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Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: Both.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: But that is not the case with the NIAC. It was not done orally for the NIAC and according to Mr Rowntree it was all in writing.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: I have what the witness is saying, but Mr. Daly also chaired the NIAC meetings.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: When Mr Rowntree appeared before the committee last week he spoke about how conflicts of interest were dealt with. He said there was a form that had to be filled in, in writing.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: That information was not shared with any other member of the NIAC.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: At no point did the chair make reference to it or allude to it. It was just handed to the person who had responsibility for it, the information was not shared with anybody else. Mr. Soffe is saying that at the NAMA board meetings a different process was followed, where the chairperson would ask if there were any conflicts of interest, and if there were, someone would remove themselves....

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: I know all of that, sorry Mr. McEnery, but I am talking about others knowing of the declaration. I will quote what Mr. Rowntree said to the committee when he was pressed on whether they should have been made aware of other people's declarations of conflicts of interest: "It is not best practice from my perspective as an experienced chairperson at senior level. It is not what I would see as...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: Is Mr. McEnery saying that Mr. Rowntree was right when he said it is not best practice from his perspective and it was not-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: He was wrong there.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: There does not need to be debtor information for there to be a perceived conflict of interest. We now know that. It is a bit of a red herring. There are many different ways in which there could potentially be conflicts of interest. We have Mr. McEnery's view on that and Mr. Rowntree's.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: I have Mr. McEnery's point.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: Have the three witnesses personally declared conflicts of interest?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: You all have. Prior to appointment to the NAMA board did Mr. McEnery work for any companies that had any association with NAMA?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: The practice? Can he outline what the nature of that involvement would have been?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: Is this HBC?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: In respect of conflict of interest did any of the witnesses here have any involvement in political campaigns?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: Can he tell us what that was?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: For who specifically?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: Would that include Michael Noonan?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

David Cullinane: Mr. McEnery was a director of elections for Fine Gael. Would that have been something he should have told us when he was here previously?

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