Results 7,121-7,140 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) (17 Nov 2016)

Alan Kelly: NAMA's loan sale advisers provide advice on loan sale strategies, market conditions and estimated values of the portfolio. None of this occurred in respect of Project Eagle. Given that it was NAMA's first large multi-debtor sale, why was this the case? Why was the advice not sought?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Alan Kelly: I will conclude-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Alan Kelly: In fairness to Deputy McDonald, it is a good question, because there does seem to be a change. Let us find out the facts.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Alan Kelly: That was my next question.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Alan Kelly: My final question is specifically addressed to Mr. Corrigan. In or around February 2014, it became widely known that the loans were on the market. Therefore, the process of a confidential loan sale was out of the window. It was over, it was gone. The committee is struggling with an issue. At this point, given that the confidential nature of it was over and everything was out in the open,...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Alan Kelly: It was all concluded pretty quickly.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Alan Kelly: Did the board think it appropriate to reassess it at any time during the process?

Written Answers — Department of Education and Skills: Minor Works Scheme (22 Nov 2016)

Alan Kelly: 235. To ask the Minister for Education and Skills if a school (details supplied) will be receiving the minor works grant 2016-17; when the grant will be processed; if not, the reason; and if he will make a statement on the matter. [36305/16]

Written Answers — Department of Education and Skills: Minor Works Scheme (22 Nov 2016)

Alan Kelly: 236. To ask the Minister for Education and Skills if a school (details supplied) will be receiving the minor works grant 2016-17; when the grant will be processed; if not, the reason; and if he will make a statement on the matter. [36321/16]

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Alan Kelly: Mr. Long's comments on behalf of Lazard, to the effect that the ends justify the means, are astonishing. We are all beginning to know a lot more about Lazard as a global estate agent. In replies to Deputy Mary Lou McDonald and others Mr. Long said credibility, honesty, etc. were the benchmarks and DNA on which Lazard traded. I do not want to misquote him and will check the minutes of the...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Alan Kelly: Will Mr. Long clarify what he meant by "such an unfair advantage"?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Alan Kelly: Mr. Long used the word "such". That assumes PIMCO had an unfair advantage.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Alan Kelly: That is twice now.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Alan Kelly: I am not sure if Mr. Long has explained what he said, but I look forward to reading the transcript. I agree with the last comment of Deputy Shane Cassells and Mr. Long in providing clarity has reinforced my view that there was a rush to complete the process. Adherence to the process at all times was not absolute but was a means to an end. I have arrived at this view from consideration of...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Alan Kelly: I appreciate that. Lazard said this repeatedly and, I presume, with diplomatic sensitivity given the cross-jurisdictional issue. Who expressed this to Lazard? What people?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Alan Kelly: Name them please.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Alan Kelly: Everyone basically.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Alan Kelly: Did they all express it at the same level?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Alan Kelly: They all emphasised it.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Alan Kelly: In what way did they emphasise it? In other words, the fact that it was politically sensitive was fair enough but what were the dimensions of that? What was the make-up of the political sensitivity?