committee

Policy on the Retention of Contemporaneous Notes in the Preparation of Board Minutes: National Asset Management Agency

10:00 am

Mr. Frank Daly:

No. I think if one goes back to the 12 December meeting, this was the early stages of this. We were talking about the whole process. We were talking about the price. We agreed to consider the matter of price in conjunction with the consideration of the board paper. Then in the subsequent ones where there is a reference - I accept the Chairman's point - to "As agreed at its 12th December 2013 meeting" that we would not consider it for less than £1.3 billion, but there was no decision at the earlier meeting in regard to that.