Results 32,661-32,680 of 33,581 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) (18 Oct 2016)
Catherine Connolly: I have asked Mr. McEnery to deal with what the Comptroller and Auditor General raised. He has not dealt with a single question. Our time is limited, and he is quoting from a section 227 report. The Comptroller and Auditor General simply said there was a strategic change of plan, and there is no evidence in the contemporaneous papers that he examined to justify that change of plan. That is...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: Mr. McEnery is still not dealing with the question.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: That is right. That is why NAMA sold it off.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: It confirmed that in a letter to the Minister where it stated that the Government was under pressure regarding the senior bond date, and this had to be sold.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: That was the driving force.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: I shall ask a number of brief questions for clarification purposes. Page 5 of Mr. Soffe's opening statement reads: "I share the concern of the NAMA Chairman that the C&AG ignored the independent market advice". Can Mr. Soffe outline the circumstances? I think four firms gave advice.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: Was the advice given after the event?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: Was that relevant up in Dublin?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: Was that in 2016?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: The board had no independent advice when the decision was made.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: Out of those four, it has been said that Lazard gave independent advice. Was it also Wakefield & Cushman?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: Was it Cushman & Wakefield?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: Is Mr. Soffe saying the company gave independent advice?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: I want the four companies confirmed.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: KPMG was one. Lazard was two.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: I understand but I am talking about the four companies that the witnesses have quoted as giving the board independent advice retrospectively. Who were those four companies?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: The witnesses have confirmed that they were independent. That is what you said.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: That is okay, I have them. Was the advice given retrospectively?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: That is okay so that is no problem.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Catherine Connolly: I wish to stop Mr. McEnery. That was not said here. I asked a very specific question and the clock is running against me. The witness is an expert at talking me down on the clock time. My specific question is as follows. The witnesses have referred to independent advice. Mr. Soffe specifically mentioned the Comptroller and Auditor General in his ten page statement. I have asked Mr....