Results 22,941-22,960 of 34,729 for speaker:Seán Fleming

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 37 - Department of Social Protection
Chapter 9 - Regularity of Social Welfare Payments
Chapter 10 - Roll-out of the Public Services Card
Social Insurance Fund 2015 (20 Oct 2016)

Seán Fleming: On behalf of the Committee of Public Accounts I thank all the witnesses from the Department of Social Protection and the Department of Public Expenditure and Reform, even though they got off lightly today, for participating in today's meeting. I also thank the Comptroller and Auditor General and his staff. Could we agree to dispose of the 2015 Appropriation Accounts, Vote 37, and the 2015...

Written Answers — Department of Social Protection: Household Benefits Scheme (20 Oct 2016)

Seán Fleming: 143. To ask the Minister for Social Protection if he will review the means test for the household benefits package with a view to excluding those on the youth social welfare payment of circa €100 (details supplied); and if he will make a statement on the matter. [31248/16]

Written Answers — Department of Social Protection: Fuel Allowance Eligibility (20 Oct 2016)

Seán Fleming: 144. To ask the Minister for Social Protection the reason a person (details supplied) cannot receive the fuel allowance; if he will grant the fuel allowance to the person based on the history; and if he will make a statement on the matter. [31249/16]

Written Answers — Department of Agriculture, Food and the Marine: Horse Racing Ireland (20 Oct 2016)

Seán Fleming: 244. To ask the Minister for Agriculture, Food and the Marine considering where public bodies advertise to open procedure - non-OJEU - on the e-tenders website (details supplied), his views on the circumstances whereby registered e-tender users logged on to find neither the invitation to tender nor any other document for the advertised competition had been uploaded to the system, thereby...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: Apologies have been received from Deputies Peter Burke, Alan Farrell and Josepha Madigan. Today the committee will continue its examination of the Comptroller and Attorney 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,...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: Yes.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: Fine. We will do that and it has been noted by the secretariat. Standard procedure from now on will be that after every meeting, we will send NAMA a letter regarding any documentation we need to obtain from it because I am sure something will come up today that will require clarification. It will be routine that at the conclusion of each meeting, the secretariat will send a letter, on the...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: I thank Mr. Soffe.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: I thank Mr Soffe. I now invite Deputy Catherine Murphy to commence the questioning of our witnesses. She will be followed by Deputies Cullinane, Connolly, Kelly and McDonald.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: I ask the Deputy to conclude.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: The Deputy will have to conclude so we can go to the next speaker.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: Yes.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: That is the Deputy's last question. Mr. Soffe will respond to that and then I will invite Deputy Cullinane to contribute.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: What is the page number?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: Which paper?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: The paragraph to which Mr. McEnery referred, on page 146, and which mentions the rate of 10% begins as follows: "In NAMA AR [asset recovery] experience, a party buying a non-performing loan portfolio ... is likely to discount the value of the underlying security by at least 10%...". In other words, the 10% rate is relevant to the buyer, not the seller. That sentence which is the only...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: Yes. Mr McEnery also talked about loans and receivables. I remind him that those financial statements were signed off on by the directors on 9 May 2014. In other words, they were written after the agreement on the sale price. Mr. McEnery referred to the 2013 accounts to show this was the policy in 2013. Maybe it was; maybe it was not. What we can say is the financial statement was only...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: However, Mr. McEnery did not say that.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: The statements were written in May 2014.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Seán Fleming: Exactly.