Results 31,521-31,540 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) (22 Nov 2016)

Catherine Connolly: It happened within a very brief time. Did Cerberus tell Lazard?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: Should Cerberus have told Lazard, according to the non-disclosure agreement that was sent out?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: That is okay. I appreciate Mr. Long wants to be very careful.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: Mr. Long was also reminded that no informational materials, including the fact that the portfolio exists, may be disclosed to any external advisers without pre-approval from the seller. Mr. Long sent out the letters. Were the agreements complied with by Cerberus? Is Mr. Long's answer that he does not know?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: In simple, plain English, not legal language, did Brown Rudnick come back and say it was working for PIMCO up to a few days ago and now we are working for Cerberus, is that okay with Lazard?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: Good. They did not say that. That is great.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: Mr. Long can come back to the technical breach.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: I will finish very quickly. In relation to the continuous mantra that this was a very difficult property portfolio, Mr. Long has looked in detail at the Comptroller and Auditor General's report. If he looks at the chapter that I cite repeatedly, figure 4.5 on page 70 relates to the European real estate loan sales market. It goes on to show the various companies interested and the various...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: Mr. Long did not.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: Did Mr. Long meet with NAMA since he was called to come before the committee as a witness?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: Mr. Long said that he was repeatedly told that this was a difficult portfolio.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: Mr. Long's evidence was that he was told repeatedly by NAMA board members and he listed them.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: We were repeatedly told there were difficult debtors.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: There is no evidence of that anywhere in the report. Number two-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: Of difficult debtors. In fact, when I looked at the meetings of the Northern Ireland Advisory Committee, they spoke about performing loans and returns on loans. I asked Mr. Long whether he read the report, which drew conclusions. In respect of what he said about competitive tension, PIMCO withdrew and he has no idea why it withdrew.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: They were there from earlier on. The NAMA board held a normal scheduled meeting. What was recorded was that Lazard was to be appointed and simultaneously PIMCO was to continue on with NAMA's permission to examine the portfolio in parallel with NAMA going out to Lazard. The final sentence stated that this was as much to give protection to PIMCO about the integrity of the process. Mr. Long...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: Not entirely?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Connolly: One of the many conclusions of the Comptroller and Auditor General was that PIMCO appeared to have had an advantage having been in the race from early on. Even when he wrote this report, he was not aware that PIMCO was in it. It has come out that PIMCO was in it even further back, was in the data room and had a competitive advantage. Now that Mr. Long knows all of this, would Mr. Long...

Written Answers — Department of Justice and Equality: Direct Provision Data (22 Nov 2016)

Catherine Connolly: 125. To ask the Minister for Justice and Equality the number of persons currently residing in each of the direct provision centres that have been granted refugee status, subsidiary protection status or leave to remain, in tabular form; the supports in place to assist these persons to move out of direct provision; if she has discussed the most appropriate way to accommodate those persons...

Written Answers — Department of Housing, Planning, Community and Local Government: Rural Resettlement Scheme (22 Nov 2016)

Catherine Connolly: 242. To ask the Minister for Housing, Planning, Community and Local Government the amount of money granted to rural resettlement each year since 2012, with regard to the Government's commitment to rural resettlement; the current uptake of the scheme; if he will reinstate funding to Rural Resettlement Ireland, funding for which was cut in 2012; and if he will make a statement on the matter....