Results 7,161-7,180 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) (22 Nov 2016)

Alan Kelly: Okay. I have two final questions. This is kind of a straight question. Not being asked to value a portfolio like this is, obviously, abnormal I presume.

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: How many sales processes has Mr. Long worked on for Lazard?

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: Yes. Approximately.

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 those 50 cases, how many times has he had to value the sale?

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: But it is the norm.

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 interesting. That is a very important piece of information Mr. Long has given to us. My final question relates to the payments to Brown Rudnick and Tughans or its managing director, Mr. Cushnahan. Obviously, Lazard was not briefed on these.

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: If Lazard had to be briefed on it, would it have changed its interpretation of the standard or quality of the marketing and sales process?

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 asking Mr. Long's opinion. That is all. It is a fact that this happened. It is a fact that Mr. Long's organisation, for whatever reason critical to this process, was not told about it. In other words, in respect of his final conclusions as regards the sales and marketing strategy - an area in respect of which his organisation is a massive player worldwide - Lazard was not told about...

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 not really it and this is a critical question. I am not asking Mr. Long to say how it would have been different.

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 technically hypothetical because one could not expect that. There were too many dynamics going on. I just want to establish whether or not it would have been different. For me, it could not have been the same, surely.

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 accept that Mr. Long cannot say.

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: Okay. I thank Mr. Long very much for being so honest.

Public Accounts Committee: Business of Committee (24 Nov 2016)

Alan Kelly: Chairman, why did the statements arrive so late?

Public Accounts Committee: Business of Committee (24 Nov 2016)

Alan Kelly: Chairman, the statements have arrived too late, which is not fair to members, to the committee or to anyone. It is inappropriate. We have to spend a great deal of time preparing for these meeting. There is a significant level of correspondence. These statements are central to the proceedings but they arrived three quarters of a hour before the start of the meeting. We have to digest...

Public Accounts Committee: Business of Committee (24 Nov 2016)

Alan Kelly: I think we should write to them and express those thoughts.

Public Accounts Committee: Business of Committee (24 Nov 2016)

Alan Kelly: I know, but we should put our views formally to them.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Alan Kelly: The pagination of all the records-----

Topical Issue Debate: Appointments to State Boards (29 Nov 2016)

Alan Kelly: I am raising the issue of appointments to State boards in the Department of Transport, Tourism and Sport because I would like to hear the Minister's proposals to fill the vacancies that exist. The volume of vacancies in the Department is quite phenomenal. My understanding, which is based on the figures I have seen, is that on 23 November last there were 36 vacancies across the various...

Topical Issue Debate: Appointments to State Boards (29 Nov 2016)

Alan Kelly: I thank the Minister for coming to the House today, given that, previously, he was never available, and for explaining his position. I have to say it is perplexing. To be frank, pursuant to the relevant Acts of the Oireachtas, I do not believe the Minister is actually doing his job. There are a number of boards which will not be able to function if this vacuum persists. Will the Minister...

Topical Issue Debate: Appointments to State Boards (29 Nov 2016)

Alan Kelly: That is frankly insulting.