Results 501-520 of 32,832 for speaker:Catherine Connolly
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Three bidders came forward out of six. There were never nine. There were three to start with and then three more. Subsequently, there was a leak in February and NAMA was forced to tell Lazard to get more bidders. Is that not correct? Out of the ten that came forward, Lazard rejected eight. Is that correct?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Listen to what I am asking, please, Mr. McDonagh. NAMA accepted the three bidders and there were never nine. It was three and then two subsequently came forward. After the leak, ten came forward, of which Lazard rejected eight and accepted two.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: That was the process. Of those, neither of the witnesses has dealt in these papers or today with the reasons for those bidders not continuing. Some withdrew, some refused to participate. The Comptroller and Auditor General has set out reasons, but the witnesses did not address these. There was a complaint that PIMCO had an advantage, having been in the process for a very long time. The...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Is all of it not correct?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Therefore, it is correct. It astounds me that the agency did not deal with any of it and persists in stating there were nine bidders when there were not. The process was limited and it was only after a leak that this was discovered. That is my interpretation of the bidding process.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Mr. Daly has had ample time to set this out, but he has not done so. He has repeated that there were nine bidders. I am just correcting the record based on what I have seen. That is simply all I am doing. He has not objected to this and-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Mr. Daly actually did earlier. If I picked him up incorrectly, I apologise.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Was Fortress invited?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Is the delegation sure of that? I understand Fortress was invited to enter the process.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Did Fortress have to write to anybody to get into the process? Did it have to write to any politician?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: My question is on whether it had to write to anybody to express interest in the project.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: That is the way he got in.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: The witnesses will have heard the Comptroller and Auditor General say this morning that there could have been a better follow-up-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Mr. Daly-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Mr. Daly is selecting, as I am. The point I am making is that there were bidders which were unhappy with the process. Is that not correct?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Good. That is reported in the statement of the Comptroller and Auditor General.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: That is all I want to know. Let us move forward to the follow-up. Mr. Daly has listened. When my colleague asked him whether he had learned anything, I was absolutely astounded by his reply. I have sat on this committee only since March. I have been a member of the committee since I was elected, but I do not know of anybody who came here and said he or she had nothing to learn-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: What was that? Was it "tweaking"?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: If I appear to be going fast, it is simply because I am time focused. I would much prefer if I had another hour to go slowly through it. Mr. Daly said he would have tweaked different things, perhaps in respect of record-keeping. I do not see it written anywhere, based on anything he said publicly, including today, that he has acknowledged the concern of the Comptroller and Auditor...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: May I continue, Chairman? I was interrupted at the beginning when Mr. Daly started and my whole train of thought went. Regarding the follow-up, the Comptroller and Auditor General said Mr. Daly should have written to Mr. Cushnahan whom Mr. Daly knew personally as he sat on a charity board with him. Is that not correct?