Results 961-980 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 (Resumed) (18 Oct 2016)
Bobby Aylward: If NAMA still had the loan sale book in 2018, is it Mr. Soffe's professional opinion that Brexit would have a major effect on valuations?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: The witnesses referred to NAMA's engagement with the troika. Will Mr. Soffe elaborate on that? What engagement would the NAMA board have had with the troika over the time these sales books were being prepared?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: The witnesses referred in their statement to their engagements with the troika.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: That is what the witnesses meant when they referred to the engagement with the troika.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: Was the troika putting pressure on NAMA?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: Where was it putting pressure-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: Mr. Rowntree was before the committee last week and I found him to be open, transparent and forward in his views. He was the first witness to come before us who was transparent and willing to answer every question we asked. However, NAMA has rubbished the evidence he gave to the committee. He said he had been a member of the NIAC and that what he termed "sensitive information" was put in...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: I am referring to this one.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: That is what it says here.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: That was not his evidence to us. His evidence to us was the opposite.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: Was it an asset report then?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: Was it exclusively on zoned residential land in Northern Ireland?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: NAMA gave the University of Ulster €20,000 to compile this report. It must have put emphasis on it. When the report was produced, did it change the minds of board members on the loan portfolio? Did it have any bearing on the sale of the loan book afterwards-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: -----or was it just hidden or thrown on a shelf?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: Mr. Rowntree made an assessment of the information put before him while Mr. Cushnahan was sitting in on the same meetings. Does Mr. Soffe accept that there could have been conflict of evidence? Mr. Rowntree and Mr. Cushnahan were both external members of the board and Mr. Rowntree has stated to the committee that it was easy to identify assets and individual debtors from the information....
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: Mr. Rowntree did not say that. He said information had been circulated and taken back during the meetings and that he had information from those meetings that he would not normally have had which he could have carried out of the room if he had wanted to do so but that it had been taken from him. Mr. Cushnahan was in the same position. This means that a conflict of interest is highlighted...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: I will leave it at that, but I take a different meaning from Mr. Rowntree's comments last week. The Comptroller and Auditor General referred to the expected cash from debtors and loan workout value and said that if NAMA had held these loans, it was estimated that it would receive a net £1.68 billion in cash from the Project Eagle debtors between 2014 and 2020. This relates to selling...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: But the board did not conduct an asset assessment of the entire portfolio.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: Do the witnesses have no doubt, therefore, that this was the best deal they could have secured up to 2020?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Bobby Aylward: I have another question. Mr. Soffe said in his opening statement, "... given the recent history of this island, it would have been unthinkable for NAMA to have ignored the impact of its actions on the Northern Ireland economy and on North-South relations", for political reasons and so forth. However, NAMA sold the portfolio to a private consortium, Cerberus. Once it was sold, NAMA had no...