Results 6,841-6,860 of 20,884 for speaker:Alan Kelly

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)

Alan Kelly: Were they with the Minister for Finance directly?

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)

Alan Kelly: They were with the Minister for Finance and his officials.

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)

Alan Kelly: Would these meetings happen after each NIAC meeting?

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)

Alan Kelly: We must find out the detail of those. I take it there were no details on them.

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)

Alan Kelly: Who goes to these 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)

Alan Kelly: Did the NIAC add value or was it just a talking shop?

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)

Alan Kelly: I can decode that point rather easily. There was a volte-face over the question of a fire sale. There were serious concerns after the meeting with the Minister for Finance on this question but then it was decided that the whole lot was to go at once. How did that make Mr. Rowntree feel?

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)

Alan Kelly: It effectively said that the whole strategy of avoiding a fire sale in Northern Ireland, because of concerns over the impact on the market, was to be changed.

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)

Alan Kelly: It must have come as a complete shock to the committee that, after all the discussions and analysis, everything it had tried to ensure did not happen then happened in one go.

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)

Alan Kelly: Having been on the NIAC, Mr. Rowntree's assessment is that there must have been a change of direction at board level in NAMA.

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)

Alan Kelly: Would it be fair to say that, once an offer came in, it changed their view?

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)

Alan Kelly: In the "Spotlight" programme, Mr. Rowntree said the the data provided by the university would have created commercial value if they were made public.

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)

Alan Kelly: Did Mr. Rowntree feel that, if the information were to have got to any individuals or groups considering buying loans, it would have been of some aid to them?

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)

Alan Kelly: It was something Mr. Rowntree rated highly.

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)

Alan Kelly: Mr. Rowntree requested this.

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)

Alan Kelly: This substantial and high-quality document was brought to the NIAC with a lot of confidentiality attached. Then the intentions of NAMA, as regards Northern Ireland, changed.

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)

Alan Kelly: What was the length of time between the information coming to the NIAC and PIMCO's original answer?

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)

Alan Kelly: The NIAC requested the document and received it. Subsequently, NAMA changed course and decided on a sale process in which it was all to happen in one go.

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)

Alan Kelly: Could it be that it informed the decision of a purchaser?

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)

Alan Kelly: I am not assuming that at all, but this information is valuable.