Results 1-20 of 321 for nama speaker:David Cullinane

Nursing Home Charges and Disability Allowance Payments: Statements (9 Feb 2023)

David Cullinane: ...has no legal obligation to pay them back. That is perhaps the most sickening element of these scandals and demonstrates the callousness with which this Government acts. We take money from people that we should not be taking from them, and we know we are acting outside the law but will do everything possible not to pay them back. When that was happening, no end of money was found to set...

Written Answers — Department of Finance: National Asset Management Agency (8 Nov 2022)

David Cullinane: 250. To ask the Minister for Finance his views on a matter raised in correspondence (details supplied) regarding apartments held by NAMA in need of remediation; if he will seek an explanation from NAMA; and if he will make a statement on the matter. [54258/22]

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

David Cullinane: ...is not something that is generally available in the public sector. My understanding - I might be wrong - is that one of the few other semi-State or Government agencies to run a similar scheme is NAMA, but there may be others. Why is there a voluntary redundancy scheme in place? It seems to be a very attractive scheme and obviously is very good for the staff. Why is it in place in the...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General
Chapter 21 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2018 (4 Jul 2019)

David Cullinane: ...statement but perhaps we could get a more detailed note on how it works. That may be useful for us, given that our attention has been drawn to it. It seems to be unique although I believe NAMA and others operate similar schemes. Is that correct?

Public Accounts Committee: Business of Committee (13 Jun 2019)

David Cullinane: Does NAMA accept that it was a failure on its part that the disclosure was not made in the annual financial statements and that the audit committee was not informed, or is that just Mr. McCarthy's opinion? Has he received a response from NAMA on this point and is it an ongoing issue for his office?

Public Accounts Committee: Business of Committee (13 Jun 2019)

David Cullinane: It is not clear whether NAMA has accepted that it was a mistake not to put it in the financial statement and inform the audit committee about it.

Public Accounts Committee: Business of Committee (13 Jun 2019)

David Cullinane: I am satisfied with that if Mr. McCarthy is satisfied with it. My concern is that if NAMA did not accept that a mistake had been made, it could happen again.

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

David Cullinane: ...resources to be able to delve into a lot of what is coming our way. Much of it could be irrelevant. We do not know. The Comptroller and Auditor General said that in the course of auditing the NAMA accounts, Project Nantes will come across his desk anyway. Is it something of which he is aware?

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Department of Communications, Climate Action and Environment
Chapter 8 - Measures relating to Cyber Security
Chapter 9 - Energy Efficiency National Fund (6 Dec 2018)

David Cullinane: I understand that but my point still holds. We have had to examine how the tender process works in respect of many different organisations. NAMA was a recent one where we looked at tendering processes for large projects. My point is that if there is insufficient competitive tension, it is not the ideal solution so having one bidder - one consortium - in the process is not healthy. Did we...

Public Accounts Committee: Business of Committee (22 Nov 2018)

David Cullinane: We have received several pieces of correspondence on Project Nantes and we tried to address it when NAMA last appeared before us, but NAMA was not in a position to answer questions on it, or at least the questions that were being put. We are getting information. We cannot take all of it at face value, but many questions are being raised. We were able to examine Project Eagle because the...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 13 - Office of Public Works
Chapter 6: Lease of Offices at Miesian Plaza (11 Oct 2018)

David Cullinane: Here is my concern. This comes up over and over again. We saw it with NAMA and different organisations. Sometimes I believe it is deliberate and intentional not to put these benchmarks in place because then organisations can do what they want to do or maybe it is easier for them. I believe it goes back to some of the correspondence provided in 2014. Mr. Bourke seems perplexed by my...

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)

David Cullinane: ...to focus on a number of different topics. Notwithstanding the interesting anecdotes of meetings with the troika and Ministers for Finance, I want to first get some context on the performance of NAMA. I have no doubt a lot of good work was done and a lot of good decisions, it seems, were made. Other decisions were questionable and we have scrutinised them in the past, although I will not...

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)

David Cullinane: ...out there first, as I thought it important. With regard to housing, and I want to stay with the Comptroller and Auditor General, chart 7.1 gives a breakdown of how many units were completed by NAMA and delivered up to 2016. Is that correct?

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)

David Cullinane: ...situation, and I will come to that shortly. To understand that and to link his contribution on the housing market and housing problem or crisis, whatever way one wants to describe it, with what NAMA did, one would need to have some sense of who owns those 8,000 properties. For example, how many are owned by corporate landlords and how many by families?

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)

David Cullinane: Has NAMA done that analysis and Mr. McDonagh just does not have the data with him, or is it something NAMA would not have done?

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)

David Cullinane: How many residential properties did NAMA sell to Cerberus?

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)

David Cullinane: ...everything I read in the newspapers, a very interesting column in The Times, Ireland edition, was headlined "State buys back homes sold to US equity firm", that firm being Cerberus. Essentially, NAMA sold houses to Cerberus and Cerberus then sold them back to the State's Housing Agency. I can only surmise that they bought the properties at an attractive price, perhaps made money on them,...

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)

David Cullinane: ...many social housing applicants through the rental accommodation scheme, RAS, and similar options. We need to build more social and affordable housing. That brings me to my point, namely, if NAMA is not putting enough social and affordable housing stock into the system through what it does, then NAMA becomes part of the problem itself. That is why I am interested in that breakdown. Will...

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)

David Cullinane: They are now seen as one of the State's largest private sector landlord companies. Arguments were made at the time that these apartments ought to have been sold individually. Was NAMA aware of those arguments? Were they considered?

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)

David Cullinane: NAMA has choices.