Results 1-20 of 123 for nama speaker:Mick Wallace

Leaders' Questions (Resumed) (12 Jun 2018)

Mick Wallace: Tomorrow, it will be a year to the day since the setting up of the commission of investigation into the National Asset Management Agency, NAMA, under Mr. Justice Cooke. The second interim report landed on the Taoiseach's desk last week, which shows that NAMA does what it likes. Mr. Justice Cooke asked NAMA for the 40,000 documents it gave to the Comptroller and Auditor General for his...

Ceisteanna - Questions (Resumed) - Priority Questions: NAMA Operations (27 Mar 2018)

Mick Wallace: NAMA's approach to the control and retention of data borders on the criminal. There have been two cases in the past month in this regard. In one case, NAMA has been heavily criticised for its approach to data and information held within the agency. The Data Protection Commissioner found that NAMA was in breach of its obligations under data protection law in its response to a request for...

Other Questions: NAMA Operations (5 Jul 2017)

Mick Wallace: According to the NAMA Act, the overall objective of NAMA was to bring stability to the banking system by removing impaired loans from bank balance sheets; it was never set up to make a profit. It would have to get back over €74 billion to make a profit. The Minister is saying the EU directive requires that certain companies, including NAMA, must be audited by a statutory auditor...

Other Questions: NAMA Operations (4 Apr 2017)

Mick Wallace: Section 2(b)(viii) of the NAMA Act provides that NAMA should "contribute to the social and economic development of the State". At the housing committee, Frank Daly of NAMA stated that "the biggest social dividend we can deliver indirectly is to pay this back as quickly as we can". He was speaking of the debt, much as the Minister was now. If NAMA returned what it called a profit of...

Written Answers — Department of Finance: NAMA Operations (22 Jun 2017)

Mick Wallace: 63. To ask the Minister for Finance his plans to initiate a section 227 review of NAMA, with regard to the achievement of NAMA’s purposes under the NAMA Act 2009, in view of the recent commencement of the commission of investigation into NAMA and Project Eagle; and if he will make a statement on the matter. [29319/17]

Leaders' Questions (24 Sep 2015)

Mick Wallace: I am a little taken aback by the position which the Tánaiste is taking on NAMA. I raised this issue with her before the summer recess, when I marked her card that all was not well with NAMA. I told her that it would do her no favour to do nothing about this. Since then, a lot more questions than answers have been thrown up. At a meeting of the Committee of Public Accounts on 9 July,...

Other Questions: NAMA Operations (16 May 2018)

Mick Wallace: 10. To ask the Minister for Finance if he has discussed the Data Protection Commissioner's ruling on NAMA and a group (details supplied) with the NAMA CEO and chairman; the reason NAMA has not appealed the ruling; the steps NAMA is taking to ensure it is in full compliance with data protection law; and if he will make a statement on the matter. [21446/18]

Leaders' Questions (20 Oct 2015)

Mick Wallace: The majority of Irish people no longer have confidence in NAMA. Yesterday, I asked An Garda Síochána to investigate, under section 19 of the Criminal Justice Act, why NAMA did not report the discovery that US investment fund PIMCO had been requested to pay £5 million to a former member of the NAMA Northern Ireland Advisory Committee, Mr. Frank Cushnahan. Despite this, NAMA...

Establishment of a Commission of Inquiry into the National Asset Management Agency: Statements (1 Feb 2017)

Mick Wallace: ...Accounts is an investigative body is rubbish. The Comptroller and Auditor General looked at one dimension of one sale, and the Committee of Public Accounts is looking at it also. It cannot access NAMA's papers. It cannot possibly hold NAMA to account. NAMA representatives went before the Committee of Public Account eight times and said what they liked. It is absolute rubbish. It is...

Leaders' Questions (13 Jul 2016)

Mick Wallace: Given that Ronnie Hanna was arrested in May 2016, can we expect NAMA to complain about him in May 2018? Aside from Frank Cushnahan, the arrest of Ronnie Hanna has brought Project Eagle back home to Dublin, yet the Government wants to bury its head in the sand. It is more than a year since I first gave the Garda the name of an individual who paid €15,000 in a bag in order to get...

Leaders' Questions (25 Apr 2018)

Mick Wallace: I am not making allegations. I am stating facts. I want the Taoiseach to dig deeper. Not only does NAMA have a tendency to play a bit footloose with criminal law, but it seems to care little for the data protection law. Two months ago, the Data Protection Commissioner found that NAMA was in breach of its obligations under data protection law regarding requests for data from the O'Flynn...

Leaders' Questions (15 Jul 2015)

Mick Wallace: ...said the Comptroller and Auditor General and the Committee of Public Accounts are the agencies in this jurisdiction for dealing with issues concerning the National Asset Management Agency, NAMA. We both know neither of them have the potential to fully hold NAMA to account. The legislation regarding the Comptroller and Auditor General does not allow for ongoing, intrusive oversight and...

Ceisteanna - Questions (Resumed) - Priority Questions: NAMA Operations (27 Mar 2018)

Mick Wallace: The truth is that NAMA can delete what it likes and that is what it is doing. The policy of deleting staff emails 12 months after they have left the agency is not in line with the approach of any similar organisation in the public sector. No other State agency has this policy. According to the National Management Treasury Agency, NTMA, NAMA's parent agency, it has no set timeframe...

Northern Ireland: Statements (15 Jul 2015)

Mick Wallace: ...will improve for the Republic and the North of Ireland if there is more clarity about what happened with Project Eagle. I have a number of questions the Government should deal with; after all, NAMA is an agent of the State. Mr. Frank Daly has confirmed that Mr. Frank Cushnahan, formerly a member of NAMA's Northern Ireland advisory committee, was one of the central participants and a...

Leaders' Questions (26 Nov 2015)

Mick Wallace: Any allegations I have made against NAMA have zero to do with my business. I never had interaction with NAMA through my business. I did not go into NAMA. The Tánaiste seems to be deliberately failing to interpret what I have said. I have given her some new information and I have outlined how I was told untruths by NAMA when it was questioned. The Tánaiste does not seem to have...

Leaders' Questions (Resumed) (12 Jun 2018)

Mick Wallace: When the assets were moved to NAMA for more than €30 billion it was not expected that the agency would just get its €30 billion back. The assets were valued at over €74 billion before they went to NAMA. That was their book value in the banks. It was expected that they would reach somewhere in between, at least, which would put the figure around €60 billion. The...

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Mick Wallace: ...it to be all about him but people say it is not all about him. I think, however, it might suit the Minister to have it about himself because he has been very fond of taking the focus away from NAMA where the focus should be. Let us talk about NAMA. I read the report twice, then went back over it and marked it. The committee report states:The Committee's view is that the Sale of...

Other Questions: NAMA Operations (16 May 2018)

Mick Wallace: This question relates to the ruling by the Data Protection Commissioner on NAMA and the O'Flynn Group. Could the Minister tell me whether he has discussed the ruling with the NAMA CEO and chairman? The last time we spoke about this, the Minister informed me the board of NAMA is currently considering the ruling of the commissioner and will respond to it. Could the Minister tell me whether...

Written Answers — Department of Finance: State Aid Investigations (30 Jan 2018)

Mick Wallace: 84. To ask the Minister for Finance the status of his dealings with the European Commission Director General for Competition regarding the state-aid complaint concerning NAMA and its involvement in the private sector; when he expects a decision will issue from the EU regarding same; if NAMA and his Department are working together on this issue; his views on whether comments by An Taoiseach in...

Leaders' Questions (25 Apr 2018)

Mick Wallace: ...does not create an independent body with the necessary legal power to enforce the Bill's provision. Sadly, the legislation may have come too late for some organisations. We know for a fact that NAMA's chairperson and chief executive were aware of corruption taking place within the organisation to which they turned a blind eye. When it was discovered that a NAMA employee had been...