Results 31,781-31,800 of 33,126 for speaker:Catherine Connolly
- Public Accounts Committee: Business of Committee (10 Nov 2016)
Catherine Connolly: NTMA is actively reviewing its policy as we speak. Is that correct?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: While we are on the issue of witnesses, will we come back under any other business? We have invited just about everyone but we have failed to invite Fortress. Maybe we might come back to that at the end.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: It completes the circle.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: We might be premature in that regard. I agree that we must be awfully careful. The narrative of this letter is completely different. That is as much as I would say about it. I will await and keep silent-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: Until I get NAMA's response.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: Then we can take-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: When was this confirmed?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: I thought I was very quiet today-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: First of all, I welcome this opportunity to hear from the Comptroller and Auditor General again. He has shown great dignity in listening to a narrative which is quite the opposite of that which is contained in the report. It is good that Mr. McCarthy is getting the opportunity to look at that today. On the issue of fair value, I am a little confused. There are three values at play....
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: Yes, I got that one-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: That is okay, I understand that now. Mr. McCarthy has said that he is standing over his report, that he has had the benefit of listening to all the evidence from the various witnesses who have appeared before this committee and that he is not changing one single thing in his report.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: I welcome that clarification. Mr. McCarthy has provided that clarification after listening to all the evidence laid before this committee over the past few weeks.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: On the draft report?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: One of the criticisms made is that the Comptroller and Auditor General did not engage with NAMA. He has come back and said that is not true. Leaving aside that criticism, Mr. McCarthy has heard the evidence and read all the documents presented by NAMA. Has any of it changed his mind?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: To go back to what Deputy Peter Burke said about commercial decisions, Mr. McCarthy has made it clear from day one that he will make no comment on NAMA's decision to sell and on whether that was commercially correct. He has repeated that here today.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: Mr. McCarthy did not pluck the 5.5% figure out of the sky. There are three pertinent documents produced by NAMA for this committee; one from Mr. Brendan McDonagh on 29 September, one from Mr. Frank Daly on the same date and one from NAMA, unsigned, on 14 September. In those documents it is argued that the Comptroller and Auditor General has a "misplaced attachment" to an accounting value...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: I do not expect Mr. McCarthy to comment. I have re-read the documentation and God help us, as committee members, we must re-read the stuff. That is our job -----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: That is our job. On 29 September, Mr. Brendan McDonagh asserted that the Comptroller and Auditor General's report has adopted a position which would not be accepted by "anyone engaged in actual loan sales in Ireland or anywhere else". The statement uses that type of language throughout. Basically, the assertion is that the Comptroller and Auditor General's office did not have a clue. Mr....
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: There were a number of other issues.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)
Catherine Connolly: Does Mr. McCarthy want to comment on those issues?