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Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: I have previously advised Mr. Daly that in respect of matters before the committee, if he gives evidence to the committee in a situation like this, he stands the risk of losing the privilege he is afforded by the committee. That is the advice of the clerk to the committee. If he wishes to answer the question, it is up to his discretion but I am advising him of the position as Chair of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: Mr. Daly may but I have given him my position.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: The Deputy's time is up.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: Very briefly.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: I call Deputy Michael Creed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: I have advised Mr. Daly of the position------

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: With due respect to the other members of the committee, I am moving to Deputy Michael Creed.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: Before calling Deputy Tom Barry, I ask members to bear in mind that we are running behind schedule because of the vote.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: Deputy O'Donnell is next. I would appreciate brevity given that we have a witness ready and waiting.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: Not quite that brief.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: It should be.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: I have one request before I conclude. Mr. McDonagh mentioned that NAMA has sold between 5,000 and 6,000 residential units and still has 9,000 units in its portfolio. Of the 5,000 to 6,000 units it has sold, could Mr. McDonagh provide us with a breakdown of the number that were individually disposed of and the number that were bundled? How were those that were bundled disposed of? Were they...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Operations and Functioning of NAMA: Discussion (16 Dec 2015)

Aideen Hayden: The clerk can distribute the responses to members. On behalf of the joint committee, I thank all the witnesses from NAMA for participating at this meeting today and for the material they supplied to members.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (Resumed) (16 Dec 2015)

Aideen Hayden: I welcome the Central Bank's Registrar of Credit Unions, Ms Anne Marie McKiernan, who is accompanied by Ms Elaine Byrne, the deputy registrar. On behalf of the committee, I apologise to them for the delay and thank them very much for waiting. Unfortunately, we were delayed by a Dáil vote and some other matters. Following our engagement with credit union officials in November and noting...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (Resumed) (16 Dec 2015)

Aideen Hayden: I thank Ms McKiernan. Turning to members, the normal procedure is for principal spokespersons to have ten minutes to ask questions and for ordinary members to have five.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (Resumed) (16 Dec 2015)

Aideen Hayden: In case members had not noticed, there is a vote in the Chamber.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (Resumed) (16 Dec 2015)

Aideen Hayden: That is fine, provided it is agreeable with members.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (Resumed) (16 Dec 2015)

Aideen Hayden: We will have to suspend the meeting.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (Resumed) (16 Dec 2015)

Aideen Hayden: I invite Deputy Michael McGrath to continue.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Credit Union Sector: Discussion (Resumed) (16 Dec 2015)

Aideen Hayden: Deputy Pearse Doherty is three minutes over time and I still have to call Deputies Creed and O'Donnell.

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