Results 9,821-9,840 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) (10 Nov 2016)

Mary Lou McDonald: We have, and Ms Nolan is here now and I am asking for her view. She was the strategic overseer of people of NAMA, she has an ongoing relationship with them and she surely has a view with regard to those conflicts of interest as public servants.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Perhaps the witness would just explain this to me as I need to have it clear in my head. Ms Nolan has this relationship with NAMA, she meets with them, she takes a strategic overview role and Mr. Reid is the point person for that aspect. Ms Nolan works more closely with the Minister.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: I am trying to get a-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Ms Nolan speaks to the chairman of NAMA and she speaks to the Minister etc., etc.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: What does she give? Is it guidance, counsel, advice or feedback?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 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) (10 Nov 2016)

Mary Lou McDonald: But not on Project Eagle? Ms Nolan took the call, she was informed about PIMCO, she was not in that conversation, she did not know about what was contained in other documentation - I can accept that - and she does not have a view on conflicts of interest-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: -----in terms of-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: -----in terms of Project Eagle. Did Ms Nolan give the Minister any advice?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: I did not ask Ms Nolan about a "what if" scenario. I asked about the actual scenario.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Why was Ms Nolan told?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Not "we". I understand why the Minister was told. Why was Ms Nolan told?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: It was just to keep Ms Nolan in the loop.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: That is not very helpful from a public interest point of view, is it?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: I would have thought telling Ms Nolan and the Minister should have triggered something somewhere in the system, but I might be just an innocent and naive soul.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: When Ms Nolan was last before the committee on 6 October, she said she raised the issue of the discount rate. She will be aware that it has been a matter of contention. The established rate was 5.5% as agreed by the NAMA board yet NAMA says the discount rate applied in respect of the Eagle Project was 10%, that that was the appropriate rate and so on. Ms Nolan said at her last appearance...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: I thank Ms Nolan. Can we have absolute clarification on that because Mr. Reid went on to state:May I clarify the concern ... raised at the beginning? The discussion was less about the discount rate per se ... The testimony we have is that the discount rate was not raised per seor otherwise. Can Mr. Reid clarify that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: I thank Mr. Reid for clarifying that because it was a matter of-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: For the purposes of clarity, the discount rate was not raised with the Comptroller and Auditor General's office.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Mary Lou McDonald: Precisely. I thank Mr. Reid.