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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: Does Mr. Mulcahy believe they accurately reflect-----

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: -----not just the decision, but the process by which it was made?

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: Does Mr. Mulcahy have any issue with the minutes?

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 hindsight, could they have been 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: "Perfect" differs from the view of NAMA's chairman, who believes that, if he would change anything, it would be how points were documented in the board's minutes. Does Mr. Mulcahy not agree?

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: He said it in front of this committee.

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 not asking whether Mr. Mulcahy heard it. I am asking whether he agrees with it.

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.

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