Results 1-20 of 120 for nama speaker:John McGuinness

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John McGuinness: ...and so on. It was a worthwhile exercise for this committee and it showed how the two different jurisdictions can function well in the interests of the taxpayer. I am of the view that I believe NAMA's representatives should attend the Northern committee. The witnesses have heard that echoed around this meeting room today and I encourage NAMA to reconsider its position. I do not see what...

Public Accounts Committee: Business of Committee (18 Jun 2015)

John McGuinness: In answer to some of the questions that have been raised by previous speakers, the NAMA annual report was issued and we noted the NAMA annual accounts last week along with other different accounts that were submitted. We will probably have a meeting in September and prior to that meeting we might look at the names the Deputy has suggested and others to see if we can learn anything from those...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John McGuinness: ...by some members and certainly by me that there was a point in that process when it should have been abandoned. That is my view - I am just saying that. In terms of constituencies and who NAMA addresses, it may not have lost the confidence of the investment community - I hope it does not - but there is another constituency which engages with us here, namely, the people. In some cases,...

Public Accounts Committee: Business of Committee (18 Sep 2014)

John McGuinness: In terms of my position on NAMA and the developers, I raised publicly the idea of listening to some of those people who have dealt with NAMA because there are reports in the newspaper constantly that something was sold under value. I am not saying they are right or wrong but it would be interesting to hear from people who dealt with NAMA to see if there is anything we can learn from it. It...

Written Answers — Department of Finance: NAMA Debtors (2 Dec 2014)

John McGuinness: 226. To ask the Minister for Finance if the National Asset Management Agency, NAMA, decides a borrower is uncooperative is it possible for that borrower to review the files and conclusions of NAMA with a view to appealing NAMA’s decision; and if it is not possible the reason for same. [46368/14]

Public Accounts Committee: Vote 25 - Department of the Environment, Community and Local Government
Chapter 6 - Land Aggregation Scheme
Chapter 7 - Matters Arising from Audit of Vote 25 - Environment, Community and Local Government in Relation to Water Services (5 Feb 2015)

John McGuinness: ...on it recently. I will get the reference for Mr. McCarthy. The other issue in which I am interested is the transfer of funding for voluntary housing associations or bodies. What happens when NAMA decides it has an interest in terms of filling the gap? In Kilkenny we have 3,500 people on the housing list and 41 units are to be become available, and NAMA has those units. Does NAMA...

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?

Written Answers — Department of Finance: NAMA Operations (4 Dec 2014)

John McGuinness: ...Finance if a situation has arisen with the National Asset Management Agency whereby a borrower claimed that it could achieve a better outcome for the taxpayer than could be expected from following NAMA’s proposed course of action; NAMA’s policy when facing a situation such as this, and in the event of such a situation occurring if NAMA’s rationale for its decisions is...

Public Accounts Committee: Business of Committee (10 Dec 2015)

John McGuinness: Okay, we can check on that. I was going to mention something for the same date. We were dealing with an issue involving Castlemartyr and NAMA, and we have not received a response on that. I am not advocating for whatever is happening there but I just want an update on it. We could get a response from the Revenue Commissioners, but not from NAMA. Should we not get a response from NAMA we...

Public Accounts Committee: Business of Committee (26 Sep 2013)

John McGuinness: That is a fair point. Be it NAMA or any other body that appears before us, I will be guided by members if they believe that additional time or meetings - or even a full day meeting - are required. I take the Deputy's point on the number of hours that we sit with witnesses. If he believes that a further session is necessary after today's session - he is right that there is a great deal of...

Public Accounts Committee: Business of Committee (11 Dec 2014)

John McGuinness: We want to open the hearing with NAMA. One can hear the case before or after that. I am not recommending to the members someone who is not credible. The woman and the family have a very credible story to tell and it gives an insight into how NAMA conducts its business. It is important for the country and people dealing with NAMA that they understand how this is happening. If we can hear...

National Asset Management Agency: Motion (Resumed) [Private Members] (21 Oct 2015)

John McGuinness: ...they have worked well together as a team with the Comptroller and Auditor General. In this case, I have complete confidence in the Comptroller and Auditor General and in the members to question NAMA and get the necessary details to fill in the gaps of information that exist in the public domain regarding the sale of Project Eagle. As I stated in this House previously - and I have spoken...

Public Accounts Committee: Business of Committee. (26 Nov 2015)

John McGuinness: ...dated 10 November 2015 from Mr. Patrick Coughlan of Mullingar, County Westmeath, re Castlemartyr resort, to be noted and published. We have had previous correspondence from Mr. Coughlan on NAMA actions in Castlemartyr. It now appears that information on local property tax payment by Mr. Coughlan was also available to third parties and to NAMA. NAMA will not deal with us on individual...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John McGuinness: ...the reason they, including Brown Rudnick, are in the market in terms of sourcing interest and getting value from their involvement and so on. However, when we piece together the correspondence NAMA provided to us this morning, the memorandum of understanding, the fact there were 55 debtors and that it is a small market, this would seem to me to have been the wrong approach, based on the...

Public Accounts Committee: Business of Committee (9 Jul 2015)

John McGuinness: The first part of our meeting today will deal with the financial statements of the National Asset Management Agency, NAMA, for 2014, where we will deal with Project Eagle. The committee will examine the financial statement in full in the early autumn. It is proposed to break at 1 p.m. and resume at 2 p.m. If we have dealt with NAMA, at 2 p.m. we will resume with the Department of Education...

Public Accounts Committee: Business of Committee (19 Dec 2013)

John McGuinness: For the information of members, arising from the media reports and the concerns expressed by all sides about NAMA and not coming down on any side but dealing with the issue of leaks to newspapers and media commentary, it is hugely important that NAMA clear up the matter. We should hear from it. In that regard, I contacted it and asked its representatives what they were going to do. It was...

Public Accounts Committee: Business of Committee (23 Apr 2015)

John McGuinness: Thank you, Deputy Perry. We will move on. Before we call the witnesses, I would like to mention that we wrote to NAMA in relation to a particular individual case. We sent on the correspondence to it. I propose we should ask NAMA to give us an update on the same matter, which relates to an individual in Mullingar, because it has not been resolved. Apparently, there has been no contact....

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John McGuinness: NAMA had roughly 55 debtors in Northern Ireland. It was a very small business community - I am sure that a lot of information is shared and a lot of information would be known. NAMA had someone on the Northern Ireland advisory committee, which was well known and well placed within that jurisdiction. They also had two firms - Tughans, the local firm, and Brown and Rudnick. In January 2014,...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John McGuinness: ...while. Without going again into the allegations that were made by Deputy Mick Wallace in the Dáil, I listened to what the witnesses had to say. When the allegations were made in the House, did NAMA consider contacting Deputy Wallace to say it had the answers to all of that and that he should go and talk to NAMA, or did it take each of the allegations and write to Deputy Wallace...

Public Accounts Committee: National Asset Management Agency Financial Statements 2013 (18 Dec 2014)

John McGuinness: I would love to believe the mediation process is as was described by NAMA earlier. It might be in many cases. However, in some of the cases we have heard, there are serious doubts about it being a fair and balanced process. It does cost the citizen an enormous amount of money to pursue any action. There are not many who could have gone to battle with the agency and pay €2 million...