Results 22,521-22,540 of 34,778 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) (10 Nov 2016)
Seán Fleming: Our issue is that he is from outside this jurisdiction. NAMA is within the remit of the Committee of Public Accounts. PIMCO is a company outside this jurisdiction. Tom Rice wrote from its London office, so we have an issue.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: I agree.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: What does the Deputy propose?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: No.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: The essence of this is that Fortress, PIMCO and Lazard are all commercial organisations from outside the State. We have no powers of compellability, even if we choose to go down that route.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: Until we get NAMA's response.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: Then we will discuss it.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: We can discuss any points of conflict there may be at that stage. We are nearly there.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: We will hold that. We will send a letter to NAMA within 24 hours asking for a paragraph-by-paragraph response, whether confirmation or disagreement. That is the PIMCO letter dealt with for today. We will come back to it. As I mentioned a short while ago, we are joined by Mr. Seamus McCarthy to give evidence to the committee today. We are also joined by Mr. John Riordan, director of...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: The Comptroller and Auditor General might answer questions.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: I ask the Comptroller and Auditor General to keep going.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: Can I ask an obvious question?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: It is a value for money report.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: I will keep it in layman's language. The Comptroller and Auditor General's report does not reach a conclusion on whether, in his opinion, the State got value for money.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: The Comptroller and Auditor General said there was a probable loss of approximately €190 million.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: Could the Comptroller and Auditor General have said in his report that there was an actual loss? Why did he use the word "probable" rather than the word "actual"? Why did he qualify the word "loss" with the word "probable"?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: Okay.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: I apologise for interrupting. I will call Deputy Connolly in a moment. Does the Comptroller and Auditor General want to complete his-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: Okay. We can go back and forth.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Seán Fleming: We will keep it a little informal at this stage. There will be no ten-minute slots here. We will put quick questions to the Comptroller and Auditor General and have a quick exchange forward and back. I invite him to move on.