Results 11,341-11,360 of 34,872 for speaker:Seán Fleming

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: Under section 226.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: Yes, the report of the Department of Finance. I am querying this for the people watching. The Comptroller and Auditor General presents a section 226 report every three years. The Department of Finance produces a section 227 report. How often does it do so?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: What period does this report cover in order that people know what we are talking about?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: To the end of 2014.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: Therefore, the sale had not been completed and factored into NAMA's financial statements at that point.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: The question is on what the discount rate was based. Was it based on the valuations?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: Would have applied to what?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: No. Does this apply to the valuations?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: I think we have all agreed that no valuations were made on the entire portfolio. That is one of the points of difference.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: That is fine. Therefore, we are not talking about the asset values.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: Mr. Reid can understand how it is getting complicated.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: Please do and we will study it.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: We will move on to Deputy Shane Cassells, but the witnesses can understand why this is a complicated issue.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: We are not going to get bogged down in it today. We will have to come back to it.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: I call Deputy Josepha Madigan. When she concludes we will take a short break. When we come back the following speakers will be Deputies Connolly, Burke and Aylward. We have been here for almost two and a half hours so we will take a short break after this speaker.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: We are back in public session. I call Deputy Connolly.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: Deputy Connolly, I am going to stop you now with this talk of a damning indictment. The man is not here to defend himself and we cannot make any remarks on it. I am making an absolute ruling.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: You cannot say those words about anyone.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: I do not know of this report.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Seán Fleming: This has happened here before since I became Chairman. People have been reading from documents and asking the witnesses to respond to documents that witnesses have not had in front of them and that the committee was not familiar with. In fairness to the committee members and witnesses, you will have to circulate that document beforehand. It is difficult for any witness to be asked to...