Results 16,061-16,080 of 21,499 for speaker:Mary Lou McDonald
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: Since the special liquidator is still doing his work, Mr. McDonagh has no sense of the loans that may transfer to NAMA. I am asking this for a simple reason. Mr. McDonagh has referred several times to clearing the decks by 2020 and the strategic plans to make that happen. Does he have any reservations or worries about that? I assume he has built in the variables of the IBRC and whatever...
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: About €2 billion, yes.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: Does Mr. McDonagh take my point? I have heard what he said about planning it out.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: For 2020.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: Hold on, so that we are clear. It is fine for Mr. McDonagh to make that statement about the current loan book. However, the world wants to know when will he have finished his task. When will he have removed the entirety of the contingent liability on the State and its citizens? In a sense, while it is not misleading, it is not fully complete, to say "we therefore can confidently say that...
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: Okay.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: Will Mr. McDonagh be "under the bonnet", to use his term, towards the end of the year?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: I have one last question about the docklands. I understand Mr. McDonagh's concern and the IDA's concern for commercial space. I represent the northside of that docklands area. Mr. McDonagh spoke about the new Central Bank, but I would have thought that Boland's Mills was the building of note on the southside. The previous Docklands Authority made an unholy mess of the development of that...
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: That does not equate with what is understood as a cooling-off period. Is Mr. McDonagh saying that NAMA intends to follow suit, in line with the new-----
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: Will there now be a six-month notice period?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: I am just clarifying for anybody who might be watching the proceedings of this committee that the provision will apply to new staff. With regard to existing staff whose contracts specify a three-month notice period, Mr. McDonagh said there is an option of gardening leave, which is a term I always find quite amusing. There would be a lot of gardening done in three months. NAMA lost 50...
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: Were the 50 staff, specifically the five, put on gardening leave for three months?
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: Mr. McDonagh concedes the point that there is a dilemma here.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: I am sure Mr. McDonagh can appreciate that although there is a sectoral norm, the average person looking in at the NTMA and NAMA regards their staff as well paid by any standards. The staff work on behalf of the taxpayer; that is their mandate. Therefore, they will understand that there is considerable sensitivity, not just in NAMA as an entity but also among the general public in that the...
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: That might well be Mr. Daly's assumption.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: Absolutely.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: That is fair enough. For the record, let it be said that I am not casting any aspersions on any individual bar in respect of the case reported in the media of abuse that was uncovered. I understand there is a Garda investigation. We might come back to that.
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: I will come back to that. I am raising the point not to cast aspersions on any individual but to suggest this is a matter of good practice and of having systems in place. It should not be a matter of Mr. Daly or me speculating on whether staff are being recruited for reason A, B or C or for insider knowledge. Given the task and mandate of NAMA and the fact that there could be outside...
- Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)
Mary Lou McDonald: Cuirim fáilte roimh uilig. While this issue has been raised by other colleagues, I wish to ask Mr. McDonagh about staff leaving and going to work with other property entities and people who have had interactions with NAMA. He has explained that the notice period is three months. Does he not believe it would be a good idea to have a cooling-off period? I entirely accept the point that...
- Order of Business (26 Sep 2013)
Mary Lou McDonald: In respect of the Government's proposals for Dáil reform and longer sitting days, what consultation has taken place with staff of the Oireachtas, if any? My second question is about the briefing to which Deputy Daly referred from the ESB group of unions. Is access to the audio-visual room to be shut down and taken from Deputies?