Results 1-12 of 12 for nama speaker:Alice-Mary Higgins

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Alice-Mary Higgins: Sure. We can get the detail in writing. I will work backwards, almost, through some of the points my colleagues have made. As regards the purposes of NAMA, Deputy Doherty was quite right in how he phrased his contribution, and they are in the legislation. Right below the line about "dealing expeditiously", which has been quoted extensively, is paragraph (c), which states that one of the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Alice-Mary Higgins: ...all factors, but if you are getting poor outcomes on multiple occasions, then you need to look at and examine why. Then let us go to the question of examining exactly what has happened within NAMA. Two serious problems we have here concern the commission of investigation and NAMA's actual accounts. One of the key points, and I agree with everybody who said it, is that this legislation...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Alice-Mary Higgins: ...one clear example that is given under the wider question of general public interest. I would argue there is strong public interest in having ultimate transparency in respect of the activities of NAMA and all of the relevant paperwork which in our legislation clearly takes precedence over any obligation to destroy files because they have expired from a normal date.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Alice-Mary Higgins: ...in respect of serious concerns and investigations. Clearly, there is much to be looked at. There is a proposal under head 24 to give the resolution board the legal power to indemnify members of NAMA's board, officers of NAMA and staff members. The resolution board will be tasked with NAMA duties, and it may include, as has been suggested, former NAMA officers who will be transferred...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Alice-Mary Higgins: ...of head 24(3), the concern is that the determination of who is acting in good faith and who is not will lie with the resolution board, the membership of which will comprise people who worked for NAMA. It is the same staff. There are two issues here. First is indemnity and the idea of indemnity being granted on a blanket basis and that it may be removed in some cases. Second is the...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance (18 Sep 2024)

Alice-Mary Higgins: ...have been the case with the original legislation. However, the context here is the serious concerns we began with around the poor decision-making that seemed out of line with the obligations of NAMA under section 10 of that legislation. I refer also to the specific investigations which have found wrongdoing or which are looking at the possibility of wrongdoing in relation to the transfer...

Seanad: Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Second Stage (21 May 2024)

Alice-Mary Higgins: ...of State could look at how we can learn from some of these other pieces and from the mistakes made or the things not foreseen by the NTMA. We have been many years waiting for the review of NAMA to tell us all the things that may or may not have gone wrong with NAMA. We have had situations where the State has put in a lot of money or acquired significant assets and then almost found...

Seanad: Land Development Agency Bill 2021: Committee Stage (12 Jul 2021)

Alice-Mary Higgins: .... It suggests it would be advisable if the commencement of the Act were not sooner than the publication of the final report of the commission of investigation into the National Asset Management Agency, NAMA. The Minister will be aware that, in 2017, the Government set up an investigation into NAMA, particularly Project Eagle and the associated portfolio. The reason this is relevant is...

Seanad: Land Development Agency Bill 2021: Committee Stage (12 Jul 2021)

Alice-Mary Higgins: ...the crash in 2008, seem to have emerged very successfully from it, while in many cases the public has lost out in terms of opportunities. There is a concern and a hunger for transparency around NAMA. I was hoping my amendment might have the double benefit of encouraging the final publication of that report on NAMA, which is very overdue, as well as, crucially, giving us the learning from...

Seanad: Land Development Agency Bill 2021: Second Stage (9 Jul 2021)

Alice-Mary Higgins: ...go down and more units could be crammed into the same space. Those are perverse incentives that have been created systemically. It was, of course, the market that led to the property crash. Then NAMA again placed the interests of investors centre stage. That is why there is a commission of investigation examining the relationship between it and investors, particularly regarding the...

Seanad: Data Protection Bill 2018: Committee Stage (Resumed) (6 Mar 2018)

Alice-Mary Higgins: ...for the processing of personal data by any local authority where considered necessary and includes an extensive list of bodies, for example, museums, agencies, broadcasters, financial bodies like NAMA, tourism boards and housing agencies. It also makes further provision for the disclosure of personal data for the purpose of preserving the common travel area by air carriers and leaves to...

Seanad: Commission of Investigation (National Asset Management Agency) Order 2017: Motion (24 May 2017)

Alice-Mary Higgins: ...to move to a situation where blame can be apportioned and concrete actions taken as a result of its work, we have to consider that time is passing. We are concerned that in the past ten weeks NAMA has sold another tranche of loans worth €2.5 billion. We know about Project Gem. We also know that large-scale sales of assets are happening under the same regime that surrounded...