Results 14,081-14,100 of 26,804 for speaker:John McGuinness
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: Okay.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: It would be helpful if that could be done as soon as possible. Deputy McDonald wants to come in on this matter.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: Yes. I call on Mr. McDonagh to make his opening statement.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: May we publish the statements?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: Yes. We will wait for members to conclude their consideration of the letters and the memorandum of understanding. On the first point, that the third party release all corporate and personal guarantees as security, is there a list of who would benefit?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: Was Mr. Daly not curious about whom it might benefit?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: I can understand that, but it is a nice little arrangement, although I am not saying anything about NAMA.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: The first point made in the memorandum of understanding is that the third party should release all corporate and personal guarantees as security of borrowers and related parties. Out of curiosity I would have been inclined to look at who would benefit. I understand it was the borrowers, in the first instance, but was there any other reason? I may just be suspicious that this would have...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: Are members finished with the letters? I want to move to Deputy Ross.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: We have asked for those.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: When might we get those?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: I want to go back to a point raised by Deputy Ross. NAMA was told by PIMCO about the £15 million?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: When was it told that?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: What date was this confidential memorandum?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: 2014.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: NAMA had roughly 55 debtors in Northern Ireland. It was a very small business community - I am sure that a lot of information is shared and a lot of information would be known. NAMA had someone on the Northern Ireland advisory committee, which was well known and well placed within that jurisdiction. They also had two firms - Tughans, the local firm, and Brown and Rudnick. In January 2014,...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: Does Mr. McDonagh feel NAMA might have been set up in any way?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: This information was out there and these firms were out there. I understand they are reputable firms and understand the reason they, including Brown Rudnick, are in the market in terms of sourcing interest and getting value from their involvement and so on. However, when we piece together the correspondence NAMA provided to us this morning, the memorandum of understanding, the fact there...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: Deputy Fleming is now finished. Deputies Deasy, O'Donovan, Costello, Perry and then McDonald are next.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John McGuinness: I remind the Deputy that he is almost out of time.