Results 1,701-1,720 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: NAMA had a strong input into 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: What input did it have?
- 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: During an earlier discussion I had with Mr. Long in regard to the list he accepted that the first three companies chosen by Lazard did not come within the list of the major companies. 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: Yes.
- 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: Perhaps Mr. Long would listen again to my question. Of the three companies that Lazard put into the first round of bidding, which I think were Blackstone, Starwood and Oaktree, did NAMA have an input into 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: Did it change the proposal? Were those three companies chosen by Lazard or 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: Are there e-mails or documents that we could see?
- 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: Did NAMA ever give Mr. Long a document and say "These are your instructions."
- 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: Did that happen with other sales Mr. Long dealt with?
- 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: Did it happen in other sales that Mr. Long got written instructions?
- 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: But it did not happen on this occasion.
- 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: Did Mr. Long say there is no documentation from NAMA to him on bidders or anything else in relation to the sales process?
- 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 is-----
- 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 is okay. I am just dealing with Mr. Long and his company. Mr. Long submitted a letter, a copy of which I have here. The Chairman has touched on this already. Mr. Long gave a letter of comfort, I think it is called, or a letter of confirmation. Did he qualify 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: It was very much qualified in terms of the restrictions NAMA set. Within those restrictions Lazard gave a qualified letter.
- 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: Then subsequently in 2016, after all of this, Lazard sent another letter. Was Lazard then approached by NAMA to give that letter?
- 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: I think Mr. Long was quoted as saying another letter was given.
- 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: Yes, I see. That is very good. That is on page 77, a response to a series of questions on 31 March and Mr. Long went through the questions. Could Mr. Long turn to the last bullet point on the next page? There is a reference to "In our professional judgment and given, inter alia, NAMA's objectives and the nature of and limited information available on the portfolio, the process was...
- 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: I wish to raise two or three more little things. In relation to non-disclosure, could Mr. Long enlighten the committee about disclosure or non-disclosure agreements, NDAs, that he or NAMA sent out to the potential bidders?
- 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: Could Mr. Long tell us the key feature of those agreements? What was the key issue not to be disclosed when writing out to a bidder?