Results 22,541-22,560 of 34,729 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: I am going to call Deputy Cassells. Deputy McDonald will have an opportunity later to come back in.
- 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: Has Ms Nolan got a copy of this letter?
- 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: For the record, has Mr. Reid something on that?
- 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: Does it refer to PIMCO?
- 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: A mobile phone is ringing again. I ask everybody to ensure their phones are switched off as the interference they cause affects the recording of the proceedings.
- 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: Before I call Deputy Madigan, I wish to follow up on one point. I think the witnesses said that the Department's main concern related to the commercial aspects of NAMA. It would have been concerned if the Comptroller and Auditor General, had strayed into that, which he did not and the Department accepts he did not. Did Ms Nolan suggest to Deputy Cassells that regarding the sale there was...
- 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 understand that.
- 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: Is Ms Nolan saying, therefore, that the report is right and that NAMA cannot prove it did get the best price for that?
- 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 read one sentence of Ms Nolan's opening statement: "I also confirm that in each interaction with our Northern Ireland counterparts, it was stressed that NAMA was independent in its functions, should be approached directly by interested parties, was obliged to run a competitive process, and must be satisfied that it had achieved the best price." Ms Nolan is saying it is impossible-----
- 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, so Ms Nolan-----
- 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: How do we know the reserve price? Ms Nolan cannot answer that. Is she satisfied it got the best price?
- 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 are just trying to get opinions. If the answer is that Ms Nolan cannot answer, that is an answer.
- 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: Ms Nolan said in her opening statement it was NAMA's obligation to run a competitive process. Is she satisfied it was a competitive process in light of how the process evolved with only two bidders?
- 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 know that.
- 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 only raised it because Ms Nolan raised it in her opening statement.
- 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: Ms Nolan is suggesting we should talk to NAMA on the detail.
- 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 Department was aware of it from March 2014 when it received the phone call.
- 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 check the dates.
- 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 want to allow Deputy Connolly to make her contribution and advise Deputy Cullinane he has gone over time.
- 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 call Deputy Connolly at this stage.