Results 1,981-2,000 of 15,555 for speaker:Eoghan Murphy

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: On the 25% we will see repaid at the end of this year, did directions come from the Minister to the board?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: Has the Minister had to redirect the board as to how that gets-----

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: Mr. McDonagh meets the troika every quarter.

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: Is that to update it?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: Does the troika try to impose its will in any way?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: I would like to ask some questions on the process in terms of NAMA's operations. How does NAMA market its properties or loan books to potential investors, who may be overseas?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: Would foreign banks or funds approach NAMA directly without an agent being involved?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: Would they come to NAMA and say they would like to invest a certain amount?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: When Mr. McDonagh talks about it being a competitive process, if there is, say, a property in Dublin and an approach is made by a fund of investors on that property, must NAMA let others know it is engaging with that fund?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: Does NAMA ever get multiple approaches and then not sell?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: Who makes that assessment? If they offer 20% of what NAMA thinks it is worth it is clear, but what if it is closer than that?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: Is that the risk assessment committee?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: If we do not make a decision, or if we make a decision to invest, the risk if that goes wrong is carried by the board but falls, ultimately, on the taxpayer, for example the Aspen deal where NAMA has invested.

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: Was the best way to achieve a higher assessment of the portfolio for NAMA to take a stake in it?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: I want to talk about the Aspen deal. NAMA sold a portfolio of loans. It provided the finance for people coming in to buy those loans and invested itself. Is that not a massive exposure for NAMA on one portfolio?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: What if they sold for less?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: Is that not a double loss for NAMA?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: However, NAMA would not have sold it had it not given the finance to buyers or got involved itself.

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: If there was another buyer why did NAMA get involved?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: They only bought it because NAMA got them the finance.