Results 1-20 of 71 for nama speaker:Shane Cassells

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

Shane Cassells: What was key on the day from NAMA's and Mr. McDonagh's point of view was NAMA's willingness to assist local authorities with the completion of housing projects if they had not been finished and so forth. He stressed that it was not a financial issue from NAMA's point of view.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Shane Cassells: ...analysis pieces done recently in national newspapers on the work of this committee, in this respect berating members, including the Chairman, for some of the approaches and on their questioning of NAMA officials and other senior witnesses. When NAMA officials have attended these meetings, they has been quite strong in attacking back, in particular, in terms of PIMCO, as Deputy McDonald...

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)

Shane Cassells: ...by Martin McGuinness and Peter Robinson. She credited Martin McGuinness for coming here, unlike Mr. Robinson. There are differences between the version of PIMCO and what we have heard from NAMA today but I acknowledge that NAMA representatives have come here twice, whereas PIMCO has refused to do so. On the PIMCO withdrawal, I note the difference between the words used by both sides....

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Shane Cassells: Has there been an interaction between NAMA's office and him or his office to discuss that? Has the Department of Finance sought explanations for the discount and the rationale behind applying it? Have the Department, the senior officials and the Minister accepted NAMA's rationale over the past few months?

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)

Shane Cassells: Mr. McDonagh said NAMA was not leaving easy money on the table and that other potential bidders would have spotted the chance for an easy killing. The Comptroller and Auditor General said the PIMCO bid for the top 55 assets was £59 above the NAMA net disposal figure.

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)

Shane Cassells: In terms of that good relationship, I assume NAMA has a good relationship with the senior planners who scripted that plan and that NAMA conveyed those thoughts to the planners.

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)

Shane Cassells: ...their attitude? The mind boggles when one considers their attitude towards completed units. They did not have the wherewithal to grasp that potential. What is their attitude now to dealing with NAMA at the height of a crisis and given the fact that the tenure of NAMA is coming to an end?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Shane Cassells: That is fine I can go back and check on her analysis of the role that NAMA took in this respect and the manner of her defence of the role it took. I think we all asked Ms Nolan did she believe that the role NAMA took was the right course of action in securing the best possible deal for the State.

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)

Shane Cassells: ...gleaned from the exchange so far has been beneficial. I appreciate the frank offer of information. I wish to begin with Mr. McDonagh's remarks in respect of the social housing engagement NAMA had with local authorities and the offer of 7,000 residential units to them by the agency, of which only 2,717 were taken up. He stated that many local authorities retrospectively contacted NAMA...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Shane Cassells: Has the Minister not contacted Mr. Daly or any other senior NAMA official to discuss the understanding? It is a topical issue. It is not too often people in the local pub discuss NAMA. The Minister has to be cognisant of the fact that this affects the ordinary person on the street. Has he picked up the telephone and asked Mr. Daly, one to one, his stance on this issue?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Shane Cassells: ...witnesses have really come out swinging. However, we spent the morning in a three and a half hour session here with the gentleman sitting to the witnesses' right who made a very stern case that NAMA did not. I made a note of his comments. He says it was not a well-designed sale process, "This sales process does not give me confidence that the best price was achieved and that there was...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Shane Cassells: ...selling and whether it was getting the money back. The Chairman raised points earlier in respect of table 7, where PIMCO in its bid for assets one to 55 had put in a figure of €950 million, yet NAMA was looking at a figure of €891 million. In terms of issues like that where potential bids were on the table, was NAMA advising the Department?

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)

Shane Cassells: On the planning side, with the in-house consultation team NAMA has, what are the implications of the new planning framework for the agency's land? Mr. McDonagh talked about whether it is zoned or unzoned. We have the new regional economic strategies coming down the line, which will lead to significant dezoning in commuter belts where land was potentially overzoned. The impact of these...

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)

Shane Cassells: In a note, Tom Rice, the European legal counsel at PIMCO, stated it did not want to continue in a process with any degree of impropriety for PIMCO or NAMA and that PIMCO was willing to withdraw completely. At this point, Ronnie Hanna asked whether PIMCO had considered other options and when Tom Rice asked to which options he was referring, Ronnie Hanna asked if it could be shaped differently...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Shane Cassells: ...- I think that is how it described it - of what was left, that was the motivation for the bundling of the assets. It felt the rump of what was left could not be worked out. That is what drove NAMA to the motivation for the opportunity to avail of an overall sale rather than a work-out. On that basis, Mr. McCarthy is asking for documentary evidence to show that is not the case. Would he...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Shane Cassells: ...work that was going to be conducted, I thought one of the most striking comments was from Sean Whelan in RTE. He referred to what was the unprecedented stand-off between Mr. McCarthy's office and NAMA, which obviously generated and captured the public attention. We have then had a series of unprecedented statements by NAMA. In that respect, considering the onslaught on Mr. McCarthy's...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Shane Cassells: ...of the allegations of Mr. Cushnahan's involvement, in the conclusions of the Comptroller and Auditor General, in an arrangement to share fees with Brown Rudnick, this warranted more action by NAMA when the matter came to light. Mr. McCarthy referred to those in NAMA being focused on what were their legal obligations rather than what were the options for action that should be considered....

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Shane Cassells: The Comptroller and Auditor General has made a very forthright statement here this morning to the effect that it is not an accounting difference between his office and NAMA. He has said the difference is about economic decision making and how one makes choices about public resources. That is a very important statement because the dispute was characterised as simply a matter of accounting...

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)

Shane Cassells: ...get nuggets of information but it is taking plenty of stoking to get them. One of the core points that is ultimately our objective to examine is the issue of a probable loss. Mr. McEnery and the NAMA chairman stressed this was a good deal. The Minister for Finance has wished us well in finding the truth. The question of motivation is central. Mr. Soffe said in his opening contribution...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Shane Cassells: I appreciate that, and obviously the members of this committee appreciate the factual report Mr. McCarthy has put forward. What interests me is the response to it from NAMA. We we will hear from and question its representatives later. However, there seems to be bully-boy tactics at play. Deputy Cullinane asked about NAMA operating in the real world and Frank Daly, in his own words, said...