Results 11,561-11,580 of 34,627 for speaker:Seán Fleming
- Public Accounts Committee: Business of Committee (20 Sep 2018)
Seán Fleming: We will discuss it next Thursday.
- Public Accounts Committee: Business of Committee (20 Sep 2018)
Seán Fleming: I will suspend the sitting briefly while the witnesses take their seats.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Our meeting today will deal with NAMA's financial statements for 2016 and 2017 and the Comptroller and Auditor General's special report No. 102 on the National Asset Management Agency second progress report, which was published during the course of the summer. We are joined by Mr. Frank Daly, chairman of NAMA, Mr. Brendan McDonagh, chief executive, Mr. Alan Stewart, chief legal officer and...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: I thank Mr. McCarthy for that extensive opening statement. He had a special report over and above what we normally have here. I invite Mr. McDonagh to make his opening statement. He is very welcome. It has been quite a while since he was here so it is good to have him back.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: I thank Mr. McDonagh for another extensive and comprehensive opening statement. The lead speakers today are Deputies Peter Burke, who has 20 minutes, and David Cullinane, who has 15 minutes. All other members will have ten minutes and they have indicated in the following sequence: Deputies Alan Kelly, Catherine Connolly, Marc MacSharry and Catherine Murphy.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: On that case, did the State recover the full par value of the loan?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: That is all I am asking. There was no surplus-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Correct.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: I am just making the point that if more than the bank debt had been cleared, some of it might have gone back, but it did not. It is just an example of how bad the first loan was------
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: May I interrupt for a moment? I have to leave for 20 minutes or so, and the Vice Chairman has to leave. The next speaker scheduled after Deputy Peter Burke is Deputy David Cullinane, who is to be followed by Deputy Catherine Connolly. In light of that, and with the committee's agreement, I ask Deputy Shane Cassells to chair the meeting for the short period during which we are away. Is...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Just to clarify, is it an individual debtor or a group?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Is it a large group or a small group?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Can Mr. McDonagh describe the location?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Deputy Cullinane will get another opportunity to speak.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Mr. McDonagh might send it to the committee directly.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: On that point, Mr. McDonagh mentioned the increased valuation of the site and he made a big play in his opening remarks about the Poolbeg West project. He says that NAMA got its designation in 2016 and it will be 2020 before a house has been started on. It will, therefore, be at least 2022 before somebody moves into a house there all going well. That is a time lag of six years. It dawned...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: It will not happen there but it could happen on the Player Wills site?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: But it could happen on the Player Wills site?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Are there many other major sites because Mr. McDonagh said in his opening remarks that two thirds of all of NAMA's property assets are in Dublin now?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018) Seán Fleming: Some 70% of the assets NAMA is sitting on now are in Dublin.