Results 9,601-9,620 of 21,440 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) (17 Nov 2016)
Mary Lou McDonald: Mr. Corrigan absolutely accepts that, not least because of his former relationship with the NTMA, the compliance unit of which gave compliance support to NAMA. 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) (17 Nov 2016)
Mary Lou McDonald: Had that information been given to Mr. Corrigan, there is no question that it was a reportable matter.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: In respect of when it became apparent that Mr. Cushnahan was in line for these fees, the Minister for Finance has accepted that there had been a compromising or corruption of the process because of all of that. Why did the board not turn to the NTMA for advice and assistance? Was there any correspondence between the board of NAMA and the NTMA compliance unit?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: So the board did not contact the NTMA because it was concerned about reputational damage?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: That was the board's rationale?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: Was there was no contact with the NTMA compliance people because of a concern around reputational damage?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: Was the board concerned about reputational damage to itself?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: Its position remains-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: For absolute clarity, Mr. Corrigan's statement is that on 13 March 2014, he was not made aware of the involvement of Mr. Cushnahan, Brown Rudnick and others with PIMCO as far back as April 2013. Is that the case?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: But he was aware of the involvement of Brown Rudnick and Tughans. Is that the case?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: This date is in the minutes and none of the witnesses are giving us a satisfactory explanation as to why it is there. God knows, they did not give colour or-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: No, it is not.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: That is fine. I am sorry to intervene but we have heard a good deal of that before. We have heard explanations of fair value and, for example, if a firm was to sell assets now, what might happen. We have also had our attention drawn to a distinction in terms of the discount rate that a potential purchaser would apply and as the seller. We do not have the scope to challenge of that now,...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: That is irrelevant.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: The Deputy has a line of questioning.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: Mr. Neporent is very welcome and I thank him for making the journey. I acknowledge the spirit in which he is appearing before us to assist us in our examination. It is greatly appreciated.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: I want to focus on the engagement of Brown Rudnick. Mr. Neporent has stated Tuvi Keinan, a partner of Brown Rudnick, made an unsolicited approach to Cerberus in mid-March. How did Mr. Keinan know that Cerberus was engaged in the bidding process?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: But at no stage did he reveal to Cerberus how he might have known.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: Mr. Neporent says Mr. Keinan indicated that, in the event that Cerberus was not minded to engage his services and those of Tughans, he would offer them to another bidder.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Mary Lou McDonald: Did he reveal at any stage whom he might have imagined the other bidder to be?