Results 22,781-22,800 of 34,780 for speaker:Seán Fleming
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Mr. Moriarty might send us a note to crystallise that point.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: I want to make one more quick point because other members are keen to speak. Mr. Moriarty might give us a breakdown of the loan sales over the period to which we are referring so that we can get an understanding of this matter. It has been mentioned that income of €112 million was generated from loan sales in Northern Ireland. Perhaps the information I am seeking can be broken down...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: I am asking about income. I will not break it down. It could include rental income. I will not make a distinction. I am asking for information on NAMA's income. I thought I would ask a question to place this in a historical context. If the answer to my question is in today's documentation, that is fine. If not, perhaps it can be sent on to us. Will the witnesses give us a breakdown of...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Okay. That is a regular enough issue.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Okay.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: When Mr. Stewart responded to Deputy McDonald, he mentioned a reference to a fee paid to Mr. Cushnahan. When NAMA heard about that, did it report it to the compliance unit in the NTMA? Obviously, it sent shockwaves through Mr. Stewart and the board. How soon did they report it to the compliance unit? PIMCO's compliance unit seemed to be very good about it. How quickly did NAMA respond...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: No success fee arose.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: How would Mr. Stewart know that? How can he speak for Cerberus? He is speaking for Cerberus when he says-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Everybody involved with PIMCO moved on. How can Mr. Stewart sit here and give an assurance that no fee was subsequently paid? That is what he has just said.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Mr. Stewart cannot do that.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: By PIMCO.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Mr. Stewart said that no success fee would be paid if the sale fell through.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Not by PIMCO, but it could have been paid by someone else. Mr. Stewart does not know that this did not happen.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Okay.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: I will go back to the first question. There is a State body here. If PIMCO thought it was a compliance issue, did NAMA not feel the same? It went all the way to the board. Was this not a compliance issue for NAMA?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: I know he was a former member. The board took it so seriously that it called the process "fatally flawed". If it took it so seriously, was it reported formally to the compliance unit in the NTMA? Does Mr. Stewart know-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Any of the witnesses may answer that question.