Results 661-680 of 6,287 for speaker:Catherine Murphy in 'Committee meetings'
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)
Catherine Murphy: Can the witness indicate when the work was completed by the university?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)
Catherine Murphy: Obviously Mr. Rowntree was aware of the terms of reference for NAMA for an open process and getting the best return for taxpayers etc.-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)
Catherine Murphy: He says in his statement that he was updated on the original interest expressed by PIMCO. Was Mr. Rowntree surprised that what was being proposed was a deviation and that it was going to be a one-bidder process?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)
Catherine Murphy: Right.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)
Catherine Murphy: When Mr. Rowntree states that he was updated on the interest expressed by PIMCO, was PIMCO named at that stage?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)
Catherine Murphy: Was it fairly soon after that when the information would have become available from the university?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)
Catherine Murphy: That completes my queries, I will leave it there. I thank the witness.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)
Catherine Murphy: On the work done by the University of Ulster with NAMA and the other banks, is that how 50% of the assets or loans were outside Northern Ireland? It would not have included any of that information, or would it?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)
Catherine Murphy: Could I go back to two questions?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)
Catherine Murphy: I cannot figure out how a fire sale would have been in anybody's interest. Had all of the assets rather than the loan book been sold at the one time, if NAMA decided to sell them, they would have realised less.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)
Catherine Murphy: That stands to reason. Had the focus continued on assets as opposed to the sale of the loan book and that had been done in a gradual way, would there have been less risk and would it have produced dividends in terms of what Mr. Rowntree stated earlier about the outworking of the land banks? Would that have produced a better potential return for Northern Ireland, and perhaps the taxpayer,...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)
Catherine Murphy: Mr. Rowntree said he would not have bought something if he had not done due diligence. I would not either, not that I would been that in position, given the amounts involved. The amount bid for the assets without having done due diligence was remarkably near the amount for which they were ultimately sold.
- 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)
Catherine Murphy: The witnesses are very welcome. Mr. Soffe said in his statement that there was an obligation placed on NAMA by the Oireachtas to do its business commercially and expeditiously. NAMA also had a policy of openly marketing loan sales but it deviated from that with the Project Eagle sale. It was only very late in the day that other bidders were invited into the process and the timeline seems...
- 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)
Catherine Murphy: Was Lazard not brought in after PIMCO withdrew? If that is the case, it did not advise NAMA of it in advance. I think it would be fair to say it advised NAMA in hindsight. It has been suggested that Northern Ireland was a different category, but 50% of the assets associated with the loans were not based in Northern Ireland. Why were they not separated out? They would not have raised the...
- 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)
Catherine Murphy: I ask Mr. Soffe to address the questions I have asked.
- 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)
Catherine Murphy: Yes, I can see that that could be the case. It seems to have been the case in almost all of the Northern Ireland loan portfolio and not just parts of it. Is that how Mr. McEnery sees it?
- 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)
Catherine Murphy: The common denominator is that the loans were owned by people rather than based in Northern Ireland. How many loans that were owned by Northern Ireland-based people were actually sold separate to Project Eagle?
- 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)
Catherine Murphy: Very little, really, in comparison-----
- 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)
Catherine Murphy: Right.
- 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)
Catherine Murphy: Would Mr. McEnery accept that Lazard was brought in after the event? NAMA relies on it to say it advised, but that advice was provided in retrospect rather than in advance.