Dáil debates

Tuesday, 31 January 2012

5:00 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)

The legislation in question will be published later this year. The Minister for Finance is taking an interest in how NAMA is proceeding. It has moved somewhat from its original difficulties. There is a perception that the matter needs to be looked at again, however.

The Minister for Finance got expert opinion on NAMA's structure and how it might be facilitated to bring about faster involvement and greater return for the taxpayer eventually. He will reflect on the advice he was given and bring to Cabinet the changes he wishes to bring about either through legislation or some other form. This an issue of considerable interest both to the citizens and to the extent of the properties in NAMA's portfolio, some of which are abroad.

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