Results 5,601-5,620 of 26,404 for speaker:David Cullinane
- 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: Who made the decision to place restrictions on the process, good or bad or the parameters of the process? Who made that decision?
- 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: Yes.
- 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 appreciate that answer. Is that the board of 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: When PIMCO approached NAMA about the success fees there was a discussion and decisions were made, a fact that the witnesses have relayed to this committee. Who made those decisions?
- 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 decision that the board would have arrived at.
- 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: Yes.
- 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: Did the board of NAMA make the decision?
- 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 terms of Cerberus, there were issues around two of the three players still involved in a success fee and assurances were sought. Who sought those assurances?
- 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: Are the witnesses sure it was not 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: Did the NIAC play a role in any of these processes?
- 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: On numerous occasions the Minister for Finance and Mr. Frank Daly have talked about this matter being "a Northern issue". That does not stack up then when the witnesses have told me that all of the decisions were made by the board of 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: So this was not "a Northern issue" but an issue for NAMA, as a corporate body. 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 (Resumed) (18 Oct 2016)
David Cullinane: When issues are raised around conflicts of interest, a lack of decision-making, information not being sought, success fees and all of the rest, Mr. Noonan says, "That was a Northern issue" on the buyer side. It could not be if there was somebody connected with NAMA that was potentially involved in the process. Mr. McEnery said he would be disgusted and it was wrong if it were true, but that...
- 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 am with Mr. Soffe on that because I do not understand what the phrase means either. I am simply saying to Mr. Soffe what Mr. Daly has said.
- 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 am glad that Mr. Soffe has accepted that aspect. When Mr. Daly and the Minister for Finance were here they constantly spoke about these issues as being Northern problems, that they were problems in the North and thus were outside of what happened within NAMA. I have tried to find out from the witnesses where the decision-making lay and it was with the board of NAMA. We have established...
- 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 understand but I am talking about decision-making. All decision-making-----
- 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 relation to how the board dealt with 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: Can I make one final 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: It was mentioned earlier about pooling the good and the poor in terms of assets. Is it not true that it was not the good and the poor assets that NAMA pooled but the debtors?
- 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 I ask another question, Chairman?