Results 11,621-11,640 of 34,872 for speaker:Seán Fleming

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Remuneration (18 Oct 2016)

Seán Fleming: 366. To ask the Minister for Public Expenditure and Reform the way in which he has decided that a post in the public service attracts a financial gain compared to persons who are employed in current posts in the same public sector organisation (details supplied); and if he will make a statement on the matter. [30563/16]

Written Answers — Department of Health: Legislative Programme (18 Oct 2016)

Seán Fleming: 470. To ask the Minister for Health when it is intended that the Public Health (Alcohol) Bill 2015 will be enacted; and if he will make a statement on the matter. [30565/16]

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)

Seán Fleming: Apologies have been received from Deputies Peter Burke, Alan Farrell and Josepha Madigan. Today the committee will continue its examination of the Comptroller and Attorney General's special report No. 94 on the National Asset Management Agency, or NAMA as it is better known, and its sale of Project Eagle, the code name given to the sale of its Northern Ireland loan portfolio. To date,...

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)

Seán Fleming: Yes.

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)

Seán Fleming: Fine. We will do that and it has been noted by the secretariat. Standard procedure from now on will be that after every meeting, we will send NAMA a letter regarding any documentation we need to obtain from it because I am sure something will come up today that will require clarification. It will be routine that at the conclusion of each meeting, the secretariat will send a letter, on the...

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)

Seán Fleming: I thank Mr. Soffe.

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)

Seán Fleming: I thank Mr Soffe. I now invite Deputy Catherine Murphy to commence the questioning of our witnesses. She will be followed by Deputies Cullinane, Connolly, Kelly and McDonald.

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)

Seán Fleming: I ask the Deputy to conclude.

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)

Seán Fleming: The Deputy will have to conclude so we can go to the next speaker.

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)

Seán Fleming: Yes.

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)

Seán Fleming: That is the Deputy's last question. Mr. Soffe will respond to that and then I will invite Deputy Cullinane to contribute.

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)

Seán Fleming: What is the page number?

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)

Seán Fleming: Which paper?

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)

Seán Fleming: The paragraph to which Mr. McEnery referred, on page 146, and which mentions the rate of 10% begins as follows: "In NAMA AR [asset recovery] experience, a party buying a non-performing loan portfolio ... is likely to discount the value of the underlying security by at least 10%...". In other words, the 10% rate is relevant to the buyer, not the seller. That sentence which is the only...

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)

Seán Fleming: Yes. Mr McEnery also talked about loans and receivables. I remind him that those financial statements were signed off on by the directors on 9 May 2014. In other words, they were written after the agreement on the sale price. Mr. McEnery referred to the 2013 accounts to show this was the policy in 2013. Maybe it was; maybe it was not. What we can say is the financial statement was only...

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)

Seán Fleming: However, Mr. McEnery did not say that.

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)

Seán Fleming: The statements were written in May 2014.

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)

Seán Fleming: Exactly.

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)

Seán Fleming: To help the Deputy, the day Mr. Daly was here we concentrated on the question of what evidence there was at the time the sale was being considered of the use of the 10% discount rate by NAMA. Two weeks later the witnesses have produced not a screed of evidence to back up the use of that rate. If they do, it will make our lives very easy.

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)

Seán Fleming: Those statements were written after the deed had been done.