Results 8,281-8,300 of 21,498 for speaker:Mary Lou McDonald
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: I accept that. Is Mr. McDonagh considering the possibility of additional bonuses and incentives for these persons, including the 13 who earn between €150,000 and €199,000?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Maybe that explains Mr. McDonagh's concern about a view that might have been taken that NAMA was soft on some debtors. For the people out there, those are very big salaries, particularly since everyone is carrying the can for the chaos that we all landed in. They will note with interest the possibility that these individuals might, in fact, be incentivised to work out the assets. Mr....
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: At various stages?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Are they all commercial?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: How many of those have come before the courts?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Is that the current number in which NAMA is involved?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Does Mr. McDonagh have a figure from day 1 or year zero?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: How many of those have gone through a mediation process?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Less than 10% is very low, is it not?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Of course. Would it always be NAMA's preference to opt for mediation?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: That is why I am surprised that it is 10%. Obviously, mediation is the preferred route to resolve these.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Would NAMA always be keen on mediation and co-operate fully with it?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: What does NAMA do in the mediation process. Are NAMA's legal representatives there?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Who attends on behalf of NAMA? Would it be Ms O'Reilly?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Would NAMA enter into it in the spirit of resolving all of the matters?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: I am surprised. I agree with Mr. McDonagh that such is the way to sort these matters out. It is more cost effective in the first instance but also, arguably, the fairer and sane way of doing things. Given that NAMA is enthusiastic for this approach, it strikes me as all the more odd that only 10% cases are dealt with in this way. Is that because debtors are set against this process? Has...
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: I am asking Mr. McDonagh to comment generally. I am no asking him to comment on individual cases. There must be a reason 90% do not go to mediation.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: Does NAMA seek mediation or is it open to mediation?
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: NAMA has never refused mediation.
- Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)
Mary Lou McDonald: I ask Mr. McDonagh to briefly talk us through the stages of NAMA's engagement with the debtor.