Results 14,661-14,680 of 21,787 for speaker:Alan Kelly
- Public Accounts Committee: Business of Committee (17 Nov 2016)
Alan Kelly: I totally agree.
- Public Accounts Committee: Business of Committee (17 Nov 2016)
Alan Kelly: The position could change, depending on the responses we receive.
- 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 welcome the witnesses. I have a question for Ms Finan. In her dual role as a member of the advisory committee, could she outline how declarations of interest were handled, because we have been given other evidence on this?
- 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: We have that information. The issue is how they were handled at the meetings.
- 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: Were all declarations given to the meeting or to the chair?
- 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: Was this at the Northern Ireland advisory 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: Is the witness satisfied that the declarations of interest at the meetings were handled appropriately?
- 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: The witness is happy that everything was handled appropriately.
- 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 move on. The NAMA paper to the board relating to the proposal for the block sale recommended a minimum price of €1.3 billion for the sale, but it did not say that this was would achieve the best available or achievable return. Did that not concern the 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 would have thought it was the best achievable return.
- 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: The minutes of the board meeting on 12 September state, "The Board agreed that the paper and analysis presented therein presented a compelling commercial case to sell the portfolio, and that in addition such a portfolio sale would release NAMA from what had been a disproportionate burden of effort in light of the relative size of the portfolio". That is an interesting statement. What does...
- 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 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: To be fair, and as I have said at this committee previously-----
- 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: Yes.
- 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 agree that the reference to a "disproportionate burden of effort" is really a reference to the fact that NAMA had on it four pressures? First, there was political pressure on the Northern side. There could have been none from the Southern side because that would not have been allowed. Second, there were diplomatic issues. Third, a lack of debtor engagement became an...
- 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: What are the others?
- 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: Yes.
- 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: Obviously, members bring their own expertise to the board, which I respect, and they are doing that to serve, etc. What I am getting at is whether, for all of the reasons that Mr. Mulcahy and I have outlined - we could dial them up or down - as well as others, the reference in the minutes was to the effect that the best option was to make a clean break and get out after the £1.3 billion...
- 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 have not.
- 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: Competitive tension that lasted a short time, I might add. We are here to assess the facts. We cannot unscrew the witnesses' heads and look inside to see what they were thinking at the time. We are here to get their evidence. The minutes are the only link that I can see to what we have been discussing. The other factors outside of-----