Results 11,041-11,060 of 32,978 for speaker:Catherine Connolly
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: Sorry.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: The Government guaranteed all of that debt.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: I spent time looking at this and I am trying to understand it. NAMA was set up to buy some of that debt from the banks.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: NAMA bought it for €31.8 billion.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: Okay, we will not argue over the exact amount. The market value of the debt was lower, such that NAMA paid €5 billion plus more for it-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: -----which was considered State aid.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: NAMA took on that debt under the Act, with a number of objectives, including to protect the taxpayer and to provide some socioeconomic return.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: Is Mr. McDonagh familiar with that section?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: What was the objective relating to the common good?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: That is not my question. My question is about the purposes of NAMA and, in particular, the one about which Mr. McDonagh did not tell me. Will he tell me about it?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: Let us look at it. The objective under paragraph (a) is to address the serious threat to the economy. We have heard a lot about that. The objective under paragraph (b) is to facilitate the availability of credit. The section also refers to protecting the interests of the taxpayers and contributing to the social and economic development of the State. On the last objective, how many times...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: Never.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: NAMA has never received a direction from the Minister in regard to the social and economic development of the State.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: Would Mr. McDonagh like to comment on that?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: Okay. Sometimes, Mr. McDonagh comments and other times he does not. He should not be commenting, really. NAMA believes it has done really well. It is clapping itself on the back for having made a profit and it is going to return €3 billion plus to the Exchequer in 2020. Is that correct?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: Is that the figure NAMA is expected to------
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: Okay. At the end of 2016, there was a €3 billion plus gain as well. Is that correct?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: Is that the same money that NAMA will give back to the State in 2020? In other words, is the figure referenced at the end of 2016 as a gain-profit-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: Between 2016 and 2020, the return increased to €0.5 billion. Is that correct?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Catherine Connolly: I thank Mr. McDonagh for clarifying that. On accounts, it is our job to examine processes, procedures and governance. Let us look at the Comptroller and Auditor General's report. On salaries paid to debtors, where can I find details of the salaries paid to debtors?