Results 32,721-32,740 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: No, I will give Mr. Daly time to respond - honestly. I just want to ask my question. If he wants, he can give a longer answer, subject to the Chairman, who is in charge. This 5.5% has been referred to repeatedly, and the debate that the witnesses want and which they are trying to steer is clear in that regard. I put it to Mr. Daly that the Comptroller and Auditor General did not pick the...
- 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 okay. Mr. Daly has made 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: That is okay. I have heard him say-----
- 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: Mr. Daly is reducing it down again. The simple question I asked was whether he took it out of his head. Mr. Daly's answer is "No", that he took it from NAMA's board meetings but he applied it inappropriately. He did not take NAMA's caveat into account.
- 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: I do not agree with Mr. Daly but I hear what he is saying. He made this comment in the context of a report in which conflict of interest was also of major concern to him, not just the price. Is that right? The conflict of interest got a whole chapter, which Deputy McDonald has gone through, as have others. Looking at it, I see PIMCO having to withdraw and I say, thanks be to God for its...
- 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: Yes, it was a success fee. Therefore, PIMCO was not successful. Is that right? Its advisers would not get anything.
- 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: For NAMA, PIMCO is gone, so that is its problem gone. It does not need to worry now. It does not need to go after Mr. Cushnahan or write him a letter or anything. That is its headache gone. Then we have Cerberus, which takes on the exact same legal advisers. Mr. McDonagh is shaking his head. I have listened carefully to this. Cerberus comes in and has the exact same legal advisers,...
- 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: I heard that, but they are two legal entities. Is that right?
- 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: Absolutely. In fact, some of the Northern Ireland advisory committee meetings were held in Tughans' offices. Is that right? Was Mr. Daly there?
- 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: He was. He was in 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: Did it ever occur to him that it might pose difficulties that he was holding meetings in Tughans' offices?
- 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: Used their offices.
- 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: I agree with Mr. Daly that the Comptroller and Auditor General has set this out very fairly and very clearly.
- 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: I am looking at the facts as they have been stated. I have to raise serious concerns on behalf of the public. We heard the figures that were mentioned a minute ago. Monopoly money is not in it. We heard about more than £4 billion being reduced to £2.5 billion and then to less than £1.3 billion. The only person suffering here is the taxpayer. I am asking my questions in...
- 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: I did not lay it at anyone's door.
- 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, so I am just going to-----
- 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: I did not. I want to use my time because the Chair is going to come in on me. I am setting the context for the taxpayer. Ultimately, we are here for the taxpayer. A question has already been asked about the offices of the two solicitor groups that came in on behalf of Cerberus, albeit described as "strategic advisers" rather than as "legal advisers". I do not like repetition. Did bells...
- 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: No, I am not worried-----
- 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: Did it not occur to him that there might be-----
- 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: Did such an assurance not worry Mr. Daly?