Dáil debates

Thursday, 5 November 2009

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage

 

11:00 am

Photo of Mary WhiteMary White (Carlow-Kilkenny, Green Party)

I welcome the amendment. We had sought this earlier in the process of this legislation. I also welcome amendments Nos. 18 and 59, particularly in the light of what other speakers have said about the need for scrutiny and overseeing. One of the amendments provides that the quarterly report shall include information on the number of loans outstanding, the number of legal proceedings listed, the sums recovered from property sales, which is very relevant when we are talking about this in the relevant quarter, and other income from interest bearing loans owned by NAMA and each NAMA group entity.

Also significant in this quarterly reporting will be a complete schedule of income and expenditure of NAMA and each NAMA group entity in the relevant quarter, and I welcome this.

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