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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Has there been an incidence in which a client or tenant of the IBRC has received a reduction in rent since headline rents were introduced in 2005 or 2006 or thereabouts?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: Have there been reductions?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I imagine because of the nature of companies that may be based in the State. The parent company might be located outside the Republic of Ireland and the bank's rental agreements may be signed with the parent company outside the State. In dealing with companies within the State I imagine all companies in the aforementioned property portfolio of 100 would be looking for a rent reduction as,...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Business of Joint Committee (31 Oct 2012)

Ciarán Lynch: As this meeting is being broadcast on UPC Channel 207, is it agreed to defer the private session to 1 p.m. before we break for our sos? Agreed. Apologies have been received from Deputies Jim Daly, Stephen Donnelly and Mary Lou McDonald and Senator Sean Barrett.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of IBRC: Discussion (31 Oct 2012)

Ciarán Lynch: I welcome Mr. Alan Dukes, chairman, and Mr. Mike Aynsley, chief executive officer, from the Irish Bank Resolution Corporation Limited. I remind members, witnesses and those in the Visitors' Gallery that all mobile phones should be switched off. This meeting is being broadcast by UPC on Channel 207 and mobile telephones that are switched on will interfere with the broadcast and seriously...

Leaders' Questions (25 Oct 2012)

Ciarán Lynch: Give him as much time as he likes.

Written Answers — Department of Health: Medical Cards (25 Oct 2012)

Ciarán Lynch: To ask the Minister for Health the protocol that applies to the issuance of repeat prescriptions for persons on medical cards; if prescriptions are normally issued weekly, monthly, bimonthly or for longer periods; and if he will make a statement on the matter. [46916/12]

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: That concludes questions. As agreed at the beginning of the meeting we will now go into private session.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: I wish to make an interjection. Earlier today Mr. Daly gave a very detailed presentation on the matter and I can pass that on to Senator Coghlan, which should cover that.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: Representatives of the banks will be before us next week and Deputy O'Donnell can ask them.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: We will bring matters to a conclusion. I will allow some brief supplementary questions.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: That matter has been covered.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: Following Deputy Stanley, I will composite the last series of questions together because I have been around the house three or four times and every political party has contributed individually at least three times at this stage. When Deputy Stanley is finished his contribution, I will composite all remaining statements.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: If the Deputy can keep the questions short, there can be back and forth. He will still have the same amount of time.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: I must ask the Senator to conclude. She has asked approximately 20 questions and it will take half an hour for them to be answered. Consequently, this is the last question I will take from her.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: If the information Senator Hayden has sought from the witnesses is not to hand, they should furnish it to the clerk to the committee in tabular format, if possible.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: I recommend so doing.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: That was a statement rather than a question.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: I note Mr. McDonagh nodded and I will take that as a reply.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Role and Functions of NAMA: Discussion (24 Oct 2012)

Ciarán Lynch: We will proceed to the second round of questions. Let me contextualise earlier questions, including that of Deputy Doherty, bearing in mind that the ultimate strategy of NAMA is to secure debt repayment and restructuring, as said by Mr. Brendan McDonagh in his opening statement. In applying this strategy, what would NAMA consider to be a success if a developer had a debt of €50...

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