Results 31,861-31,880 of 33,126 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) (10 Nov 2016)
Catherine Connolly: I find that extraordinary. Ms Nolan has maintained that on both appearances before the committee. The Minister was fully aware in March 2014, at the very latest, that there were success fees in question and of Mr. Cushnahan's involvement. Ms Nolan and other witnesses have repeatedly stated that Mr. Cushnahan had now departed from the committee so that was the end of that.
- 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 understand that PIMCO clearly confirmed that there was a success fee to be divided between the three parties, that it communicated this to NAMA and that the chairperson of NAMA then telephoned Ms Nolan and the Minister personally. Is that not 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: Therefore, the Minister was perfectly aware of the success fees and that a portion of those fees was allegedly going to Mr. Cushnahan.
- 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 have asked this repeatedly of different witnesses, but at that point did alarm bells go off?
- 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: Good. What did the Department decide to do?
- 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: The Department decided to ensure that PIMCO-----
- 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: Having asked the question, Ms Nolan immediately said the Department stopped the process. She has now clarified to say that did not happen.
- 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: No-----
- 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 are all tired.
- 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: Let me return to the paragraph where it is written that it is a fundamental mistake to think the Minister could have done something.
- 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 was just finishing before the break, but we have come back with more energy. I am not sure, however, which side has the most energy. I was asking Ms Nolan what the Department had done when there was a discovery about the payment, particularly to Mr. Cushnahan. She gave two contradictory replies.
- 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 have two points to make in that regard. My question was about what the Department had done about it.
- 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: The Department did not take any action. It relied on what NAMA had told it.
- 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 understand Brown Rudnick was under an obligation to tell NAMA it was acting as legal adviser.
- 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 was not.
- 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: The Department of Finance had no role whatsoever.
- 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 the alarm bells did go off in Ms Nolan's head, the Department went back to NAMA which reassured it. Ms Nolan's colleague is nodding. That was the end of the Department's role.
- 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: Ms Nolan did not believe she had any other role.
- Social Welfare Bill 2016: Second Stage (Resumed) (9 Nov 2016)
Catherine Connolly: Gabh mo leithscéal, but it is now Deputy Carey's time.
- Social Welfare Bill 2016: Second Stage (Resumed) (9 Nov 2016)
Catherine Connolly: I understand Deputy Eamon Ryan is sharing time.