Oireachtas Joint and Select Committees

Wednesday, 18 September 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance

1:30 pm

Photo of Catherine MurphyCatherine Murphy (Kildare North, Social Democrats)
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Okay. I might pursue that in a different direction. Mr. Carville talked about other jurisdictions and how NAMA was constructed. There were obviously flaws in the legislation in that there were people who may well have been a director. There was certainly a difficulty with the definitions in the legislation. On the face of it, there are people who got back control of their assets. Is there any closing off of the legislation in that attention is drawn to things that did not work or where there were flaws in the legislation? Historical and institutional memory is important in these things. The idea of saying this worked without drawing attention to such matters is to misrepresent the position. What happens in that regard?