Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I accept that it is in the national interest that there be a smooth work out of the remainder of NAMA's assets. I understand the issues around senior debt, contingent liability and all of that. However, we have to be reassured about the integrity of the sales process. Accountability instruments are already built into the system, but they, in the form of the report of the Controller and Auditor General, have identified serious issues which have led to the establishment of a commission of investigation.

I welcome what the Minister appears to be saying, that is, if the Committee of Public Accounts recommends additional oversight mechanisms for the strengthening of accountability provisions then he would be prepared to implement them. I ask him to clarify that is what he is saying, namely, that if the Committee of Public Accounts report seeks additional changes, whether by way of legislation or strengthening the accountability and oversight mechanisms regarding NAMA, that he is prepared to implement that.

See this speech in context