Results 1-20 of 84 for nama speaker:Micheál Martin

Leaders' Questions (6 Oct 2015)

Micheál Martin: -----which were clearly of such concern to all involved that the original successful bidder, Pimco, had to withdraw. NAMA's defence at the Committee of Public Accounts was that people could not expect it, notwithstanding those concerns, to have pulled the deal, which could have undermined the price. In other words, the price justifies whatever happened. NAMA is under the Taoiseach's...

Leaders' Questions (14 Jul 2015)

Micheál Martin: Last week I asked some questions about the sale of the National Asset Management Agency, NAMA’s Northern Ireland loan book to Cerberus, the circumstances surrounding it and the need for a commission of investigation to examine it. Prior to that, we had tabled several questions on the issue to the Minister for Finance, Deputy Michael Noonan. We note that representatives of NAMA...

Order of Business (20 Dec 2012)

Micheál Martin: I seek clarification from the Tánaiste. Under section 221 of the National Asset Management Agency, NAMA, Act it is an offence to attempt to lobby NAMA. The penalty on conviction of that offence is a fine of €1,000 or six months in prison. I am not suggesting there was any interference with or lobbying of NAMA but the issue raised today, following a freedom of information...

Ceisteanna ó Cheannairí - Leaders' Questions (20 Oct 2021)

Micheál Martin: I have no issue with the Deputy's point that we could do with a debate. I have no issue with a debate on NAMA's role. We are very clear the statutory underpinning of NAMA is one that must also be respected. NAMA represents the taxpayers and has an obligation to get value for them. That must be balanced with the current housing situation and our issues around housing. The Housing for All...

Banking System: Motion (30 Mar 2010)

Micheál Martin: The overall NAMA solution has received significant national and international endorsement. Commissioner Almunia, in his previous role as Commissioner for Economic and Monetary Affairs, stated that NAMA should be approved as quickly as possible. That was in October last. In his current role as Competition Commissioner he approved NAMA last Friday. Of the investment community 80% of...

Leaders' Questions (23 Sep 2015)

Micheál Martin: I want to raise with the Taoiseach the sale of NAMA's Northern Ireland loan book, known as Project Eagle. This is the largest sale in which NAMA has engaged to date. We know from correspondence to the Minister, Deputy Noonan, at the time that even though misgivings were raised by one of the bidders - Pimco, which made NAMA aware of fee arrangements with third parties including NAMA's...

Ceisteanna ó Cheannairí - Leaders' Questions (19 Oct 2021)

Micheál Martin: That instruction cannot be issued in the manner articulated by the Deputy and he knows that well. The legislation underpinning NAMA is very specific. That Act sets specific objectives and functions for NAMA, which are well established. NAMA has facilitated the construction of housing. There is an issue in terms of how, going forward, we interact with NAMA in regard to the provision of...

Leaders' Questions (14 Jul 2015)

Micheál Martin: There are also concerns about the interaction between the Northern Ireland Executive and NAMA. The Minister for Finance had five contacts, namely, three meetings and two telephone calls, with Northern Ireland politicians on the sale of the NAMA loan book. That is separate from the biannual meetings between Northern Ministers and their counterparts in the Republic. This is a concern,...

Ceisteanna ó Cheannairí - Leaders' Questions (20 Oct 2021)

Micheál Martin: ..., during Leaders' Questions, I think Deputy Boyd Barrett made reference to the article in the Business Poston properties located in Finglas, several of which were reported to have been vacant. NAMA does not own the apartments in question, rather it acquired the debtor's loans which were secured by various apartments located in a larger development in Finglas. The apartments were...

Ceisteanna ó Cheannairí - Leaders' Questions (19 Oct 2021)

Micheál Martin: NAMA represents the taxpayer. It had a responsibility, with regard to the loans it took over, to yield a return for the taxpayer, whom this Oireachtas represents. As I said earlier, NAMA has offered housing stock to local authorities already. As I said, in the coming period, the utilisation of NAMA's activities in respect of further housing provision is something that is under ongoing...

Ceisteanna - Questions: Cabinet Committee Meetings (20 Sep 2017)

Micheál Martin: Last week we had a very curious situation when the Taoiseach announced that NAMA would be taking a role in providing housing but subsequently said nothing had been decided. It was the latest in a lengthening list of policy announcements, both anonymous and claimed, by the Government which are not actually announcements. Will he explain the status of his statement about NAMA? Has the issue...

Leaders' Questions (7 Jul 2015)

Micheál Martin: It notified NAMA about the unsolicited attention and, as part of its due diligence process, pulled out because of concerns that it had. NAMA has confirmed that Pimco's compliance staff discovered that its proposed fee arrangement with US law firm Brown Rudnick also included the payment of fees to Tughans and a former external member of NAMA's Northern Ireland advisory committee. This is in...

Leaders' Questions (18 Dec 2013)

Micheál Martin: ..., it appears as though people are hiding something and using freedom of information mechanisms to prevent material from getting out. The Taoiseach said the Garda was awaiting information from NAMA on this issue. For how long has it been doing so? When does NAMA expect to be in a position to co-operate fully? The Taoiseach referred to the Comptroller and Auditor General. The latter...

Leaders' Questions (6 Oct 2015)

Micheál Martin: As the Taoiseach knows, since last July we have been raising serious concerns about the Project Eagle deal, which involved the sale of the Northern Ireland portfolio by NAMA. Deputy Wallace has been very persistent in asking these questions as well. I put it to the Taoiseach in July that there is an ethical consideration here because it is not good enough for NAMA to say that everything is...

Order of Business (15 Jul 2015)

Micheál Martin: In respect of NAMA, the programme for Government states that there would be transparency and that the Government would bring transparency to the operation of NAMA.

Order of Business (15 Jul 2015)

Micheál Martin: I mentioned yesterday that €229,000 was paid by NAMA to go to the Supreme Court. Will the Taoiseach bring that transparency to NAMA?

Leaders' Questions (14 Jul 2015)

Micheál Martin: ...are approaching it. It is quite a dramatic contrast in terms of the respective responses from the two jurisdictions. Second, it is about ethics and whether the deal is done ethically. NAMA seems to be saying if everything is okay on the seller's side, it is not really responsible or too bothered about what happens on the purchaser's side. It satisfies NAMA that it got the best value...

Leaders' Questions (7 Jul 2015)

Micheál Martin: ...and it is not the subject of a routine audit. The timeline is very important. The fee arrangement mentioned by the Minister necessitated the withdrawal of Pimco was brought to the attention of NAMA by Pimco, by the way. No auditor or anybody else discovered that. Representatives of Pimco went to NAMA and indicated that its compliance personnel were very concerned about the unsolicited...

Leaders' Questions (14 Jun 2016)

Micheál Martin: ...- I raised this issue during the last Dáil - that as revelations emerge and as the level of the investigations get deeper, the Government's position on Project Eagle, the sale of Project Eagle by NAMA, becomes more untenable by the day, that is, the sense that there is nothing to investigate down here or that there is no necessity for the Government of the Irish Republic to be overly...

Order of Business (14 Jul 2015)

Micheál Martin: ...provisions) Bill will be brought before the House? The Government gave a specific commitment in the programme for Government to insist on the highest standards of transparency in the operation of NAMA, on reduction in the costs associated with the operation of NAMA, and that decision making of NAMA does not delay the restoration of the Irish property market. We have read that...