Results 1-20 of 194 for nama speaker:Marc MacSharry

Public Accounts Committee: 2019 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2019
Chapter 17 - Ireland Apple Escrow Fund (5 Nov 2020)

Marc MacSharry: ...the time measure and stick that time into liquidation A or liquidation B. That is the reason for oversight. I have no doubt that the hourly rates are competitive. Indeed, they were based on the NAMA rates. That concern still exists. Does the report deal with the matter?

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Marc MacSharry: I welcome Mr. McDonagh and Mr. Williams. I was involved in the NAMA debates when the legislation was before the Seanad. As I have said, I envisaged that there would probably be a second or third NAMA Bill and, with the benefit of hindsight, there probably should have been. On a macro level, Mr. McDonagh and the former chairman, Mr. Daly, deserve great credit for achieving what they set out...

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Marc MacSharry: ...worked as an auctioneer and, on one occasion, had been handling a receivership file for individual private homes. If someone was selling a three-bedroom semi-detached property at that stage, by NAMA's insistence there would have to be an up-to-date valuation. It might have been less than €100,000 at the time for certain properties, particularly in rural Ireland, yet when the...

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Marc MacSharry: Were there many occasions after Project Nantes and Project Eagle when NAMA gave exclusivity?

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Marc MacSharry: ...three minutes left so maybe Mr. McDonagh will get to that point in somebody else's time later. I have a few other questions. At what point during the normal company searches that can be done did NAMA become aware that somebody was a director and shareholder of both Avestus and Clairevue-Nantes?

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Marc MacSharry: The question is whether NAMA conducted searches.

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Marc MacSharry: To bring this back to my direct experience, if the first cousin of a developer, who he had not seen for 30 years, was seeking to purchase a house that a receivership was selling, NAMA would not have allowed it.

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Marc MacSharry: ...not sufficient? If I were a developer and my house was taken off me, I could give the money I had under the mattress to my first cousin to buy the house. If I signed the section 172 declaration, NAMA would be out the gap legally but I would get my house back from my cousin because I gave him the money to buy it.

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Marc MacSharry: Has NAMA sought legal recourse against this individual who happened to be a director of both companies?

Public Accounts Committee: Special Report 109 of the Comptroller and Auditor General: National Asset Management Agency
National Asset Management Agency - Financial Statements 2019 (8 Oct 2020)

Marc MacSharry: Would NAMA's then head of property management - again, I will not mention the name but we know about whom we are talking - have been aware of any of that?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

Marc MacSharry: NAMA is there as well.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Marc MacSharry: I have a few comments. When the NAMA Bill was going through the Houses, I was in the Senate and said that this is all new territory and I would not be surprised if, as things evolved, there needed to be a NAMA No. 2 or No. 3 Bill. There never was. Perhaps it is my conspiratorial mind, but there is form here. We are having this exact discussion on the oversight of the IBRC liquidation....

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2017
Chapter 22 - Irish Fiscal Advisory Council (30 May 2019)

Marc MacSharry: ...in the Department of Finance who has the level of detail available to him or her that an ordinary creditor or stakeholder would have, because KPMG pays itself from recoveries. The rates of pay are the NAMA rates but I am not looking at the time sheets. I do not know how many seniors, juniors or partners were involved. I often heard it said that in accountancy firms, if a particular job...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 13 - Office of Public Works
Chapter 6: Lease of Offices at Miesian Plaza (11 Oct 2018)

Marc MacSharry: ...An Garda Síochána. We had an issue with the lease some years ago. We had to try to get an extension to the lease and it was changing hands for approximately €40 million or €45 million. NAMA was involved. I believe Hibernia REIT has it now. The site has the potential to provide 360,000 sq. ft. Why did we not try to buy that? Was a case made to the Department...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 13 - Office of Public Works
Chapter 6: Lease of Offices at Miesian Plaza (11 Oct 2018)

Marc MacSharry: -----or talk to NAMA about doing a site assembly between Apollo House and Hawkins House before Hawkins House is sold for €40 million. Then there would be even better potential for the OPW to go to Hibernia REIT or some other such company to say-----

Public Accounts Committee: Business of Committee (27 Sep 2018)

Marc MacSharry: ...but we have KPMG here, which I am sure is doing a fantastic job and paying itself from recoveries. Those amounts, while agreed in terms of the lower rates negotiated by the National Asset Management Agency, NAMA, would be questioned by a committee of inspection as to whether two partners, four juniors and a technician are needed for a specific course of action for example. That level of...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

Marc MacSharry: I welcome the witnesses. In terms of its headline performance, there is no doubt that NAMA has been a huge success. In terms of the Act that was provided, I say "Well done". We are going to make the money. The question is, however, as Deputy Connolly asked. At what cost has that come? It is a regret for me personally as a former finance spokesman in the Seanad when the Act went through...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

Marc MacSharry: ...issues were covered when I was out, please stop me - suggest all sorts of conflicts of interests of individuals. I know that the witnesses cannot talk about individuals and that is fine. Can NAMA give us an assurance that the issues that are raised in the press today are false and that no such conflicts of interest exist?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

Marc MacSharry: We can take it that on the back of these revelations, Mr. Stewart, or whatever appropriate people within NAMA, will now be examining specifically those declarations and applying some level of investigation to put the public at ease that they do not exist.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

Marc MacSharry: I appreciate that and the consequences are clear in the Act. We know the processes. If I can put it another way, in a number of weeks, in a months' time, or whenever is appropriate, can NAMA drop a note to this committee saying that in the light of revelations to the media, which came up at the meeting with this committee where it was asked questions, it looked into this matter and can now...