Brian Hayes (Dublin South West, Fine Gael)

Having listened carefully to the Deputy's comments, it is important for the purposes of clarity that a transcript of her contribution be submitted to the National Asset Management Agency at the conclusion of business. The head of the property portfolio division of NAMA could then reply to her directly. It is a matter of law that the agency's only interest in the assets in question is to extract the highest possible price on behalf of the taxpayer. Where one has a triangular relationship between NAMA, a receiver acting on behalf of the creditors and the owner of the land or property, the objective of the receiver is to obtain the highest price through all possible means. The only legislative obligation on NAMA is to maximise the return for taxpayers.

Deputy Mitchell O'Connor has placed important information on the record. I will ensure a copy of her contribution is transmitted to the National Asset Management Agency. If there are issues the agency would like to address with her, it should do so directly.

See this speech in context