Results 21,501-21,520 of 26,731 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 (29 Sep 2016)

David Cullinane: What was discussed were other options and how they could shape the arrangement differently for the fee to come out.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: That does not alter the reality of the discussion and the fact that the reading of this does not corroborate what Mr. Daly said earlier. PIMCO withdrew from the process and there was what was described earlier as a "graceful transition" of two of the actors in respect of success fees, who moved lock, stock and barrel over to Cerberus. Again, NAMA took no action. While PIMCO had the sense...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: There is only one man left standing.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: And years 2013 and 2014.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: Go raibh maith agat. I know it has been a long day, but it is important for us to try to tease out as much of this as possible. I will pick up where I left off earlier with Mr. Daly and Mr. McDonagh. Some of this has been teased out. I want to come back to it again because I think it is important. Mr. Daly said earlier that people have moved away from the pricing issue. I focused on the...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: Did anything prevent NAMA-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: Whatever about the contractual arrangement, in light of what NAMA knew and given that this was not retrospective, did anything prevent it from contacting Brown Rudnick or Tughans?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: I did not ask whether there was a contractual relationship-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: -----I asked whether there was any legal impediment to NAMA inquiring.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: The problem with NAMA's world view on this is that Mr. Daly said in his opening statement that - and he spoke about the success fee, Mr. Cushnahan and all of the conflicts of interest, which is fair enough - that NAMA had to weigh up the potentially serious costs and consequences for the agency if it were to withdraw from the process, for other State-owned banks and for the sovereign of...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: Mr. Daly should allow me to finish. From what I take from Mr. Daly's opening statement, the logic of the position is that he accepts that there were problems on the purchasing side and that the situation was so bad that PIMCO had to go. However, perhaps it was not so bad when some of the same players were involved with Cerberus. Mr. Daly weighed up the consequences and decided that the...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: No.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: I am sorry, but Mr. Daly-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: We are not talking about hindsight. Mr. Daly has already established and he accepts that NAMA was made aware of the success fees with PIMCO. He knew that those success fees were broken into three parts - for Brown Rudnick, for Tughans and for Mr. Cushnahan. He was also aware that there was a relationship between Mr. Cushnahan and Tughans whereby the former shared office space with the...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

David Cullinane: We can come back to this matter.

Written Answers — Department of Finance: Stability and Growth Pact (29 Sep 2016)

David Cullinane: 20. To ask the Minister for Finance the discussion he has had with European partners with regard to a possible loosening of the fiscal rules in cases of public capital investment. [19806/16]

Written Answers — Department of Finance: Economic Statements (29 Sep 2016)

David Cullinane: 23. To ask the Minister for Finance the reason his Department is ready to oversee a reduction in Government income as a percentage of gross domestic product, as shown by the summer economic statement figures, given the serious issues facing public infrastructure. [19805/16]

Written Answers — Department of Finance: Stability and Growth Pact (29 Sep 2016)

David Cullinane: 69. To ask the Minister for Finance if he agrees that the fiscal rules are too rigid, inflexible and a that one size fits all solution is clearly not working. [19808/16]

Written Answers — Department of Public Expenditure and Reform: Public Sector Staff Remuneration (29 Sep 2016)

David Cullinane: 171. To ask the Minister for Public Expenditure and Reform if the application of the 10% reduction to new entrants in the public service is being applied by his Department to non-new entrants irrespective of previous service; and if he will make a statement on the matter. [27803/16]

Water Charges: Motion [Private Members] (28 Sep 2016)

David Cullinane: Both Fianna Fáil and Fine Gael have a lot in common, as we know. They have more in common than what divides them. One of the things they have in common is an uncanny ability to sow confusion when in fact the issue is very clear. The Minister of State said earlier that we cannot say with certainty that a majority of people in the last election voted for the abolition of water charges-----