Results 21-40 of 155 for nama speaker:Joan Burton

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (30 Sep 2010)

Joan Burton: ----- that reasonably effectively sold bonds successfully for Ireland. The Minister compromised the NTMA by placing NAMA in it. Even at this point the Minister could reverse that decision before Ireland reopens the auctions to the bond markets. Why was NAMA not put into, for example, the Central Bank? The Minister decided to put it into the NTMA so that the principal people in the NTMA...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Joan Burton: ..., because information was shunted off somewhere else they were along for the ride, an approach which resulted in some of the disasters we have experienced. At the commencement of Committee Stage, NAMA had a special purpose vehicle suddenly added with a week's notice. The financial structure of NAMA and the span of control, which is important from the perspective of it being a banking-type...

Leaders' Questions (1 Oct 2015)

Joan Burton: I have no difficulty, nor has the Government, with NAMA going to any institution in the North of Ireland. We do not dictate to NAMA----

Leaders' Questions (1 Oct 2015)

Joan Burton: I have no problem with NAMA going North but I want the NAMA board and executives to reach a business decision.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2016: Committee Stage (9 Nov 2016)

Joan Burton: No, they are builders coming out of the bigger developers who own some of these sites. They are basically in NAMA or recently exiting NAMA.

Order of Business (6 Jul 2010)

Joan Burton: ...and the metro. Can the Taoiseach confirm whether the Government is producing a revised national development programme? If so, when is it likely to be published? During the consideration of the NAMA legislation, when the Minister for Finance very graciously accepted a number of Labour Party amendments, we were promised that when the revised NAMA business plan was available - it was...

Leaders' Questions (1 Oct 2015)

Joan Burton: ...that the Deputy's colleague, Deputy John McGuinness, is leading an all-party Committee of Public Accounts inquiry committee in regard to the position and that both Brendan McDonagh, CEO of NAMA, and Chairman Frank Daly, have been speaking very frankly for an extended period to the members of the committee. Those members are acting on behalf of the Oireachtas in pursuit of appropriate,...

Leaders' Questions (24 Sep 2015)

Joan Burton: -----and his opinions on the matter, then perhaps he should look to speak to the Committee of Public Accounts, either in private or in public. It is the committee that deals with NAMA. As Deputy Wallace is aware, NAMA was set up under fairly extraordinary legislation following a series of through-the-night meetings in this Chamber when it was established by the late Brian Lenihan, the...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Joan Burton: Not only are Anglo Irish Bank and Irish Nationwide going into the NAMA process but there is also discussion in the media, and this is permissible under the Bill, about the possibility of institutions such as Ulster Bank having assets up to €15 billion parked in some kind of quarantine process which may, at some stage, enter the NAMA process. Given that Ulster Bank is owned by Royal Bank of...

Banking Sector Crisis: Motions (8 Jul 2010)

Joan Burton: The most extraordinary aspect of the revised NAMA business plan is the board's admission of a deterioration in its original estimates with losses of €5 billion now predicted. The House has got so used to talking in billions that the value of money has lost its meaning. The outcome, however, of these decisions has left people with an extraordinary debt overhang. While I never contested...

Financial Institutions Support Scheme. (3 Feb 2010)

Joan Burton: Does the Minister agree the NAMA process is going far more slowly than predicted during the discussion on the Bill in this House? Most of us have heard the horror stories emerging from all sides in banking. A great number of distressed loans were undertaken with almost no collateral. There is great confusion about who has title to loans. Many loans were on foot of solicitors' undertakings...

Order of Business (14 May 2009)

Joan Burton: Will the Tánaiste indicate if it is the intention of the Government to proceed with a shadow NAMA with all costs on the taxpayer but without legal clarity, particularly in the context of the legal advice that legislative power is required? I inform the Tánaiste that in respect of NAMA and particularly in respect of the earlier reply on SR Technics-----

Finance Bill 2010: Second Stage (9 Feb 2010)

Joan Burton: ...to which I refer cost us at least €400 million per year. At the height of the Celtic tiger we may have been able to afford that but €400 million is a lot of money now. Fianna Fáil launched NAMA to a series of refrains, such as "There is no alternative", or "TINA", "The only game in town", or "TOGIT", and, most importantly, we were told it would get credit flowing. The revelations...

Order of Business (9 Apr 2009)

Joan Burton: ...have legislation to establish a banking commission. This was proposed in the first place by the Labour Party and we are glad Fianna Fáil took it up. I am not clear what the timetable is for the NAMA legislation. Many people are calling the NAMA proposal, the "banana" proposal.

Banking System: Statements (1 Apr 2010)

Joan Burton: According to his statements and the supporting documentation for the debate on Tuesday, €8.51 billion in loans has been transferred to NAMA but more than 70% of those loans relate to completed properties, which are earning an income. That means the bad loans remain for the most part in Anglo Irish Bank and in all the other banks. It means that we have a NAMA——

National Asset Management Agency Bill 2009: Report Stage (Resumed). (4 Nov 2009)

Joan Burton: ...the SPV has these powers and is independent, then the Minister made an entirely contradictory statement when he said: "Since the State is guaranteeing the securities issued by the master SPV, the NAMA representatives on the board will maintain a veto over all decisions of the board that could affect the interests of NAMA or of the Irish Government." When he replied to me on the issue the...

Banking System: Statements (1 Apr 2010)

Joan Burton: ...before the House the other day. The figures quoted by the Minister, which were given to us in supporting documentation, relate to the sectoral breakdown of tranche 1 in the transfer of loans to NAMA and they are seriously suspicious. Will he make an arrangement to have the Opposition briefed? He promised the other day that NAMA officials would brief the Opposition. Why was nobody from...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: ...risk factor and the interest rate might be higher, but once the main bonds are issued they will be treated by the markets as, in effect, becoming part of Irish Government debt. They will be called NAMA bonds. In his report to the Minister for Finance, the economist Dr. Peter Bacon said: Creditability is the overriding requirement of any proposal which is going to be successful in...

Financial Institutions Support Scheme. (3 Feb 2010)

Joan Burton: ...now to deal with the capital needs of institutions, realignment and restructuring within the institutions and the general advice on banking matters. The original date for a significant tranche of NAMA loans to be completed was pre-Christmas. In his reply the Minister has now moved that date back by about two and a half months. Countries in banking crisis, such as Sweden, acted swiftly...

National Asset Management Agency. (28 Apr 2010)

Joan Burton: The figure mentioned - €3.538 billion - is quite a small amount of transfers, in the context of the draft business plan the Minister presented to the Dáil at the time of the NAMA legislation. According to the Minister's plan, more than half of all the loans should have been dealt with by now, as we come into May. However, just a tiny proportion of them have been dealt with. What is the...