Results 21,481-21,500 of 27,087 for speaker:David Cullinane
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: You all have. Prior to appointment to the NAMA board did Mr. McEnery work for any companies that had any association with NAMA?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: The practice? Can he outline what the nature of that involvement would have been?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: Is this HBC?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: In respect of conflict of interest did any of the witnesses here have any involvement in political campaigns?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: Can he tell us what that was?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: For who specifically?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: Would that include Michael Noonan?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: Mr. McEnery was a director of elections for Fine Gael. Would that have been something he should have told us when he was here previously?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: It is interesting to know that.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: To move to the discount rate. I think NAMA has put out a lot of misinformation on this because it seems to peddle the line that the Comptroller and Auditor General in his report was making a claim that the 5.5% discount rate should have been applied and not the 10.5% which was what it calls the market rate. That is not accurate. The Comptroller and Auditor General's report says that the...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: Can Mr. McEnery be precise because I have read that? The point is that there was no reference made to papers presented to the board to say why a higher rate than NAMA's 5.5% discount rate would have been applied.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: That is what I am trying to get at, what evidence was presented to the board.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: NAMA needs to present that to us in more detail. All of this was done on the basis of painstaking work by the Comptroller and Auditor General's office. This was a serious bone of contention between NAMA and the Comptroller and Auditor General. There would have been a lot of toing and froing and the Comptroller and Auditor General's office would have looked for all the supporting...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: If that is fair then that------
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: Can NAMA provide evidence that the board believed that should be applied 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) (18 Oct 2016)
David Cullinane: We will hear from the Comptroller and Auditor General in due course.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: We seem to have a paper trail for the asset-based discount but not for the debtor-based discount.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: Mr. McEnery's answers raise more questions. Perhaps we might seek written clarification from the witnesses on this point.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: It is very difficult to tease out all of this.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
David Cullinane: Are there other documents or evidence which would suggest this applied to Project Eagle? Mr. McEnery referred to the financial statements. Will he clarify the date and whether the rate was generic or specific to Project Eagle?