Results 32,621-32,640 of 33,139 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 (29 Sep 2016)
Catherine Connolly: Okay. I just want a context for what we are discussing-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Then it comes to the point of sale.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: There are impairment figures on top of that. The witness said they were approximately £480 million or the like, where it comes down further.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Then, without any valuation, a price of £1.3 billion is put on it. Then the Comptroller and Auditor General says that we have now lost, in addition, probably £190 million.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: That is the context.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: The poor quality of the loans has been mentioned by NAMA. We have all received the briefing papers to the Minister for various meetings in Northern Ireland. The briefing papers refer to 70% of the Northern portfolio being complete property and income producing.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: The breakdown of the portfolio has been provided. It had everything from offices to shopping centres. I believe there were 24 shopping centres. It was income producing.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: With regard to Lazard, I asked what fee was paid. The fee was repeated by Deputy Alan Kelly. It was approximately £4 million.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Lazard was brought in for a limited period of time.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Does Mr. McCarthy have a view about the amount of money that was paid to Lazard? Does he have a role in assessing that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Presumably Lazard had less work to do than in the case of the two projects to which the witness is comparing it.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: It did not carry out a valuation.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: It had a limited role compared with the others.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Does Mr. McCarthy have a view or role in assessing the value for money of the money given to Lazard?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: The witness said that NAMA could have done more with regard to the conflict of interest and following it up when it was highlighted. Would it be wrong to say "should"? Should it have reported it to the Garda, even retrospectively?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: It was acknowledged earlier that PIMCO was in the race early. In fact, it was in the race from very early in 2013, meeting Northern politicians. Was Mr. McCarthy aware of that going back to March or April, well before the unsolicited connection was made with NAMA?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: With regard to the experts that came forward, is it correct that there were four of them?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: One of them was Lazard, the advisers to PIMCO.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: Was Cushman & Wakefield advisers to PIMCO when it came forward and gave an expert opinion?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Catherine Connolly: It was adviser to one of the bigger-----