Results 1-20 of 116 for nama speaker:Catherine Murphy

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)

Catherine Murphy: ...end of the page it states:With regard to the proposed acquisition of the NI Debtors Portfolio, PIMCO confirmed the following:They have not completed any due diligence or engaged directly with any NAMA debtors in this regard; PIMCO’s analysis was conducted by way of reverse engineering NAMA’s Balance Sheet and cross-referencing the publicly available information on...

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Catherine Murphy: As Mr. McDonagh mentioned, some of this has been going on since NAMA was set up in 2009. It would have been shortly afterwards that NAMA became active on some of these. Tens of millions of euro have been spent on legal fees. I can understand why that would be so and NAMA has also defended cases in courts. Has there been any scenario where NAMA has had to dispense with the services of any...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Murphy: The Minister outlined the context of his role in his opening statement and made his legal role clear, explaining that the NAMA Act is framed to ensure there is no political interference. However, it is fair to say, and the Minister probably would agree with me, that he is not passive in this either. As Minister for Finance, he has an insight that the rest of us do not have. He would have...

Written Answers — Department of Finance: NAMA Assets Sale (7 Feb 2017)

Catherine Murphy: 155. To ask the Minister for Finance the reason joint receivers and NAMA agreed to dispose of a CIÉ site to a person (details supplied) that was connected to NAMA under the section 172(3) of the NAMA Act 2009; and if he will make a statement on the matter. [5928/17]

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)

Catherine Murphy: In the case of NAMA's sale of Project Nantes is the Minister satisfied that the interpretation of section 172 of the NAMA Act was correct? Were questions raised with the Department of Finance? Did NAMA engage with the Department on the interpretation in this particular case?

Written Answers — Department of Finance: National Asset Management Agency (20 Jan 2022)

Catherine Murphy: 171. To ask the Minister for Finance if he will provide a schedule of meetings between NAMA and the OPW in respect of taking on leases and or ownership of properties that were within the control of NAMA since NAMA was established. [2706/22]

Public Accounts Committee: Business of Committee (28 Sep 2021)

Catherine Murphy: I want to return to the issue of National Asset Management Agency, NAMA. I am aware that the office of the Comptroller and Auditor General has people embedded in NAMA. Is the Comptroller and Auditor General’s report being published early in the day and will there be a chapter on NAMA within the report?

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)

Catherine Murphy: When the NAMA Act was introduced was it not up to the Department to set out the criteria? If that is the case, why did it not happen? If it had happened, there would have been a separation. Is the Minister satisfied about the aspect of full disclosure? Surely the Minister or his officials have engaged with NAMA on the matter, given that it is controversial. This is not about interfering...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Murphy: The Minister said on a number of occasions, although he later qualified it, that he had no legal function in the commercial activities of NAMA. However, he has a legal function under the Act to direct NAMA in situations where he is protecting the taxpayer. That can only be done in real time, not retrospectively. To return to the process, this was a bundled sale of a very large...

Public Accounts Committee: Business of Committee (6 Dec 2018)

Catherine Murphy: My understanding of this section of the NAMA Act is the original intention was that the Department would define and set out protocols but this did not happen and NAMA set out the protocols itself. Is the Comptroller and Auditor General satisfied they were as robust as they should have been? Would it have been better if they had been set for NAMA to follow? Should there have been other...

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)

Catherine Murphy: Mr. McEnery referred to Fortress as regretting that it did not make the reserve price. It was brought in very late in the day. Would that not have indicated to NAMA that there may well have been some value in dividing the loans at that stage to achieve a better outcome? Would that not have suggested to NAMA that the amount of time made available for Fortress and other bidders to consider...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Murphy: ...but there was a bigger reward in terms of the way the process was set up. Lazard knew when it took on the process that PIMCO had already been in the process and there was a bid on the table that NAMA did not want to lose. The approach adopted was so long as PIMCO stayed at the table, the risk was very limited. What was the tone like when PIMCO withdrew? Did NAMA panic? Did Lazard...

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)

Catherine Murphy: Mr. Mulcahy describes it as a superb deal. If that was the benchmark for all NAMA’s deals, the so-called profit - I say so-called because when one looks at the par value, it is not a profit - and if it had been applied to other deals, the profit that NAMA talked about making would have been a substantial loss. The 55 top loans were valued some time earlier. Would that not have...

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Catherine Murphy: .... If we look back, there are some that we could point to where that would certainly be the case. Mr. McDonagh says in his statement that the growth in property values has allowed a number of NAMA debtors to refinance their debt. I accept that there was an environment wherein paying down the national debt was considered important. When we look at the housing crisis now, in terms of...

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

Catherine Murphy: It is important to say that although the Comptroller and Auditor General had a role, the primary role was for NAMA. The spirit of section 172 could never have played out, and NAMA would have seen that most directly. We have all been knocking on doors recently, and I have noticed a gap in the planning legislation in relation to strategic projects. It is a small thing but when one notices...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Catherine Murphy: The Minister stated he would give his views to the NAMA board and listen to the NAMA board.

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)

Catherine Murphy: Mr. Mulcahy came from real estate property background. Were the assets transferred to NAMA in advance of his arrival in NAMA. I wish to get a context.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Catherine Murphy: What was the engagement with NAMA? Did Lazard discuss that matter with NAMA? Did Lazard ask the reason at that point? Was there a discussion?

Public Accounts Committee: Policy on the Retention of Contemporaneous Notes in the Preparation of Board Minutes: National Asset Management Agency (14 Dec 2016)

Catherine Murphy: Maybe the difference between NAMA and the top 100 companies was that NAMA had a different role and there was a public aspect to it, in that it was disposing of loans, assets or whatever. Did the same person take the minutes throughout 2013 and 2014?

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Catherine Murphy: The 12,700 units NAMA has delivered to date represent approximately 63% of its own target. Why has NAMA fallen so far short of its target?