Results 20,561-20,580 of 26,624 for speaker:John McGuinness
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: That will continue on for the next-----
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: NAMA paid the banks €8 billion in loan repayments and interest. Is that correct?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: Separate to that, NAMA paid the banks €56 million in fees in 2012. Would that be every year? I know what it is for but it is roughly paid-----
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: NAMA is paying them that fee because it has taken over the loan books.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: If NAMA did not take those roles over in the first place, would the banks not have to manage those debts anyway?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: So that is an extra cost? That is NAMA's cost.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: In terms of the initial takeover of those loans and how NAMA established the ones it was going to take over from the different banks, it looked at the general loan portfolio of all the banks. It then took a section of those loans. It looked at the ones that were left with each of the banks. How many of these loans are borderline in respect of where they should be either in NAMA or some...
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: Note 9.1 of the report concerns the board of NAMA. How many members are on the board?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: When do their terms expire?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: The statement says that each board member gets €60,000 a year. I presume this is correct?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: One board member got €75,000.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: The planning advisory committee is made up of a separate group.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: Those amounts do not increase year on year?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: When will the new member be appointed?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: Does Deputy Eoghan Murphy wish to ask a question?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: In his opening statement, Mr. McDonagh referred to the difficulties in retaining staff and the demand for existing qualified staff from other banking and property sectors. Is that a softening up to increase salaries and change contracts for these staff?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: Yes, I understand that. However, to retain the right staff against private sector competition, is Mr McDonagh proposing better contracts and increased salaries in line with what they are being offered by the banking sector? Has the agency had this discussion with the NTMA, National Treasury Management Agency, or the Minister?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: Has Mr. McDonagh raised this with the NTMA and made recommendations?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: In 2012 when Mr. McDonagh was before the committee, he mentioned several developers and property owners who were receiving payments from NAMA to help it work properties on its books. How many are still on the agency’s books? What kind of remuneration are they receiving?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
John McGuinness: Is NAMA paying 167 individuals a total of €12.1 million?