Results 13,881-13,900 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) (18 Oct 2016)
Alan Kelly: I have no issue with the second part of Mr. McEnery's analysis. Let me just say this, from my perspective and that of most of us here, the fact that this was not done was a weakness and it should have been done. On relying solely on in-house analysis, one always needs a second opinion. I will get back to that because I have limited time. I laugh because I said this to the Chairman....
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: I was only born then.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: I understand what Mr. Soffe is saying. Can I just reference this so? If that is the case, and that is Mr. Soffe's argument, what weighting was put on that in relation to this analysis?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: Was part of the equation to sit and-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: Will Mr. Soffe just 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) (18 Oct 2016)
Alan Kelly: I have limited time. Can Mr. Soffe answer my question, please?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: Okay. What weighting?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: What about Mr. McEnery's two colleagues?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: Mr. Ellingham?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: Okay.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: We have Mr. McEnery saying it was negative, we have Mr. Soffe saying that it was significant or it was more of an issue, and we have Mr. Ellingham saying that it was neutral. Effectively, that is a plus, a minus and a neutral which makes it a neutral, which means that it had no impact.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: But the weighting put in subsequently, in their few words here and, by the way, as referenced by NAMA's chair, is much higher.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: I think I have proved my point. I will move on. I have a limited amount of time. Lazard is constantly being referred to here. Let me just say this, I, personally, would never hire the company from what I have seen here. For me, this is a box-ticking exercise. Its role was bizarre, and I have referenced this previously. Mr. Soffe, in his opening statement, stated, "I and other Board...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: I know it is. Trust me, I know who it is. I knew who it was before this. Anyway, we will agree to disagree.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: Okay.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: Okay, fine. I need to move on. Is there anything in the process that the board believes it should have improved on or would have done differently or better?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: The chair of their board said that he would have done one thing differently, that is, the documentation. Does these gentlemen agree with that?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: I do not have any issue with Mr. McEnery's last statement, but it is fair to say that records and documentation could have been kept better. NAMA's own chair said that.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: Let us get down into the nitty-gritty of what I am getting at here. It is not just about minutes. Throughout this process, when we have looked for documentation in relation to the analysis as regards the discount, we have been told on a couple of occasions that we will get that. We still have not got it. We asked again here today. If there is such good documentation, let us set a time...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Alan Kelly: We have been looking for it for some time, however. Today is Tuesday. Can we have it by Thursday? If there is no problem with the documentation, we should have it by now, not in minutes. Mr. McEnery said repeatedly that he is "sure" there were various iterations that would have made references to confirm his hypothesis. If so, he should produce the information immediately.