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Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: We will move on now.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: There might be another opportunity shortly. I call Deputy Kelly. There are ten minutes for each group.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: We need to move on. Before I call Deputy Madigan, in regard to additional documentation that could assist the committee in its work but has not been received today, I made a conscious decision not to communicate with any of the people presenting here in regard to the provision of additional documentation in advance of our first public meeting. I want this to be the start of our work. From...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: Was this one of NAMA's first ever loan sales?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: In fairness then, even NAMA did not have much expertise in loan sale project, so it would have been difficult for the Comptroller and Auditor General. Mr. Daly is criticising him but NAMA did not have much more experience.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: I thank the Deputy. Members have indicated in the following sequences: Deputies Cullinane, Connolly, Burke and Aylward. They will have ten-minute slots. We will take a break at 4.30 p.m.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: Can the Deputy hurry up?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: There will be no supplementary questions. Once Mr. Daly has finished, we will adjourn for 20 minutes and Deputy Connolly will be next. We will come back to these questions. I always say to members that if they have ten minutes and talk for ten minutes, they cannot expect much in the way of answers. There will be plenty of opportunity to come back in. I ask Mr. Daly to be brief.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: I am suspending the meeting for 20 minutes until 4.45 p.m. when we will take Deputies Connolly, Burke and Aylward. Everybody else will have an opportunity to come in a second time but in fairness to those who have not asked questions yet, they will be facilitated next.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: We are back in public session.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: To interrupt for a moment, I want to be clear. No member of our committee had any sight of any aspect of the report or draft thereof.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: Mr. Daly was not, but I am saying this just in case. We did not get the report until half an hour after it was in NAMA's office.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: Briefly.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: As a matter for the public record, when the Comptroller and Auditor General produced his report, he sent versions of it to NAMA-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: -----and the Department of Finance.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: And NAMA.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: Anybody else?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: And the Comptroller and Auditor General's office.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: I thank Mr. McCarthy.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Seán Fleming: Ask him next week.

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