Results 31,241-31,260 of 33,123 for speaker:Catherine Connolly
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: It does because Mr. Daly has quoted him today; "fully endorsed the process". Mr. Daly has chosen to say that today and he is entitled to, but Mr. Long also said that PIMCO had an advantage and NAMA chose not to take that on board. He also said he should have been told. That is what he said. When he gave NAMA an assurance, it was a qualified assurance on the information given. Does Mr....
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Mr. Daly can then follow up depending on how long the Chair gives us, but my question is-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: -----whether he accepts what the Comptroller and Auditor General has outlined; that it was a qualified reassurance.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: I do not know how Mr. Daly can say that because he came in and said that PIMCO had an advantage. Does Mr. Daly not accept that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Can Mr. Daly just remind me if he accepts that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Good. He does not accept that. There is therefore a clear conflict of evidence between what Mr. Daly and his team are saying and what Mr. Long said. He told the committee that PIMCO had an advantage.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: He said it and he was NAMA's sales adviser.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: He has actually said that to this committee, so I do not need to keep going on. He said it and NAMA does not accept it. Earlier, I asked Mr. Collison about the interaction with Lazard and the bidders. Perhaps he could clarify that for me. I asked if he accepted that the understanding set out was understanding set out. We will not quote it at this time of the evening, but Lazard came back...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Then, I asked Mr. Collison what happened after that.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Was that the only change made?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: What does "the pitch book" mean?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Was that disclosed to us?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: No; did we get it?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Okay.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: We will come back and clarify the matter. If we have it, we have it. If we do not have it, we will get it.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Therefore, was it NAMA that placed Oaktree in the first three?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: One second. Did Lazard come with three? Did Lazard come back to NAMA and say that these were the three it was putting in the top tier?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: So Oaktree went up and Cerberus came down.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)
Catherine Connolly: Therefore, NAMA put more value on Oaktree at that point.