Oireachtas Joint and Select Committees
Wednesday, 21 May 2025
Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach
Dissolution of National Asset Management Agency: Discussion
2:00 am
Mr. Brendan McDonagh:
No. Anybody who knows me knows that I pursue every single penny I can on behalf of the taxpayer. When you settle, it is a cost-benefit analysis, for example, how much longer this litigation keeps going versus the value you can potentially get from a settlement with the other side. I remind my case managers when they are dealing with the counterparties on the other side to say to them that just because NAMA is ending, they should not think they will get a soft deal come October or November 2025. This is going into the resolution unit and, in fact, they might actually end up with a worse deal there. We have knowledge of the cases and things like this, but if new people come in, they might take a different view. However, there are no soft deals.