Results 11,121-11,140 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: The measure that NAMA has adopted is more suited to the narrative that the agency has done well, rather than the other-----
- 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 do not mind if the witnesses disagree with me. I am trying-----
- 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: Could that be clarified? Mr. Daly is saying NAMA does not have the capacity and that there is pressure on 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: Mr. McDonagh has explained that loads of times. I am just trying to get my head around something because we will be writing up a report in due course. Tied in with this matter is the information on page 33 of the report of the Comptroller and Auditor General, which uses the heading "Internal rate of return - debtor level". Again, there is a very specific point being made. At the end of...
- 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 paid €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: I am not arguing about whether NAMA was forced. These are just the facts. NAMA paid €31.8 billion. I am not sure why Mr. McDonagh is laughing because I do not see anything to amuse me here. NAMA paid €31.8 billion. Is that not right?
- 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: But NAMA is not using that figure in its computation. It is using the market value, €26.2 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: Could Mr. McDonagh explain why NAMA is using that value when it did not pay that? It paid a much higher price.
- 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 okay because the clarification is helpful. Mr. McDonagh obviously thinks that this is amusing. Will the Comptroller and Auditor General explain the purpose of his paragraph highlighting this difference?
- 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 will leave this for a moment. It sounds to me like a game of Monopoly. There is €74 billion and then €31 billion is paid but the property at market value is €25 billion or €26 billion. There are all these games around it in the inner circle but in the meantime we have a major housing crisis while NAMA's raison d'êtredepends on property values increasing....
- 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: Just answer my question please. I will be stopped by the Chair and I want to get on to social housing.
- 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 do.
- 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 am not preventing Mr. McDonagh from doing so.
- 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 had concluded on that issue and Deputy MacSharry followed up on it. I understood from that discussion that NAMA had only become aware of a possible conflict of interest. I have since looked at Dáil questions and they go back to at least July 2017, if not earlier. A question was also asked in July 2018. The Minister's reply states: "I am advised by NAMA that it is satisfied that 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: Tied in with that question was the matter of a conflict of interest. I refer to Parliamentary Question No. 179 which asked if the Minister's attention had been drawn to a conflict of interest. That question was put down and answered in July this year. NAMA was fully aware of the issues relating to a conflict of interest and value for money.
- 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, NAMA was alerted to the issues being raised by a Deputy.
- 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 am not interested in going into the details of this. I want to get something out clearly. Issues have been raised through Dáil questions in relation to this particular project and, in particular, to value for money and a conflict of interest. Is it not correct that NAMA was aware prior to today that those issues had been raised?
- 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 okay, I am going 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: I certainly will but I am not asking him for details on this. I am simply trying to clarify that NAMA was aware of the questions before this morning.
- 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: Mr. McDonagh stated he will go away and look at this issue. He has already looked at it. To be able to say that he is satisfied with regard to value for money, he must have looked at this.