Results 10,081-10,100 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 (29 Sep 2016)
Mary Lou McDonald: If Mr. McCarthy or I were in charge of asset management, we would anticipate seeing it in some of the records at some stage and would say: "Hang on a second. Perhaps we need to do that", even if it was then decided that it was not a necessary exercise. I just wanted to clarify that. Did the Comptroller and Auditor General find any evidence that NAMA had foreclosed on any of the debtors...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: Mr. McCarthy did not examine any paperwork-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: -----and he has no information in that regard.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: One of the shortfalls that Mr. McCarthy identifies in terms of good practice, when all of this comes to light around fixer's fees and Mr. Cushnahan, was a failure to revert to the National Treasury Management Agency, NTMA, compliance division or service. It seems to me to be a fundamental omission. Who from the NTMA was on the board of NAMA at the time when all of this came to light? I am...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: Was 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)
Mary Lou McDonald: So the NTMA has full board membership. Can Mr. McCarthy say if the NTMA person was in attendance when these matters were discussed by the board?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: That is right, yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 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 (29 Sep 2016)
Mary Lou McDonald: For the purposes of the committee, which names should members be looking at?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: Is that not an extraordinary thing then, when it occurs to Mr. McCarthy in his exercise that an obvious thing to do was to go back to that service and guidance that one relies on in terms of compliance for some form of advice or steer? They failed to do that. Not alone that, but one of the people involved in the conversation is actually the most senior person in the NTMA. Mr. McCarthy...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: When did they furnish them with this gem of information?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: Did Mr. McCarthy see a piece of paper with that written down?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: Yes, but is it written down on headed notepaper that says NTMA compliance, or did Mr. McCarthy not see 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)
Mary Lou McDonald: Right. We will see whether that is there. We know that Mr. Daly has sought to discount, and in his view it is the correct thing to say, that the Northern committee had no real clout, no decision-making powers and so on. However, he went further in his eagerness to confront Mr. McCarthy's report. He is on the public record as describing this committee as a talking shop. I understand 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)
Mary Lou McDonald: Could I invite Mr. McCarthy's comment on the composition of the committee? Obviously it was not the board, but it did have full board members on it. It also had very senior persons, for instance, the head of asset recovery.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: Very key people with access to all information - correctly, not inappropriately. I would have thought, looking at that line-up, that far from being a marginal, peripheral or inconsequential kind of gathering, fairly influential figures were around that table - knowledgeable people as well.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: They were appointed initially by the former Minister, Mr. Lenihan, back in the day, and then reappointed by the Minister, Deputy Noonan, in 2012. 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 (29 Sep 2016)
Mary Lou McDonald: Okay. I thank Mr. McCarthy.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: I thank the Chairman and welcome back the gentlemen. It is not their first appearance before this committee and I have a sense that it will not be their last visit. I am struck, in the first instance, at the very trenchant criticism levelled by NAMA at the Comptroller and Auditor General. It is in marked contrast to the approach taken by that office at our hearing this morning. If I...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)
Mary Lou McDonald: Therefore, Mr. Daly's criticism is-----