Results 11,621-11,640 of 34,618 for speaker:Seán Fleming
- 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: NAMA published that.
- 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 have a few questions. I have listened to an interesting and useful meeting here. My questions will range quite a bit and cover a variety of topics. Looking at the macro picture, and not specifically housing at the moment, how much of NAMA's total income was generated through the sale of underlying assets versus the loan sales, if Mr. McDonagh knows what I mean? Of its total disposals,...
- 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 €11 billion in receipts?
- 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: Approximately €24 billion came from the sale of the underlying assets. Will Mr. McDonagh give me a geographic breakdown of where the loan sales were purchased? How much of that €11 billion was received from American vulture funds, as opposed to the Irish market or the English market?
- 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 €11 billion went mainly to the USA.
- 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 is mainly the US because they were not operating in Ireland. We saw, during Project Eagle, most of the main players were-----
- 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: Or Middle East buyers.
- 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: In terms of the sale of the underlying assets, would Mr. McDonagh have an approximate geographic breakdown? Would most of them have been sold to Irish resident companies?
- 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 want to know the country of origin and the geographic breakdown of the sales of the underlying assets of the €24 billion.
- 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: The purchasers, yes.
- 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: Yes, the purchasers.
- 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: Would much of it have been America?
- 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: What about from outside the State? Of the €24 billion of underlying assets, how much would have been sold to organisations resident outside the State?
- 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: At least €15 billion of the €24 billion.
- 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: Maybe even €20 billion. NAMA is about 90% of the way through the project it was given ten years ago. I am trying to get the big picture of what happened rather than waiting for someone to do a thesis in ten years time. I want to learn a bit before that. I am getting a picture that shows €11 billion of loans being sold substantially to American and other foreign investment...
- 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: Yes, but they were Irish loans.
- 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: No. I am trying to get a picture of NAMA from beginning to end. The €71 billion in bank loans were in Irish banks and financial institutions. I want to know where those loans, which were discounted by approximately 50%, ended up. In what country did they end up? How much of the €71 billion in loans ended up being controlled by financial institutions outside the State? This...
- 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: Does Mr. McDonagh not have an idea?
- 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: If I am asked to tell the story of NAMA to a later generation, it is beginning to look to me like the story will be that we had €71 billion of debts in Irish financial institutions and set up an organisation, a temporary holding company, whose function was to export the ownership of the vast majority of that €71 billion to foreign investment companies. We took it from the...
- 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: Do the witnesses understand the picture I am describing? We started with €71 billion. Where has it ended up now?