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Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

John Deasy: I have a quick question for Mr. Moran. The key point he made during his exchange with the Chairman was that with regard to the individuals seeking to buy IBRC loans, there was one substantial e-mail which was passed on to an officer dealing with it in the Department of Finance. Is it the case that there was just one e-mail?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

John Deasy: Did Mr. Moran speak to the Barclay brothers or meet them or their representatives?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

John Deasy: I wish to comment on what Mr. Daly said in his opening remarks. He spoke about unquestioning credibility and I would say that is not universal. We are dealing with a lot of public money here and with a public body. That is the gig we are in. It is good we have had this opportunity before Christmas to deal with this, and from my perspective, this meeting so far has been fairly...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

John Deasy: I do not have it.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

John Deasy: I thank Mr. Daly for that.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

John Deasy: Again, with regard to recent press coverage, is there a senior Garda officer liaising with NAMA on these complaints?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

John Deasy: Essentially, there is no specific liaison.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

John Deasy: I want to move on to staff turnover. When Mr. McDonagh attended the committee in September, we spoke at length about the fact that one of the biggest deterrents to passing on information is the threat of prosecution under the Official Secrets Act as well as the NAMA legislation and contractual arrangements and so on. It is fair to say many civil servants are covered by the Official Secrets...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

John Deasy: Chairman, I thought it a little unusual that you changed the conventional procedures of this committee by questioning Mr. Moran first. I listened to that exchange and I believe Mr. Moran is in an invidious position. He has received a ruling from within the Department that this is commercially sensitive information, so he has answered the question from my perspective.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012
(20 Dec 2013)

John Deasy: I will start with the issue of undervaluing of loans and the allegations in the media over the past few days. The flavour of the allegations consists of questions about whether NAMA systematically undervalued loans and manipulated the price it paid banks for bad loans that staff were encouraged to deliberately undervalue. Some of the other allegations are that former employees of NAMA - I...

Adoption (Amendment) Bill 2013: Second and Subsequent Stages (19 Dec 2013)

John Deasy: I thank the Minister and her officials for their work. I have a number of constituents who have been affected by the Russian authorities amending their adoption legislation to include a provision requiring a child to be in the national adoption database for 12 months in advance of being placed in an international adoption database. I accept the comments made by the Minister on this being...

Water Services (No.2) Bill 2013: Second Stage (Resumed) (19 Dec 2013)

John Deasy: One of the reasons I want to speak on the Water Services (No. 2) Bill is I recently travelled to Ethiopia with Irish Aid to visit projects there. One of the places we visited was Tigray, the northernmost province of Ethiopia, where we saw the water projects in which Irish Aid had been involved for many years. They remember the Minister of State, Deputy Joe Costello, fondly. Farming in...

Public Accounts Committee: Business of Committee (19 Dec 2013)

John Deasy: On the same point, I do not have a difficulty with sticking around until Friday, but some members might. We might need to check to see if people can stay until tomorrow.

Public Accounts Committee: Business of Committee (19 Dec 2013)

John Deasy: That is really what I am getting at. The Comptroller and Auditor General looked at this issue comprehensively.

Public Accounts Committee: Business of Committee (19 Dec 2013)

John Deasy: He has carried out a review and found that it is in accordance with industry standards. The European Commission has also carried out a review. It is, however, front page news today, which is dangerous. Mr. McCarthy has done his job and found nothing. He has found that it was carried out in the way it should have been.

Public Accounts Committee: Business of Committee (19 Dec 2013)

John Deasy: It is dangerous for an organisation like this if it continues over Christmas. We need to be cautious. I would give NAMA's representatives a chance to answer these questions and say they would welcome an opportunity to do so.

Public Accounts Committee: Business of Committee (19 Dec 2013)

John Deasy: One issue that arose when NAMA's representatives were last here, in September, was that there was a revolving door, with information being passed from NAMA to the private sector. There are questions, beyond what the Chairman has said, that need to be answered. Are the constraints rigorous enough on people who work in NAMA when it comes to passing on information? NAMA's representatives...

Public Accounts Committee: Business of Committee (19 Dec 2013)

John Deasy: Almost everyone has been following what has been carried in the media on NAMA in recent days. That is significant. Because the matter is so pressing, NAMA should be given an opportunity to respond to the committee immediately while these allegations are ongoing. It seems many people would like to see NAMA damaged and leaking information to the media is one way of doing this. We need to be...

Planning and Development (Transparency and Consumer Confidence) Bill 2013: Second Stage (Resumed) [Private Members] (18 Dec 2013)

John Deasy: As far as the general thrust of the Bill is concerned I thought when I read it that parts of it should and could be considered, and now I understand that, contrary to what the previous speaker stated, it will be accepted. My attention was drawn to the section dealing with repeat offenders and ensuring a person's history with planning compliance is taken into account by planning authorities...

Written Answers — Department of Justice and Equality: Garda Recruitment (17 Dec 2013)

John Deasy: 452. To ask the Minister for Justice and Equality if members of the Garda Reserve gain any credits from their work in the Garda Reserve when making a full application to join An Garda Síochána; and if he will make a statement on the matter. [54282/13]

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