Results 681-700 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 (Resumed) (6 Oct 2016)
Catherine Connolly: So that is correct.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: Just one second.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: I will come back to that. There are just two factual matters in relation to Mr. Reid and Mr. Carville. In relation to Mr. Reid, there is a note here, dated 20 March 2014, referring back to the call on 14 January. Is that right?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: Can Mr. Reid explain to this committee - I will finish up with Mr. Carville with a factual matter in relation to bidders-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: -----why was this done three months later? The call happened on 14 January and Mr. Reid's note states:Alex, As discussed, I have attached a call note which has been agreed by myself and Ronnie Hannah to put on file for the call between the Minister and the Northern Ireland executive regarding NAMA on January 14th. Apologies for the delay. Is Mr. Reid writing up a note after the event,...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: That is not what it says here, and Mr. Reid was apologising for the delay.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: Three months after the event.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: It is three months. I am quoting the dates, 20 March 2014, from Mr. Declan Reid, sent to Alex Lalor, etc., and, "Apologies for the delay."
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: Mr. Reid might check that. Finally, I have a question for Mr. Carville on the bidders because we want to get clarity here. Mr. Carville made a statement that there nine bidders, is that right?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: I took a note when he said it. There were never nine bidders. The Comptroller and Auditor General has gone through this methodically. Does Mr. Carville accept there were not nine bidders at first?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: Let us look at that. Three parties were contacted first. Has Mr. Carville looked at this and checked it? There were three bidders and one showed an interest. Does Mr. Carville accept this?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: Absolutely.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: Three bidders were contacted and one showed an interest. Three more bidders were contacted and two showed an interest. Those two came forward out of ten that were considered after there was a leak about the sale in February 2014. Again, the Department had to do something about it. Eventually there were nine bidders from a very reactive process. If the witnesses have read the report of...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: On a matter of accuracy, it has been said that the reserve price of €1.3 billion was set by NAMA.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: That is not my understanding. I understood the figure was set by PIMCO. It has been said that NAMA came forward with this well before PIMCO.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: Was that not said? That is what I heard.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: I did not hear the word "withdrawal". I thank Mr. Reid for the clarification.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: I thank the witnesses.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: There has been much talk about the competitive tension in the sales process after PIMCO withdrew. Is the Minister happy that there was competitive tension when two bidders were left?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)
Catherine Connolly: And it made a decision that there was.