Results 1-20 of 236 for nama speaker:John McGuinness

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2023
Vote 2 - Department of the Taoiseach (Supplementary)
Vote 5 - Office of the Director of Public Prosecutions (Supplementary) (23 Nov 2023)

John McGuinness: The Minister of State has given us a note on the commissions of inquiry into NAMA and IBRC. Is a more detail available or is that the extent of the information?

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Estimates for Public Services 2021 (Resumed)
Vote 1 - President's Establishment (Revised)
Vote 2 - Department of the Taoiseach (Revised)
Vote 3 - Office of the Attorney General (Revised)
Vote 4 - Central Statistics Office (Revised)
Vote 5 - Office of the Director of Public Prosecutions (Revised)
Vote 6 - Office of the Chief State Solicitor (Revised) (3 Jun 2021)

John McGuinness: The Minister of State referred to Moriarty, IBRC and NAMA. The Moriarty tribunal continues to run in terms of costs. Is there any thing the Department can do to speed up the settlement of those costs in order to have them dealt with once and for all? Perhaps it can take initiatives to ensure we save taxpayers' money.

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Home Building Finance Ireland Bill 2018: Committee Stage (20 Sep 2018)

John McGuinness: The SBCI and NAMA come under the remit of the Committee of Public Accounts, however.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Resolution of Non-Performing Loans: Discussion (Resumed) (17 May 2018)

John McGuinness: ..., whether it is a solution and are they co-operating. Will Mr. Hall give us an idea of the success -or otherwise - of iCare? Will he also address the point he made in his opening statement that a NAMA-type organisation should be established? Would that work on the same principle as a NAMA-type organisation?

Summer Economic Statement 2017: Statements (13 Jul 2017)

John McGuinness: ...completely negative. It did not give any hope to people who find themselves out in the pouring rain. They are looking for a little help from the State. We allowed €74 billion to be taken over by NAMA. I accept that it returned €32 billion. There is €16.5 billion in bad debt. I firmly believe that with a little legislative initiative and ingenuity, the State could...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Item No. 9 is an overview of the operations and functioning of the National Asset Management Agency, NAMA, and its annual report for 2016. I welcome Mr. Frank Daly and Mr. Brendan McDonagh with their officials. By virtue of section 17(2)(l) of the Defamation Act 2009 witnesses are protected by absolute privilege in respect of their evidence to the joint committee. If, however, they are...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: That is 72 out of all of the units NAMA has left.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Did they give NAMA reasons as to why they refused them?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: The witnesses mentioned that NAMA is to wind up in 2020 or thereabouts. How many legal challenges is the agency currently involved in?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Will those cases be resolved before NAMA concludes its business?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: What is NAMA's success rate to date?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: There was correspondence between the Committee of Public Accounts and NAMA regarding Flow East. That correspondence was sent on to this committee. That correspondence started with a letter from Flow East. Presumably, that first letter was sent to NAMA for response so NAMA will be aware of the correspondence to the committees from the beginning. Is that correct?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Without going into detail, was that an instance where NAMA had an agent acting for it, as is usually the case?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: In terms of the full value of the loans, €74 billion, versus the NAMA figure to date of €32 billion, do the figures include the loans that were left with the banks to manage?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: ...perused the breakdown of salaries, I note that the salaries of 45 of the 302 staff for 2016 are in excess of €125,000. Generally by comparison, what are staff with the skill sets required by NAMA paid in the private sector? How much over the odds are such staff paid in the private sector? What is the challenge facing Mr. McDonagh in terms of salaries?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: Do Mr. Ellingham and Mr. McEnery have a particular qualification? Does NAMA seek people with certain skill sets to serve on the board?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: When all is said and done about all the costs involved in running NAMA, the figure comes in at €32 billion.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: I understand that part. After one strips out everything, NAMA will raise-----

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: ...beginning. This concerns a policy matter so the witnesses can answer me in that way if they wish, though I hope that they do not do so. There are major discussions around vulture funds and how NAMA handled the current debt of mortgages left with the banks. Depending on the timeframe applied and how stretched the mortgages are, that total figure for that debt now amounts to €16.5...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Overview of Operations and Functioning of NAMA: Discussion (13 Jul 2017)

John McGuinness: NAMA got €74 billion and then got back €32 billion. The agency could relate that to what the vulture funds do, building in the criteria the it wants observed through the process of taking in that €16.5 billion of mortgage debt from the banks. The likelihood is that a vulture fund might pay €5 billion for the €16.5 billion. It is not beyond the realms of...