Results 1,621-1,640 of 32,837 for speaker:Catherine Connolly
- 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)
Catherine Connolly: Both of them were prior to Project Eagle.
- 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)
Catherine Connolly: Has Lazard worked for NAMA since or done work for NAMA since?
- 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)
Catherine Connolly: So Project Eagle was the sole work that Lazard has done for NAMA.
- 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)
Catherine Connolly: In the other two sales that Mr. Long mentioned, did Lazard advise on alternative strategies? Did it analyse market conditions?
- 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)
Catherine Connolly: It is a "yes" or "no". Did Lazard do 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)
Catherine Connolly: So Mr. Long did give an opinion 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)
Catherine Connolly: That did not happen with Project Eagle.
- 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)
Catherine Connolly: No. On the competitive tension, three firms were invited in. Is that right?
- 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)
Catherine Connolly: Mr. Long should listen to my question. I want to be specific because the Chairman is hard on time. Three firms were invited first. Is that correct?
- 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)
Catherine Connolly: Lazard was satisfied that was good, competitive tension - those three firms.
- 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)
Catherine Connolly: My question is when Lazard invited three in, it was happy with that, depending on whether they were going to stay in the process or not.
- 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)
Catherine Connolly: Lazard was happy with the three.
- 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)
Catherine Connolly: The Comptroller and Auditor General sets out in his report, in the chapter that Mr. Long has read in detail, the first three that were invited to the process. If we first look at page 77 of the Comptroller and Auditor General's report, it sets out the companies. Mr. Long will see the percentage of UK-Ireland loan sales.
- 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)
Catherine Connolly: If one adds up those percentages, those companies - Cerberus, Lone Star, Goldman Sachs and Apollo/Deutsche - make up 89% of the loan sales in Ireland and the UK. Is that right?
- 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)
Catherine Connolly: Let me stay with my question. We will go back to page 71 of the Comptroller and Auditor General's report and look at it with page 77. The first three that Lazard invited in were Blackstone, Starwood and Oaktree. None of those appears on page 77 as the big companies that do loan sales. Is that right?
- 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)
Catherine Connolly: Mr. Long should listen to my question. None of the three that Lazard invited in is on that list of the first four that account for the biggest majority of the sales on page 77.
- 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)
Catherine Connolly: Of that list, in the second round of bidding, only one - Lone Star - comes in. Is that right? Cerberus comes in too. Two actually come in on the second round.
- 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)
Catherine Connolly: Three come in on the second round.
- 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)
Catherine Connolly: On the first round, none of those in the high group comes in.
- 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)
Catherine Connolly: Just a minute. On the first round when Lazard invited in three companies, none of those top four companies is brought in.