Results 1-20 of 115 for nama speaker:Eoghan Murphy

Written Answers — Department of Housing, Planning, Community and Local Government: NAMA Social Housing Provision (27 Jun 2017)

Eoghan Murphy: NAMA was established as an independent commercial body to operate under the direction of its Board of Directors, in accordance with the NAMA Act. Under Section 10 of the NAMA Act, NAMA is mandated to act in a commercial manner to obtain the best financial return for the State. As such, NAMA's dealings with its debtors, as well as the management, funding and sale of assets are all commercial...

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Eoghan Murphy: Okay, thank you. I just want to move to some of the evidence NAMA gave us when they were before us in relation to how NAMA debtors and the banks were managed once NAMA was announced. And one of the things that NAMA told us was that the extent to which NAMA, the banks, sorry, were collecting income from things like office blocks or shopping centres where the banks themselves ... that was not...

Written Answers — Department of Housing, Planning, and Local Government: NAMA Social Housing Provision (9 Oct 2018)

Eoghan Murphy: I am advised that the site to which the Deputy refers is not owned by NAMA, rather the site is controlled by a receiver and NAMA is the secured creditor. I have no role or powers in relation to NAMA secured loans or to direct NAMA to adopt a particular course of action. However, I do understand that Dublin City Council are currently having discussions with NAMA in relation to the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (6 May 2015)

Eoghan Murphy: Advances made to debtors once NAMA was announced that eventually went into NAMA. NAMA found that 17% of advances made by Bank of Ireland were not for commercial purposes and so were not repaid by NAMA, were not eligible under the scheme announced by the Central Bank at the time.

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

Eoghan Murphy: I would be very cautious on that front. We do not want to let the Committee of Public Accounts be used as a vehicle for any developer who has been treated fairly by NAMA but for other purposes wants to cast a negative light on the work of NAMA or regarding a particular portfolio they believe was not treated properly but which was but they were not included in it because NAMA decided not to...

Written Answers — Department of Housing, Planning, and Local Government: NAMA Portfolio (15 Jan 2019)

Eoghan Murphy: In 2011, my Department, the Housing Agency and NAMA commenced a process of engagement to determine whether properties from NAMA’s loan portfolio could be delivered for social housing. A Steering Group with representatives from each of the three stakeholders was established in 2012 for the purpose of managing the flow of information between NAMA, local authorities and Approved Housing...

Committee of Inquiry into the Banking Crisis: Nexus Phase (25 Jun 2015)

Eoghan Murphy: Thank you. And my last question in relation to NAMA, because in your story of 2010, NAMA comes up quite a bit. The, you know, announcements of the haircuts in March, then again in September. And each time you mentioned them, the prospect of a bailout comes closer into view. So was the work of NAMA delayed, and if NAMA had moved more quickly, are we then talking about bailout negotiations...

Written Answers — Department of Housing, Planning, and Local Government: NAMA Social Housing Provision (18 Dec 2018)

Eoghan Murphy: Following proactive engagement between NAMA, the Housing Agency and my Department, a process was established to ascertain whether residential properties controlled by NAMA borrowers and receivers are suitable for social housing. The properties considered were part of the security for loans that NAMA has acquired. In the majority of cases, properties remain in the ownership of the original...

Written Answers — Department of Housing, Planning, and Local Government: NAMA Social Housing Provision (29 May 2018)

Eoghan Murphy: To end Quarter 1 2018, the National Asset Management Agency (NAMA) had identified 6,984 units, associated with the security for loans that NAMA has acquired, that could be made available for social housing. Many of these units were in unfinished housing developments or developments that required significant remediation work. All of the units identified by NAMA, regardless of their condition,...

Written Answers — Department of Housing, Planning, Community and Local Government: Planning Issues (20 Jun 2017)

Eoghan Murphy: To end Quarter 1 2017, the National Asset Management Agency (NAMA) had identified 6,947 units, associated with the security for loans that NAMA has acquired, that could be made available for social housing. Many of these units were in unfinished housing developments or developments that required significant remediation work. All of the units identified by NAMA, regardless of their...

Hospitals Building Programme (27 Mar 2012)

Eoghan Murphy: Will the Minister comment on recent remarks by the chairman of NAMA, Mr. Frank Daly, that NAMA is actively considering a number of potential sites for the proposed children's hospital? How will this fit in with the work of the expert group? Will NAMA come before the group with a recommended site or sites or will these be considered only after the current site is rejected, if it is? Is the...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Eoghan Murphy: Okay. The other issue I raised was in relation to advances to debtors by AIB, once NAMA was announced, until the loans were acquired by NAMA. The Central Bank had said that it would be acceptable if NAMA deemed those advances to have been made on a commercial basis. So, this is to the debtors that are moving into NAMA from AIB and AIB advanced €595 million in that period but only...

Written Answers — Department of Housing, Planning, Community and Local Government: NAMA Social Housing Provision (13 Jul 2017)

Eoghan Murphy: To end Quarter 1 2017, the National Asset Management Agency (NAMA) had identified 6,947 units, associated with the security for loans that NAMA has acquired, that could be made available for social housing. Many of these units were in unfinished housing developments or developments that required significant remediation work. All of the units identified by NAMA, regardless of their...

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Eoghan Murphy: In his opening statement, Mr. McDonagh said that NAMA was established to achieve the best financial return for the State from the assets entrusted to it. However, the legislation does not exactly say that. The legislation is open to interpretation as to what exactly NAMA is meant to pursue above and beyond the value of the assets as it acquired them in 2009. Looking back to Mr. Brian...

Public Accounts Committee: Business of Committee (20 Feb 2014)

Eoghan Murphy: Can I ask the Clerk to organise our next sub-committee meeting on NAMA for the beginning of March if possible? Could the Comptroller and Auditor General give us a quick update on preparations for the tri-annual report, the first one under the legislation? With regard to this correspondence, after NAMA informed us that it had done a board evaluation report again this year, we requested...

Committee of Inquiry into the Banking Crisis: Nexus Phase (29 Apr 2015)

Eoghan Murphy: Thank you, Chairman. And thank you, Mr. Duffy. I still have a few questions in relation to NAMA, if I can. When you came into the bank, NAMA had just finished ... or was in the process of finishing the transfer of loans from AIB into NAMA. So did you review their work over that previous 12 to 20-month period?

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

Eoghan Murphy: With regard to the committee's work on NAMA, the Committee of Public Accounts is named in the legislation as the committee to which NAMA is responsible. It is also responsible to the Minister, and much of the Minister's dealings with it will happen behind closed doors, perhaps as they should. The Committee of Public Accounts is the one body which can publicly hold NAMA to account. The...

Written Answers — Department of Housing, Planning, and Local Government: NAMA Social Housing Provision (16 Jan 2018)

Eoghan Murphy: The National Asset Management Agency (NAMA) plays an important role in the delivery of social housing. To the end of December 2017, a total of 2,472 residential dwellings, which are part of the security for loans that NAMA has acquired, had been secured for use by local authorities or approved housing bodies. These comprise 2,335 completed dwellings and a further 137 that...

National Asset Management Agency: Motion [Private Members] (29 Jun 2016)

Eoghan Murphy: ...see the reasoned and measured approach echoed in each of the proposed amendments. We must allow ongoing investigations the time and space to complete their work. It is in all of our interests that NAMA has secured and continues to secure the best return possible for the Irish taxpayer. I remind Deputies that this has happened because the Oireachtas had the foresight to provide for...

Written Answers — Department of Housing, Planning, and Local Government: Departmental Agencies Funding (20 Jun 2018)

Eoghan Murphy: ...addressing the supply shortfall.  The HBFI Bill was published on 18 June and is a priority piece of legislation for the Government. The establishment of HBFI has been modelled on the successful operation of NAMA’s residential funding team which has facilitated the delivery of circa 7,300 homes since 2014.  Given this experience, I understand that existing NAMA staff...