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:

It will not because under sections 99 and 202 of the NAMA Act there are confidentiality obligations on the agency. Section 99 is the contractual obligation, which is called banker's confidentiality, which we inherited in taking over the loans from the banks. Section 202 is a lifelong obligation in terms of confidentiality. A lot of the borrowers were individuals and there are GDPR considerations. We have looked at this. That is not going to be in the public domain. All the records associated with the board meetings, minutes, decisions, board papers and things like that will be preserved.