Results 1,921-1,940 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) (24 Nov 2016)
Catherine Connolly: Will Mr. McDonagh listen to me? He can say this is wrong. Mr. Long was here the last day and after many hours said PIMCO had had an advantage in the sale process, given that it had been involved in it for months. Does Mr. McDonagh agree or disagree with that statement?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: That is clear. During the course of the day, before Mr. Long said this, my interpretation of what he had said was that, more or less, it would not have made a difference. He did not use these words, but that was my interpretation because at the end of the day PIMCO was not the successful bidder. Finally he said PIMCO had had an advantage. Do the representatives of NAMA accept this?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Did Mr. McDonagh hear my question?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Representatives of Lazard which had been employed by NAMA as a specialist came before the committee and said PIMCO had had an advantage.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: I just wanted to clarify it for the record. You completely disagree with the statement that PIMCO had an advantage.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: I am not cutting Mr. McDonagh off all the time. That was my last question and he may take as long to answer it as the Chair lets him.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: While Deputy McDonald is on that topic, will she find out where the question was asked?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: I am not sure who is more exhausted at this committee. We have resorted to biblical terms. We talk about unrepentant sinners and sins of omission.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Anyway, I always try to go back to basics and the report. I continuously go back to the report and the concerns raised in it. We look at the conflict of interest and in relation to that Mr. Daly quoted Lazard as saying it was happy or satisfied and gave NAMA an assurance. 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) (24 Nov 2016)
Catherine Connolly: That is okay, but Mr. Daly said here a little while ago that Lazard came back. Lazard's assurance was qualified, however. Is that not right? It was qualified on the basis of the restricted information it had. Lazard gave a qualified reassurance of the sales process. Is that not correct?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Originally.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Okay. It gave that because it did not know. It was given a very restricted role. Is that not right? On the basis of the criteria it was working to, it gave a reassurance that the sales process was okay. Is not that right?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: I read it out earlier on. I am not talking about Tuesday now. I am talking about what is in the Comptroller-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: No, but Mr. Daly has seen the transcript.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Mr. Daly saw some of it, because he has quoted from it.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Mr. Daly knows exactly or a lot of what he said and he has used a certain amount of it today in relation to Lazard. Mr. Daly has quoted Mr. Long today. Mr. Long said, as I understand it, that he was not informed but should have been. What does Mr. Daly say to that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: It does because Mr. Daly has quoted him today; "fully endorsed the process". Mr. Daly has chosen to say that today and he is entitled to, but Mr. Long also said that PIMCO had an advantage and NAMA chose not to take that on board. He also said he should have been told. That is what he said. When he gave NAMA an assurance, it was a qualified assurance on the information given. Does Mr....
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Mr. Daly can then follow up depending on how long the Chair gives us, but my question is-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: -----whether he accepts what the Comptroller and Auditor General has outlined; that it was a qualified reassurance.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: I do not know how Mr. Daly can say that because he came in and said that PIMCO had an advantage. Does Mr. Daly not accept that?