Results 81-100 of 123 for nama speaker:Richard Bruton

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Jobs 2012 and 2013: Discussion with Minister for Jobs, Enterprise and Innovation (26 Feb 2013)

Richard Bruton: ...General and others in order to see whether a system could be devised but that was the bottom line and the taxpayer simply could not afford to pay compensation to landlords. On the positive side, NAMA agreed to go ahead with the approach considered, namely, where companies could demonstrate they were in difficulties that it would agree to renegotiate terms. NAMA has renegotiated more...

Ceisteanna - Questions - Priority Questions: Property Market Issues (17 Dec 2014)

Richard Bruton: ...are available in the short and medium term. While the office market nationally is leading the way in terms of recovery, with overseas investors such as Kennedy Wilson and Blackstone and the likes of NAMA investing in substantial commercial developments across the country - for example, the Dublin strategic development zone, Bolands Mills, and Albert Quay in Cork - there are also...

Written Answers — Department of Jobs, Enterprise and Innovation: Private Rented Accommodation Costs and Controls (22 Oct 2015)

Richard Bruton: ...the €2.9 billion in funding under the Government’s capital plan. In Budget 2016 investment in housing infrastructure has again been given priority with a total housing provision in 2016 of €923 million. NAMA is aiming to deliver a target of 20,000 residential units before the end of 2020 with 90 per cent of these units to be in the greater Dublin area. The Budget...

Written Answers — Department of Jobs, Enterprise and Innovation: Housing Issues (3 Nov 2015)

Richard Bruton: ...Housing Strategy 2020 and the €2.9 billion in funding under the Government’s capital plan. In Budget 2016 investment in housing infrastructure was given priority with a total housing provision in 2016 of €923 million. NAMA is aiming to deliver a target of 20,000 residential units before the end of 2020 with 90 per cent of these units to be in the greater Dublin area....

Financial Measures (Miscellaneous Provisions) Bill 2009: Second Stage (23 Jun 2009)

Richard Bruton: ...on whether these were sound policies. That is frustrating. With each sequence the Minister states that he is only looking for one thing, but he will already have made commitments. In the case of NAMA, for example, he will probably have made commitments before September that are simply irreversible. Technically, the Minister can say the Dáil is approving the matter but de facto he will...

Finance Bill 2009: Second Stage (12 May 2009)

Richard Bruton: ...matter seriously. We appear to be rushing headlong down the road without seeing anything. The proposal also plunges the State into letting professional investors off the hook. If we go down the NAMA route, shareholders will burn because of the haircut but professional investors will not. We are moving to a situation where we are effectively underpinning professional investors. I...

Written Answers — Departmental Agencies: Departmental Agencies (25 May 2011)

Richard Bruton: ...The Office provides an independent review process for SME's (including sole traders and farmers) who have had requests for credit refused or reduced, or existing credit facilities withdrawn by the NAMA banks – effectively AIB and BOI who provide approximately 60% of all lending to the SME sector. In addition to the targeted state supports provided to SMES, the Government is also...

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Richard Bruton: ...of some capital and could have more interest in the upside of the banks and be rewarded for their recovery. In return, we could have shared risk with the banks so that they could benefit if NAMA did exceptionally well, having paid only what was a market value. That was available to us and there was broad consensus that this would be accepted on the Opposition side. Many Deputies from...

Strategic Investment Bank: Motion. (27 Apr 2010)

Richard Bruton: ...loans, and it said it was cheaper to keep the bank going but within weeks of it producing that analysis to the effect that its loans are worth 70% of their book value, we suddenly discovered that NAMA, which was appointed by the State to put a value on them, disagreed. It had written them down not at 70% but 52% and there are questions about the adequacy of that to accurately reflect the...

Land Development Agency Bill 2021: Second Stage (Resumed) (4 Mar 2021)

Richard Bruton: ...not happen overnight. It will be a question of a decade or more of development and we will have to be anticipating that by building land banks to meet that need. The LDA has adopted the National Asset Management Agency, NAMA, approach to compulsory purchase order. Normally, it should not have to rely upon compulsory purchase orders but as we go, we need to be satisfied that the NAMA...

Budget Statement 2010 (9 Dec 2009)

Richard Bruton: ...a review. The people did not want to hear that; they wanted to see concrete action that would transform the credit situation. The banks came in here last week and told us the transfer of money to NAMA would not make a cent of difference to availability of credit. That is a catastrophe that will destroy strong businesses, businesses that will be sucked down by the failure of credit. The...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Richard Bruton: ...the following: "Dáil Éireann declines to give the National Asset Management Agency Bill 2009 a Second Reading because: 1. The Government has published neither the Bacon report that underpins the NAMA proposal nor any proper analysis of this enormous initiative in terms of: a. The enormous risks for taxpayers of using a dubious and politically influenced valuation methodology to pay €90...

Written Answers — Department of Education and Skills: Student Accommodation (16 Sep 2016)

Richard Bruton: ...impact. ISIF to continue to engage with Higher Education Institutions to develop financing solutions for on-campus accommodation and with private sector developers for potential off-campus investments. 9. Consult with NAMA, on a commercial basis, regarding the availability of suitable properties and land that could be used for student accommodation developments either by individual HEIs or...

Financial Measures (Miscellaneous Provisions) Bill 2009: Second Stage (23 Jun 2009)

Richard Bruton: ...the Opposition does not understand instead of defending what they are putting forth. I have seen this happen repeatedly. Instead of the Government setting out the reasons for the guarantee, NAMA, the nationalisation and recapitalisation of Anglo Irish Bank and keeping it as a going concern, it attacks everybody else, as if all of us are Balubas trying to destroy our international...

(15 Dec 2009)

Richard Bruton: ...are way out of line internationally? Where is the assault on commercial rents that are killing businesses? Where is the assault on the cost of credit? Last week, the banks told us that despite NAMA and the taxpayer shouldering all of this, it will not come down one whit as a result of the effort we are making. Where is the confrontation on the rip-off we see every day in our shops?...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Reform of National Micro and Small Business Support Structures: Discussion (5 Feb 2013)

Richard Bruton: ...for any loss incurred in the revision of an upward-only rent. That option is not open to us in the current financial climate in the State. To be fair, the National Asset Management Agency, NAMA, which is a big property owner on behalf of the State, has applied changes in its rules. I believe the penny has dropped with landlords to some degree as to the true state of businesses and many...

Financial Services (Deposit Guarantee Scheme) Bill 2009: Second Stage (16 Jun 2009)

Richard Bruton: ...that some elements of the banking system might be rotten. We have been failed in that area. I would like to speak about some elements of the Bill. I am sure we will return to this topic when the NAMA legislation and the legislation to extend the guarantee are brought before the House. Will the Minister indicate what the cost of the guarantee he provided last September has been? We were...

Loan Guarantee Scheme: Motion (Resumed). (20 Oct 2010)

Richard Bruton: ...and some jobs for his neighbours. They are not in that space; it is not what they are doing. They are trying to survive and shrink their loan books. The Government thought, foolishly, that NAMA acquiring their impaired loan books would change that. It was not going to change it. The Government thought some recapitalisation to fill the hole created by appalling losses would change it,...

Central Bank Reform Bill 2010: Second Stage (Resumed) (21 Apr 2010)

Richard Bruton: ...for the future. It is now clear to me and to many people in the general public that many still in the banking system believe that once the taxpayer has ponied up with the guarantee, the cost of NAMA and the recapitalisation they can simply return to business as usual. However, the taxpayer is in no mood to accept that. The taxpayer rightly demands to see in Ireland the same sort of...

Economic Issues: Motion (6 Jul 2010)

Richard Bruton: ...jobs. Today's announcement with more information about the Government's banking policy rubs salt in the wound for people. Many Members on this side of the House are not surprised to find that NAMA in its amended business plan has revised by 80% the projected profit it hoped to make. It was to be €5 billion but now it is down to €1 billion, yet officials have only examined 20% of the...