Results 821-840 of 4,350 for speaker:Bobby Aylward
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: Unfortunately, the first question I was going to ask has just been asked by Deputy McDonald. I will ask it again anyway. PIMCO was probably the instigator of this bulk sale and it probably first approached solicitors in the UK that came here and changed the whole strategy for Northern Ireland and the sale book. Does the witness believe - again, Deputy McDonald has asked this - that the...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: Was it acting for someone?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: We do not know who they are, no?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: My specific question was whether the witness thinks there is any other reason, apart from the success fee, that PIMCO withdrew.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: Okay. Would the outside valuation and expertise have changed the overall valuation of the loan portfolio if it had been brought in in time to look at the system before the loan? Does Mr. McCarthy believe it would have increased the valuation if it had been done by outside expertise?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: Would it normal for it to go up if a valuation was taken out?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: What is the value for money return from selling individually rather than in bulk? Is there much difference? Mr. McCarthy said there were different timescales, from three or four years to 20 years.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: Then we will never know.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: On the strategy used by NAMA, the report mentions the political and cross-jurisdictional context and states that the relationship with Northern Ireland debtors was deteriorating. Do we know why the relationship with Northern Ireland debtors was deteriorating? I understand the political dimension as it pertains to the Republic and Northern Ireland.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: They gave no reason.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: Does Mr. McCarthy believe there was something wrong in the sale and in the method used? Did we get value for money?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: My next question is the most important. Does Mr. McCarthy believe there was personal gain or insider dealing in the whole process?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: Does Mr. McCarthy have any comment at all?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: Is there any way we can get further information on it? Maybe I am asking the wrong man.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: Mr. McCarthy has a better insight than I or anybody else here.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: There are already two investigations into the sale and we will probably have another one in the future. Has Mr. McCarthy any comment on that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: I know. I just thought I would push it in there as a question. It is unbelievable that two institutions of the State, the Comptroller and Auditor General and NAMA, are here today and the second of these, NAMA, is saying the Comptroller and Auditor General is inexperienced and his report has a narrow interpretation of its situation. Does Mr. McCarthy feel that is unfair? Does he feel it is...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: Will this have implications for the future? The Comptroller and Auditor General will continue to audit, so will it have personal implications for NAMA and his office?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: To clarify, did the Comptroller and Auditor General have any correspondence with the NIAB or Lazard during this investigation?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Bobby Aylward: And with the NIAB?