Results 22,321-22,340 of 34,777 for speaker:Seán Fleming

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)

Seán Fleming: My point is that the phone call seems to indicate the fee arrangement and the board minutes record that a fee arrangement had been put in place by PIMCO. PIMCO's letter to us last week stated that it had been approached twice about this fee arrangement but never agreed to it. PIMCO saying it never agreed to this contradicts what the board members were being told. The board was told it was...

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)

Seán Fleming: Mr. Corrigan cannot comment. I just want to point out that as a result of the extra letter we received, we are discovering conflicting information at this point. We mus tease it out further but on the face of it, there is a conflict between PIMCO's letter to us and what Mr. Corrigan understood and recorded-----

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)

Seán Fleming: I do not think there are any loose words in PIMCO's letter.

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)

Seán Fleming: The minutes of the board are based on the phone call, which the legal people-----

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)

Seán Fleming: I am not disputing the accuracy of that. At the point where a conflict of evidence exists, we must return to it.

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)

Seán Fleming: I will give Ms Finan time for one quick response.

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)

Seán Fleming: We will go back to Deputy Aylward. Ms Finan's point is note. We have spent several hours on that topic.

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)

Seán Fleming: Deputy Aylward is in possession.

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)

Seán Fleming: The Deputy should be very quick because Deputy Peter Burke would like to contribute.

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)

Seán Fleming: The bidders could not seek funding or borrowing. That was, we understand, one of the conditions. The bidder had to write out the cheque to the-----

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)

Seán Fleming: I call Deputy Peter Burke and ask him to be brief.

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)

Seán Fleming: We will put that to NAMA next week.

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)

Seán Fleming: We are going to conclude. I have two quick points to put to Ms Finan. We have a few minutes.

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)

Seán Fleming: The Deputy has been in for 20 minutes.

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)

Seán Fleming: Fine.

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)

Seán Fleming: We will see how we are doing time-wise. We will definitely deal with that before we leave the room. Ms Finan is a member of the Northern Ireland committee. Deputy Kelly touched on this earlier. I ask her to outline the format of the declaration of interest somebody had to make at the meeting. Did they have to sign a form, circulate it and notify the members, or did they just have to...

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)

Seán Fleming: I am pleased Ms Finan should say that even though it makes our job difficult. Mr. Rowntree said quite the reverse. He said absolutely that a sheet was handed to the chairman-----

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)

Seán Fleming: ----- and the other members sitting beside Mr. Cushnahan had no idea as to its contents.

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)

Seán Fleming: We will move on because we are caught for time. Ms Finan might not be aware that we have been given the Northern Ireland committee minutes for the entire period. The minutes state, "A declaration of interest was made by Mr. Frank Cushnahan in relation to...". We have three lines blanked out that we, as the Committee of Public Accounts, have not received. Ms Finan was aware of it at the...

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)

Seán Fleming: I thank Ms Finan.