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Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: He is the single only person to have raised it.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: We are on the final lap.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: I have two issues. First, are there any other matters that came to Mr. Neporent's attention in preparation for this meeting that he has not placed on the record? I would have expected Mr. Neportent, if he does not mind me saying, to have stated it in his opening statement merely to give us the benefit of the information that there had been a technical violation of the non-disclosure...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Second, could Mr. Neporent give us a sense of his interactions and relationship with Lazard in the course of this transaction?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Was Mr. Neporent's interaction with Lazard different in this transaction than in previous transactions?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Was it more truncated, more intense?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Did Mr. Neporent know that Lazard had a different kind of role in respect of dealing with this portfolio as against other property or loan sales advisers? Did he have no sense that this was very much a bespoke situation?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: I am just asking whether Mr. Neporent had a sense of that, no?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: I accept that. Did Mr. Neporent have a conversation with anyone from Lazard at any stage in respect of PIMCO and its withdrawal?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Mary Lou McDonald: Did Lazard never bring that to Mr. Neporent's attention or make a commentary on it?

Written Answers — Department of Transport, Tourism and Sport: Public Transport (22 Nov 2016)

Mary Lou McDonald: 535. To ask the Minister for Transport, Tourism and Sport his Department's plan for the maintenance and restoration of Broadstone Station, Dublin 7; if his attention has been drawn to the fact that a wall has been erected in front of Broadstone Station; and if so, the reason for this wall. [35906/16]

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Mary Lou McDonald: I welcome Mr. Long. He had not worked with NAMA prior to the sale of Project Eagle. This was his first engagement with them.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Mary Lou McDonald: -----advisory panel.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Mary Lou McDonald: The fee paid to Lazard was £4.32 million sterling. Am I right on that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Mary Lou McDonald: It is a big amount of cash, is it not? It is a great fee for a truncated deal. NAMA referred to this as a bespoke deal.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Mary Lou McDonald: Mr. Long has identified its uniqueness.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Mary Lou McDonald: Did Mr. Long have previous dealings with Brown Rudnick?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Mary Lou McDonald: Lazard has not ever had dealings with Brown Rudnick.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Mary Lou McDonald: It also has an office in London.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Mary Lou McDonald: It is a big international outfit.

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