Results 22,581-22,600 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: But this was one the agency's biggest transactions to date and its first major loan sale. I make that point but Ms Nolan need not respond.
- 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. The question of additional advice for the Comptroller and Auditor General's office came up but it was in connection with the section 226 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: We are all clear on that. Ms Nolan said before the break that she does not agree with the terms "probable loss".
- 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 only reason I raise this is because Ms Nolan brought the topic up in a letter. The next paragraph refers to the setting of the minimum price section of the summary. She states, "The decision to sell the loans at £1.3 billion involved a significant potential loss". She referred to this point and that is the reason I am bringing it up. If it had only achieved £330 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: Given that Ms Nolan brought up this issue and that she is not happy with the term "probable loss", in respect of what figure would it be appropriate to use the term? She is not happy with £1.3 billion because she says that does not prove a probable loss but she would accept a probable loss at a much lower figure.
- 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: There are many other issues in the report and I will not go through them all. Deputy Connolly referred to an issue. There are conflicting views and Ms Nolan may not want to give a view but she represents the parent Department. Earlier Ms Nolan used the word "fine" to describe the report. That is not a strong endorsement of it. If I were to ask her how did she do and she were to answer, "I...
- 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 there any paragraph in the report with which Ms Nolan disagrees?
- 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: When we talk about the figure of €1.3 billion and the reference in the letter to the significant potential loss which changed to probable loss, Ms Nolan essentially moves on in the paragraph to say the content of the feedback from the board should have been given more prominence in the summary and main body of the report, respectively. She is not disagreeing with the Comptroller and...
- 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 the Department have a role in commenting on losses or probable losses in individual transactions?
- 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: Will Mr. Reid tell us who the Department meets and where the monthly meetings are held? We always like to have a feel for what happens. Also, what are the general issues? It was stated there were quarterly and annual reports, etc. How many from the Department of Finance attend and who attends?
- 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: That is what I was coming to.
- 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 CFO. Is it not someone from the assets recovery or social housing section?
- 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: Where are meetings normally held?
- 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: Generally, will Mr. Reid give us a broad sense of the topics discussed?
- 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 Mr. Reid prepare a report for anyone such as a summary of what was discussed at a meeting? Are there minutes?
- 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: Who gets them from Mr. Reid?
- 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: By a lot of staff. Does the Minister see the reports?
- 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: Not normally. What if there was something that merited 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: The Minister has a lot to do.
- 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 the late start. The officials were probably here from early morning, but the early part of the meeting went on a little longer than anticipated. I thank the officials for bearing with us. On behalf of the committee, I thank all of the witnesses for participating in the meeting and the material they supplied. I also thank the Comptroller and Auditor General and his staff...