Results 22,701-22,720 of 34,778 for speaker:Seán Fleming
- Public Accounts Committee: Business of Committee (25 Oct 2016)
Seán Fleming: We will write first, get a response and then decide our work programme. Members can see on the next page that the Sea-Fisheries Protection Authority also had a clear audit report. We can move on except that we will write to the HSE for further information. The next item on our agenda is our work programme and Members can see it on the screen in front of them. Today, as part of our...
- Public Accounts Committee: Business of Committee (25 Oct 2016)
Seán Fleming: That is exactly what I said.
- Public Accounts Committee: Business of Committee (25 Oct 2016)
Seán Fleming: There have been a request to meet the Comptroller and Auditor General early before the meeting.
- Public Accounts Committee: Business of Committee (25 Oct 2016)
Seán Fleming: It has been sought before we get to the final meeting. We will get the secretariat and members to schedule a date. The Dáil is not sitting next week so the meeting will probably take place the following week when we are back, but that is subject to agreement all around. As there is no other business, I propose that we suspend for a few moments to allow the witnesses to take their...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Today the committee will continue its examination of the Comptroller and Auditor General's special report No. 94 on the National Asset Management Agency, or NAMA as it is better known, and its sale of Project Eagle, the code name given to the sale of its Northern Ireland loan portfolio. To date we have met with the Comptroller and Auditor General to discuss his report, representatives of...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: I thank Mr. Collison. The first speaker indicating today is Deputy Bobby Aylward, to be followed by Deputy Noel Rock. The first speaker will have 20 minutes, the second will have 15 minutes and all other speakers will have ten minutes. I will indicate when there is one minute left in the time slots and members will have an opportunity to contribute a second time. Before I open the meeting...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Why the reference to 2009?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Is the red book valuation in 2009 the value at which NAMA took over the loans?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Explain the difference.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: When were those valuations done?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: That is news.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: There are two points that I want clarified in the public interest. On the 2009 red book valuation, I will ask Mr. Collison to go through it again because it is important. It is not the value when NAMA took over the loans.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Could the witnesses explain-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: The witnesses are doing very well so far in terms of layman's English but there are two points-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Correct.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Twenty what?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: Instead of-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: So the long-term economic value was-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: So Mr. Moriarty is lowering the bar.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)
Seán Fleming: We will ask NAMA to send us a note on that because the EU agreeing the long-term economic value is probably history but what Mr. Moriarty is saying is very important. If NAMA is to be judged on €26 billion rather than €32 billion, that is significant. Will NAMA send us a note on that?