Results 1-20 of 55 for nama speaker:Josepha Madigan

National Monuments (The Moore Street Battlefield) Bill 2018: Second Stage [Private Members] (20 Sep 2018)

Josepha Madigan: ...in the form of the passageways they burrowed through from building to building during the final phase of the Rising. Earlier proposals to secure the restoration of the national monument through a combination of funding from NAMA and a property exchange between Dublin City Council and the developer within the surrounding Dublin central development site did not materialise. The monument...

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

Josepha Madigan: I will be very brief. The Minister of State, Deputy Eoghan Murphy referred to the National Asset Management Agency Act. NAMA was set up by the Fianna Fáil-led government in 2009 and was part of the troika bailout. Deputy Burke alluded to the word "expeditious" which was mentioned on numerous occasions in the Act. It is my personal view that haste was put before prudence. This...

Public Accounts Committee: Business of Committee (29 Mar 2017)

Josepha Madigan: ...said was that it was premature because the Department does not have the facts. Secondly, and in this regard I am entitled to make my opinion known to the committee, it is not personal in relation NAMA. While it could very well be a very interesting issue, I am just saying in general terms that this committee should not be led by media reports. That is all. It is not personal to Deputy...

Public Accounts Committee: Policy on the Retention of Contemporaneous Notes in the Preparation of Board Minutes: National Asset Management Agency (14 Dec 2016)

Josepha Madigan: ..., as exceptional circumstances, the rationale should have been recorded. It is helpful that Mr. Daly has said that the minutes are now recorded in greater detail. I ask him to explain how NAMA is now doing that as opposed to what it did in the past.

Public Accounts Committee: Policy on the Retention of Contemporaneous Notes in the Preparation of Board Minutes: National Asset Management Agency (14 Dec 2016)

Josepha Madigan: Does Mr. Daly understand the difficulty the Committee of Public Accounts has in accepting NAMA's valuation when there is no documentary evidence to back it up?

Public Accounts Committee: Policy on the Retention of Contemporaneous Notes in the Preparation of Board Minutes: National Asset Management Agency (14 Dec 2016)

Josepha Madigan: The fact that NAMA has changed its procedure and is now recording the rationale is of benefit.

Public Accounts Committee: Policy on the Retention of Contemporaneous Notes in the Preparation of Board Minutes: National Asset Management Agency (14 Dec 2016)

Josepha Madigan: The reason this is important is that we need to eradicate any hint of untoward happenings. If NAMA were to show the rationale, it would demonstrate that. That is really what this is about because it begs a question that is left unanswered. That is why I spoke earlier about extenuating circumstances when there is so much money at stake. Mr. Daly stated NAMA would address the matter in...

Public Accounts Committee: Policy on the Retention of Contemporaneous Notes in the Preparation of Board Minutes: National Asset Management Agency (14 Dec 2016)

Josepha Madigan: I apologise for interrupting. I know it happens at board meetings that it is said a conversation will not be recorded in the minutes. From that perspective, it would be in NAMA's interests to ring-fence that.

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)

Josepha Madigan: Some of the characters are more desirable than others and some are quite nefarious, with a plot line changing as it goes along. I am not sitting here in judgement of Mr. Daly or NAMA, for that matter. We have a report to produce and we are trying to establish the truth more than anything else. The witness can understand, from our perspective, when we are hearing different narratives and...

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)

Josepha Madigan: I have a more pertinent question. I understand that in other NAMA loan sales, the loan sale advisers valued both the loan collateral and the loan portfolio for disposal in a single lot. I understand that in the case of another NAMA multi-debtor, where there was a multi-property sale, the loan sale advisers advised on alternative loan sale strategies and provided a commentary on market...

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)

Josepha Madigan: Did NAMA, or any of the NAMA team who are present today, ever have previous dealings with Cerberus or with Mr. Mark Neporent?

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)

Josepha Madigan: Had NAMA had any dealings-----

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)

Josepha Madigan: Okay. There was a relationship between NAMA and Cerberus.

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)

Josepha Madigan: Mr. McDonagh does not think there was any interference from NAMA in relation to Cerberus.

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)

Josepha Madigan: It is interesting that there was a link between NAMA and Cerberus at some point, even if it was a tenuous link. I would also like to ask about the Northern Ireland Executive. Martin McGuinness's evidence before this committee was completely contradicted by Peter Robinson. Mr. McGuinness told us there were active efforts to exclude him. In other words, Mr. Robinson was trying to exclude...

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)

Josepha Madigan: I would like to ask a question about minutes while we are on the subject. I do not think this question was asked by Deputy Cullinane. The minutes of the telephone calls NAMA had with PIMCO at 4 o'clock on 10 March 2014 and at 11 o'clock on 11 March 2014 are identical.

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)

Josepha Madigan: "NAMA internal Contemporaneous Notes of Conference Calls between PIMCO and NAMA."

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)

Josepha Madigan: No, I am referring to the NAMA internal contemporaneous notes of conference calls between PIMCO and NAMA. I have record 1 and record 2, which are identical, but they are of telephone conversations that took place on different dates and at different times.

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)

Josepha Madigan: ...referred to Mr. Patrick Long from Lazard earlier. I know Mr. Daly referred to this matter earlier but I wish to go into it a little further. Mr. Long stated that he would not comment on the NAMA sales process because, he said, NAMA is a sophisticated organisation and it was not Lazard's place to advise on the sales process. That does not tie with what Mr. Daly stated on page 6 of his...

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)

Josepha Madigan: In his evidence, Mr. Long said that it was "not Lazard's place" to advise on the sales process. Those were his exact words. However, Mr. Daly, in his opening statement, stated that Lazard advised NAMA that there was sufficient competitive tension in the process with the remaining two bidders. That is a direct conflict.