Results 13,701-13,720 of 20,797 for speaker:Alan Kelly
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: Mr. Mulcahy disagrees with the chairman.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: Exactly. I will put the same question to the other two witnesses.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: I only have a short time. Could Ms Finan answer, please?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: I know, but Ms Finan was there for the first meeting.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: Fine.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: I am sorry, but we are caught for time. The Chairman will crack the whip soon. Will Ms Finan answer my question?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: No. I asked whether Ms Finan agreed or disagreed with the view of NAMA's chairman that how points were documented and reflected in the minutes could have been done better.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: For the time that Ms Finan was present.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: It is "Yes" or-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: It is a "Yes" or "No" answer.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: That is a fair answer. I have some more brief questions, but the witnesses will be glad to know that I am moving on from that topic. In October 2013, NAMA authorised PIMCO to be given access to the data room. Did that happen for any other loan sale? Did that early access give PIMCO an advantage?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: Did it happen with any other loans?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: Mr. Mulcahy has not researched it. From his time in NAMA, did this ever happen before? That is all I am asking.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: That is actually an answer, to be fair to Mr. Mulcahy. Usually for a loan sale, NAMA loan sale advisers provide advice on sales strategy, market conditions, estimated values of portfolio, etc. None of this happened with Project Eagle, yet it was the first large multi-debtor sale. Why was this advice not sought?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: Mr. Corrigan might be in a better position to answer the question.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: NAMA's loan sale advisers provide advice on loan sale strategies, market conditions and estimated values of the portfolio. None of this occurred in respect of Project Eagle. Given that it was NAMA's first large multi-debtor sale, why was this the case? Why was the advice not sought?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: I will conclude-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: In fairness to Deputy McDonald, it is a good question, because there does seem to be a change. Let us find out the facts.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: That was my next question.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)
Alan Kelly: My final question is specifically addressed to Mr. Corrigan. In or around February 2014, it became widely known that the loans were on the market. Therefore, the process of a confidential loan sale was out of the window. It was over, it was gone. The committee is struggling with an issue. At this point, given that the confidential nature of it was over and everything was out in the open,...