Results 9,141-9,160 of 21,149 for speaker:Mary Lou McDonald
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: How big was the team that Mr. Long headed up for the purposes of this transaction?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: I would particularly like Mr. Long to check what the personal history and professional interactions might be. Does he know Frank Cushnahan?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Is he surprised that he was in line to get cash success or fixer's fees in respect of this transaction?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: How surprised?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Indeed. When Lazard was appointed there was no tender process. Who in NAMA approached Lazard?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Of course.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: With Ronnie Hanna. What was Cian Kealy’s role in NAMA? Can Mr. Long recall that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: The approach was made directly. There was no tender procedure. Is that not very unusual?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: To bid for a gig like this, to sell a portfolio of this magnitude ordinarily there would be quite a rigorous selection process would there not?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: I am aware of that but I am not asking about that. I would like Mr. Long to focus on the fact and to confirm for me and the committee that it was most irregular to become a loan adviser on the sale of such a portfolio with no procurement process.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: We will come to that. Can Mr. Long just confirm that I have it right that this was most unusual, unique and irregular?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Has Lazard ever got to be loan adviser on a portfolio of that scale? He cited for instance, project Isobel and Octopus, unless I was mishearing. I assume Lazard had to go through a tendering process for both of those.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: It was to be NAMA's standard procedure that there would be such a process. Mr. Long then got a verbal briefing.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: That was from Ronnie Hanna I presume.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Does Mr. Long have any contemporaneous note of what was said to him in that briefing?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Can we see those notes or would there be a difficulty in our having access to the original notes?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Was it unusual for Mr. Long to be briefed on a transaction of this scale and for it to be reduced to a verbal briefing?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: We will come to that in a moment. Mr. Long was verbally briefed. According to the Comptroller an Auditor General’s report, he does not have a valuation role in respect of the portfolio, he advises on marketing but only in a very circumscribed way because the board had taken a position on the transaction. Am I also right in saying that he did not control the data room?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)
Mary Lou McDonald: Why was that?