Results 22,721-22,740 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) (25 Oct 2016)

Seán Fleming: I do not want to delay the meeting so I will move on to my other little question. While I understand it, I ask the witnesses to explain what they mean by the data room. That is not a real room, behind lock and key but an online data-----

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 ask the witnesses to explain it because when one talks about a data room, 90% of people think of a room somewhere. They think of people going in, the doors being locked, mobile phones being turned off and people looking at books. Explain to the public how the data room works.

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: Just to explain, then, it is really a secure site that Cerberus or PIMCO in the US could look at from America.

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: It is not an actual room. The phrase "data room|" confuses people.

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: Was NAMA able to monitor who was going in and out?

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: Okay, it was just that simple point that I wanted to put out in the public domain. People often do not understand what is meant by data room. I now call Deputy Aylward.

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 Deputy has one minute remaining, that is his last question. We will come back to Deputy Aylward again. We are doing 20 minutes, 15 minutes.

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: Mr. Rooney can make a quick comment and then I will call Deputy Rock.

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 said I would call Deputy Noel Rock and there about 15 speakers.

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: Yes. I will come to that documentation. We wrote two detailed letters to NAMA. One letter was written on 5 October to which we got a full reply. It is in the documentation provided to members. We wrote a subsequent letter a week later and a reply arrived last night on a key fob. There is a lot of documentation involved and it was only available to be sent to us today. I accept that it...

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: Mr. Moriarty's point is taken.

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 are where we are in the documentation. It means we have a lot of homework to study tonight when we get this documentation.

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: It does. To be very clear, this morning we gave the clerk to the committee the authority, if any gaps in the evidence arise during the course of the day, to write on our behalf to seek the information rather than waiting for a subsequent meeting to get permission to write the letter. That is going to fast-track the matter. Any member, during the course of tomorrow, the next day or any...

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: Delete this

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 call Deputy Madigan next. The sequence of speakers is Deputy Madigan followed by Deputies Cullinane, Burke, Catherine Murphy, Connolly and McDonald as they indicated they wanted to speak in that sequence. They will each have ten-minute time slots.

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 Deputy has one minute remaining.

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 that the opening statement?

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 reference number is 11 B.

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 can help the Deputy. The reply to the letter we wrote to NAMA on 12 October arrived yesterday evening. It is unfortunate that we did not have it for the meeting. The first paragraph of our letter addresses what the Deputy is seeking. It requests "a full copy of the minutes of the board meeting, including papers presented and discussed". I am expecting what he is looking for to be on...

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 Deputy's time is up.