Results 1-20 of 83 for nama speaker:Bobby Aylward

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)

Bobby Aylward: When NAMA was asked by the Government to get involved in housing and to provide land, where did NAMA envisage its role in the provision of social, affordable and private housing? Had NAMA earmarked land for social, affordable and private housing where a profit might be made? Did NAMA conduct an analysis on how much land should be for social, affordable housing and private housing or did...

Written Answers — Department of Finance: NAMA Portfolio (28 Sep 2016)

Bobby Aylward: 121. To ask the Minister for Finance the position regarding the sale of the NAMA loans associated with the Whitfield Clinic in Waterford; the originating financial institutions associated with the Whitfield Clinic loans; the original financial institutions book value of the loans associated with the Whitfield Clinic; the NAMA sale valuation achieved for the loans associated with the Whitfield...

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)

Bobby Aylward: Politically, we should go down that road because that is the only way we will solve this major problem but I realise that is not NAMA's problem. NAMA will be wound up in 2020. Would NAMA, if it were to get another role, continue on? We have a housing crisis. Do the witnesses see themselves playing a further role, if the Government has the will to do so, to continue for another five to...

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)

Bobby Aylward: I have a general question on the land portfolio and housing. What percentage of the land portfolio has been used over the past two years since NAMA got involved? How much of the land portfolio did NAMA envisage it would sell for housing at the very beginning? Earlier, one of my colleagues here mentioned local authorities did not take up land in places where they should have done so. How...

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)

Bobby Aylward: Under the public body heading I see that 34 assets were sold or partly sold to State bodies. What is the procedure with State bodies? Does NAMA approach them or do they approach NAMA? Does NAMA advertise for interest and how do State bodies get involved?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Bobby Aylward: PIMCO sought a closed deal. That is the way it approached NAMA first but NAMA, in its wisdom, wanted an open-market deal. How did PIMCO respond? Did NAMA explain matters to PIMCO even though the latter had sought a closed deal with only itself involved and no-one else?

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)

Bobby Aylward: Lastly, I will ask NAMA about the Twenty-six Counties. I note where NAMA has no land in 12 counties. In my constituency, it has land in Kilkenny but in not in Carlow. Why so? Has NAMA no property or land in any of those 12 counties or are they merely being excluded?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: To go back to the sequence of events again, PIMCO was the original bidder. It wanted a closed sale. NAMA rejected that. It was still in the running until NAMA found out about the success fees. Then, according to the delegates' own evidence today, NAMA excluded it. Whether it was excluded or it withdrew or it was requested of them is still open to interpretation.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: I have another question. Mr. Soffe said in his opening statement, "... given the recent history of this island, it would have been unthinkable for NAMA to have ignored the impact of its actions on the Northern Ireland economy and on North-South relations", for political reasons and so forth. However, NAMA sold the portfolio to a private consortium, Cerberus. Once it was sold, NAMA had no...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Bobby Aylward: ...individually in the long term, rather than by a loan book sale? Was the option assessed properly at that stage? Could they have been kept or retained? Witnesses have implied several times that NAMA would have done better if it had held on until 2015, 2016 or 2018. Furthermore, even with Brexit coming down the road, if NAMA had held onto the portfolios and sold them individually or...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Bobby Aylward: ...a member of an advisory board in Northern Ireland which had been in place for many reasons and having for many years advised on asset control and sales, all of a sudden the committee was dismissed, NAMA took a different route and the committee was forgotten about. That must have been disappointing for Mr. Rowntree who had been advising NAMA and had much goodwill towards the Northern...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: The witnesses referred to NAMA's engagement with the troika. Will Mr. Soffe elaborate on that? What engagement would the NAMA board have had with the troika over the time these sales books were being prepared?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Bobby Aylward: The October paper noted that NAMA would only sell loans by way of open competition. Yet the December paper sought the board's guidance on whether to do a closed transaction with PIMCO. Why did NAMA change its stance on asset recovery?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Bobby Aylward: PIMCO's indicative bid for the top 55 properties, which were the cash ones was €950 million, which was higher than the €890 million that NAMA expected to sell the loans for. Will Mr. Collison explain this figure as it suggests that NAMA's projected disposal values were too low?

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)

Bobby Aylward: I am talking about instances where there is no limit. Did NAMA tell people to set aside 15% of the land to affordable houses and then cater for bigger houses? Did NAMA consider doing so?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: I do not think, as I said, what Mr. Daly is saying back to me is relevant. Mr. Daly has said several times that NAMA followed the best possible practice in the sale, that there is nothing to be gained or learned out of this and that the Comptroller and Auditor General's opinion is just his opinion. NAMA just dismisses it and says it has nothing to learn.

National Asset Management Agency Bill 2009: Second Stage (Resumed) (22 Sep 2009)

Bobby Aylward: I welcome the opportunity to speak in support of the NAMA legislation. I wish to set out why I support the concept of NAMA and explore some of the ridiculous myths which have been peddled about the NAMA project during the course of the frenzied public debate over the summer. It is high time for us to address the grave difficulties besetting the banks. We must address them with an air of...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Bobby Aylward: NAMA made a big play about the political situation in Northern Ireland and also spoke about the relationship with its clients and creditors. It spoke about Brexit. We kept asking NAMA about its long-term strategy, if it sold off assets slowly up to 2020, bit by bit, rather than this quick-fire or loan sale that happened in one go. We never got a very good answer to it. What is Mr....

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: I know. I just thought I would push it in there as a question. It is unbelievable that two institutions of the State, the Comptroller and Auditor General and NAMA, are here today and the second of these, NAMA, is saying the Comptroller and Auditor General is inexperienced and his report has a narrow interpretation of its situation. Does Mr. McCarthy feel that is unfair? Does he feel it is...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (17 Nov 2016)

Bobby Aylward: When Cerberus came in to bid, in February, was Mr. Neporent aware that PIMCO had originally offered £1.3 billion for the portfolio, that it had wanted to have a closed arrangement with NAMA, and that NAMA refused it and wanted to put it on the open market or on a closed market with named companies? Was he aware that the £1.3 billion was the original offer from PIMCO and was that...