Results 201-220 of 386 for nama 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: 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: ...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 appropriate for a transaction of this nature." Even on reflection, in looking back in...

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: ...companies interested and the various interest in the market. There is no evidence anywhere that this was a difficult portfolio. It is a mantra that is repeated ad nauseam. Did Mr. Long meet with NAMA prior to today's evidence?

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 meet with NAMA since he was called to come before the committee as a witness?

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: Mr. Long's evidence was that he was told repeatedly by NAMA board members and he listed them.

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: They were there from earlier on. The NAMA board held a normal scheduled meeting. What was recorded was that Lazard was to be appointed and simultaneously PIMCO was to continue on with NAMA's permission to examine the portfolio in parallel with NAMA going out to Lazard. The final sentence stated that this was as much to give protection to PIMCO about the integrity of the process. Mr. Long...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Catherine Connolly: ...been followed-up on, the inadequacy of records, etc. That is what I am concentrating on here. My first question is, have Ms Finan and Mr. Mulcahy, both of whom have gone on to other jobs, met NAMA to discuss an approach to this committee? Has there been a meeting between them?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Catherine Connolly: Did Mr. Corrigan have a meeting with NAMA?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Catherine Connolly: Mr. Corrigan is still on the board of NAMA.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Catherine Connolly: I am sorry, I beg Mr. Corrigan's pardon. Did Mr. Corrigan go back and meet NAMA?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Catherine Connolly: With whom in NAMA?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Catherine Connolly: Will Ms Finan stay with me on that now? How would a member of the NAMA board and of the Northern Ireland Advisory Committee not know that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Catherine Connolly: Mr. Corrigan was on the NAMA board after the other two witnesses left the committee, right into 2014. 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) (17 Nov 2016)

Catherine Connolly: That is what all of the NAMA-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Catherine Connolly: I appreciate that and I am not attacking Mr. Corrigan in any way. However, NAMA did not pursue it at the time. The Comptroller and Auditor General's report is saying it should have been done and it should have been followed up at that point. Mr. Corrigan does not think so.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Catherine Connolly: So, there is divergence between Mr. Corrigan and the Comptroller and Auditor General in relation to the necessity to follow up. Let us move forward then to when Cerberus took over. When did NAMA become aware that the same legal advisers had moved on to Cerberus from PIMCO?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Catherine Connolly: It is important and I am not trying to catch Mr. Corrigan again. If he does not know, that is fine and I will move on. However, it is key. It is one of the keys because the NAMA CEO and chairman have been here and, subject to correction and checking the thing, they said they only became aware of the legal advisers at a certain date. Mr. Corrigan cannot add or take from that.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Catherine Connolly: ...same legal advisors. They had advised PIMCO. PIMCO withdrew on 12 November. Within a matter of, let us not exaggerate, two weeks they were now advising Cerberus. Would that raise concerns on a NAMA board? Should it have?