Results 1-16 of 16 for nama speaker:Alan Farrell

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

Alan Farrell: ...that it was dealt with at the meeting. What I would say, and it is not a slight on those who reported it, is that there are two reasons we are debating this matter in the first place: first, NAMA's bordering on aggressive response to the Comptroller and Auditor General's report, which I think was entirely inappropriate; and, second, the member of the Committee of Public Accounts, and I...

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

Alan Farrell: ...the entire process. I am sure the Chairman will accept that. I raised that point at the launch and I firmly believe that it did undermine our entire process. It took the focus away from NAMA and one can guarantee, from what I have seen on RTE and in other places, that the actual focus is now not on NAMA, not on the potential loss to the taxpayer-----

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

Alan Farrell: No, I am talking about prior to this evening. The entire focus has not been on NAMA and the potential loss to the taxpayer; it has been on the Minister for Finance and his officials.

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

Alan Farrell: ...of the day, I would actually say, "Here is a former Secretary of the Treasury of the United States who happens to be the chairman. I have no hand, act or part in the decision of the board of NAMA to do what they are doing. Therefore, it is entirely appropriate for me to actually meet with the Minister."

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Alan Farrell: ...on the course of action he outlined in the letter. It would be prudent either for the committee to correspond with Mr. Neporent to establish when those particular findings were made or for NAMA to provide the committee with his further responses. It would be helpful, although we have a limited timeframe.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Alan Farrell: That is appreciated and I look forward to NAMA's response in due course. However, I highlight the fact that the clock is ticking. I appreciate that NAMA is not going to provide information for us from its own files and that is up to Mr. Neporent to do so. That is noted. Last week in his opening statement and during his contributions Mr. Neporent referred to an outstanding fee due to NAMA...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)

Alan Farrell: ...it being brought to his attention because it was a significant document. According to the Hansard transcript Mr. McGuinness said that he pressed the Taoiseach for a dedicated representative on the NAMA board to raise and highlight issues of concern to the Executive and Assembly and that he was presented with information by the Ministers, Deputy Michael Noonan and Sammy Wilson MLA, at...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)

Alan Farrell: ...to exclude Mr. McGuinness from any discussion of the process, thereby putting Mr. McGuinness in what I would conclude was a very difficult position in the context of the information flow between NAMA, the Department of Finance and the Northern Ireland Assembly. Would that be a fair assessment?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (16 Nov 2016)

Alan Farrell: ...financial eyes, one sees it is highly likely that a significant sum of money would have been lost over and above that which was lost when this portfolio was sold. In his office's dealings with NAMA, its Northern Ireland advisory committee and other individuals, Mr. McGuinness expressed a preference previously for a certain purchaser of the portfolio, which unfortunately fell through....

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)

Alan Farrell: I thank the Minister and his officials for coming before us. Notwithstanding what the Chairman has just said regarding the comments of Mr. Daly, the Chairman of NAMA, I have an observation to make about that line of questioning from Deputy Cullinane. My understanding is that NAMA is obliged to run a competitive process under the NAMA Act and if that is the case, would that not in fact be...

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)

Alan Farrell: Have the Minister and his officials spoken to NAMA or any of its officials or representatives about the report since it was issued by the Comptroller and Auditor General? If so, what was the nature of those meetings?

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)

Alan Farrell: NAMA accelerated the process of agreeing to a specific bidder shortly after PIMCO withdrew from the process. My opinion is that at some point in the process NAMA decided that it had its white horse in the form of an acceptable bid, regardless of the terms and conditions associated with it, and simply went through from there. Does the Minister accept this? I appreciate that NAMA has made a...

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)

Alan Farrell: I would like to ask another question about the position NAMA adopted and the Comptroller and Auditor General's views on that process. As I said when I asked my second question, the position adopted by the Government is that a commission of investigation will look into Project Eagle. Does the Minister have a view on the difference between Project Arrow and Project Eagle? I refer to the fact...

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)

Alan Farrell: No, I am asking the Minister if he thinks it was prudent for NAMA to engage in such a process.

Written Answers — Department of Finance: NAMA Portfolio (17 Jan 2013)

Alan Farrell: To ask the Minister for Finance if there is a liaison facility in place in the National Assets Management Agency for homeowners of properties owned by developers who are under the remit of NAMA in order to resolve ongoing issues of health and safety requirements in these developments; and if he will make a statement on the matter. [1767/13]

Written Answers — Department of Environment, Community and Local Government: National Asset Management Agency (20 Nov 2012)

Alan Farrell: ...units required by Dublin City Council, Fingal County Council and Dun Laoghaire-Rathdown County Council; his views on the viability of using State owned properties that are under the remit of NAMA as accommodation for these families and persons as an alternative to sourcing extra funding for new properties; and if he will make a statement on the matter. [51003/12]