Results 13,181-13,200 of 19,173 for speaker:Shane Ross
- Houses of the Oireachtas (Appointments to Certain Offices) Bill 2014: Report and Final Stages (9 Jul 2015)
Shane Ross: It is okay. I am speaking very slowly for the Minister's sake. The main thrust of the amendment, with its focus on the appointment of a Secretary General and the assignment, rather than the appointment, of Clerk positions, is to ensure that the Houses of the Oireachtas Service will be, from the top down, a flexible, modern organisation which can adapt to the demands of providing support...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: I think we need to get a statement from the chief executive, Mr. Brendan McDonagh, first.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: Could we have approximately five minutes to read the correspondence before we go any further, or after Mr. McDonagh's statement?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: May we have five minutes to read the papers?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: I thank the witnesses for attending at such short notice. No one present is alleging what could be called wrongdoing in a criminal or other sense by NAMA. There is no attempt to pin that on NAMA. Anyone who has tried to do so is wrong. However, this may be the most extraordinary sequence of events in a deal that I have ever come across in a State body. Having read about the unorthodox...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: Two.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: Who was the underbidder?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: What is Fortress Capital and who acted for it?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: Did it also use Tughans?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: Sorry?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: Mr. McDonagh must have some idea because someone must have been dealing with its adviser.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: Mr. McDonagh does not know who it used as its adviser.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: But Fortress Capital was also from the US?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: Did NAMA believe it was peculiar that both bidders, PIMCO and Cerberus, were using Tughans and Brown Rudnick?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: For clarity, will the witnesses take us through the process? Did NAMA end up with three bidders? Lazard started with nine and NAMA ended up with three.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: Correct.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: PIMCO then withdrew-----
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: -----because of this extraordinary incident and NAMA was left with two. Had PIMCO made a bid at that stage?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: It had made an indicative bid.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
Shane Ross: PIMCO pulled out. One third of NAMA's bidders were gone.