Results 7,781-7,800 of 8,081 for speaker:Peter Burke

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)

Peter Burke: Returning to the issue, it is easy to see how someone examining the evidence would be confused by the reference to the lower discount rate being used.

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)

Peter Burke: I understand that point but why then was there no increased rate to show sensitivity? A lower discount rate would obviously show an increase of funds to the taxpayer, which is very good, but one of the most important questions when it comes to risk assessment is what are the adverse consequences of a sale. It would have been reasonable to include a sensitivity rate above 5.5% because 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)

Peter Burke: I accept it is referenced. I have read the note from the board. The departure from the discount rate is not detailed. The point I am trying to get across is that as I understand it, when it comes to evaluating a sale, the adverse consequences should always be clearly detailed. I do not understand why in relation to such an important sale the only rate detailed is the discounted interest...

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)

Peter Burke: Does Mr. Rooney accept that it should be done?

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)

Peter Burke: If Mr. Rooney personally was selling an asset, would he think it good practice to have a working for the departure on the discount rate?

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)

Peter Burke: When the Minister for Finance, Deputy Noonan, appeared before the committee, he said that a work-out of the loan book was not a viable option because of pressure from the European Central Bank, ECB, in the context of Ireland trying to exit the bailout programme. From an operational point of view in terms of calculations and valuations, were any of the witnesses aware of that pressure such...

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)

Peter Burke: It is a reserve that is poorly justified in a way in terms of the options. We should have had details on a discount and a calculation for the increased option. However, the reality is that we do not have that and so we must move on from it.

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)

Peter Burke: Reference is made on page 11 to the three valuation methodologies reviewed by the Comptroller and Auditor General. In regard to the first valuation in respect of which a carrying value of €1.4 billion was used, there was a downward adjustment of €85 million in that regard. The Comptroller and Auditor General has stated that on examination of this valuation, there was no clear...

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)

Peter Burke: Essentially, you were trying to make the carrying value work towards the 10% discount.

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)

Peter Burke: That is how it appears.

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)

Peter Burke: That would be explicitly driven by the rent or income-generating capacity of the assets.

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)

Peter Burke: In arriving at that figure, was there no look past 2016?

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)

Peter Burke: It is better safe than sorry.

Written Answers — Department of Education and Skills: Schools Building Projects Status (25 Oct 2016)

Peter Burke: 204. To ask the Minister for Education and Skills when a school (details supplied) will go to construction; and if he will make a statement on the matter. [31587/16]

Written Answers — Department of Housing, Planning, Community and Local Government: Nitrates Action Programme Implementation (25 Oct 2016)

Peter Burke: 237. To ask the Minister for Housing, Planning, Community and Local Government if he will extend the slurry spreading period by an extra two weeks; and if he will make a statement on the matter. [31653/16]

Written Answers — Department of Housing, Planning, Community and Local Government: Housing Provision (25 Oct 2016)

Peter Burke: 280. To ask the Minister for Housing, Planning, Community and Local Government if there are supports available to help local authorities and persons obtain CPOs to buy vacant and derelict key sites for residential development; and if he will make a statement on the matter. [32012/16]

Written Answers — Department of Arts, Heritage and the Gaeltacht: Regeneration Projects Funding (25 Oct 2016)

Peter Burke: 381. To ask the Minister for Arts, Heritage and the Gaeltacht if funding for the village renewal scheme is to be increased in 2017; and if she will make a statement on the matter. [31889/16]

Written Answers — Department of Health: Hospital Appointments Status (25 Oct 2016)

Peter Burke: 395. To ask the Minister for Health if he will expedite an appointment for an MRI scan in respect of a person (details supplied); and if he will make a statement on the matter. [31500/16]

Written Answers — Department of Health: Hospital Appointments Status (25 Oct 2016)

Peter Burke: 396. To ask the Minister for Health if he will expedite a procedure in respect of a person (details supplied); and if he will make a statement on the matter. [31518/16]

Written Answers — Department of Health: Services for People with Disabilities (25 Oct 2016)

Peter Burke: 501. To ask the Minister for Health if he will expedite the placement of a person (details supplied) in County Westmeath in community care as previously advised by a Minister of State in June 2016; and if he will make a statement on the matter. [32150/16]