Dáil debates
Wednesday, 4 November 2009
National Management Agency Bill 2009: Report Stage (Resumed)
5:00 am
Brian Lenihan Jnr (Dublin West, Fianna Fail)
No. As I understand it, the subsidiaries referred to can deal only with management functions. Financial functions can only take place within the SPV, the master vehicle. The subordinates, if established, are purely for management and not financial purposes. The quantum of the investment is so low it would become pointless at that level to delegate the investment into parcels or particular vehicles.
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