Results 1-14 of 14 for nama speaker:Gerry Horkan

Joint Oireachtas Committee on Transport, Tourism and Sport: Security, Recruitment and Training at Dublin Airport: Discussion (14 Jun 2023)

Gerry Horkan: Is that a NAMA property?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

Gerry Horkan: That is a nice business model. I presume our guests are familiar with the concept of NAMA and so on.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Matters Relating to the Banking Sector (Resumed): Pensions and Investment Research Consultants Ltd (28 May 2019)

Gerry Horkan: NAMA has reported "profits". If assets of €100 billion are written down to €30 billion before they are inherited and are then sold for €31 billion, the argument is that NAMA made a profit when ultimately the State has already picked up the loss of €70 billion in the first place. It is a reduction of the loss from €70 billion to €69 billion. Is that...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Business of Joint Committee
No Consent, No Sale Bill 2019: Discussion (2 Apr 2019)

Gerry Horkan: ...when those funds are possibly only getting involved to earn a quick buck. There should be some other vehicle that takes the non-performing loans off the books of the banks and deals with them. We may need a NAMA-type operation but I get the impression that such a vehicle does not exist.

Seanad: Consumer Protection (Regulation of Credit Servicing Firms) Bill 2018: Second Stage (5 Dec 2018)

Gerry Horkan: ...and supply agreement to provide greater protection for mortgage holders, tenants and SMEs whose loans have been transferred to non-regulated entities, or vulture funds. Ireland has had loan sales before from NAMA and from the liquidation of IBRC, Danske Bank and Bank of Scotland Ireland. Prior to 2015, there was absolutely no protection for borrowers whose loans were sold to unregulated...

Seanad: Mid-term Capital Review and Public Service Pay Commission Report: Statements (30 May 2017)

Gerry Horkan: ...and the European Investment Bank, which, as the Minister mentioned, now has a base in Ireland. We also need to look for uses for the proceeds from the AIB share floatation and any positive returns we get from NAMA. The European fiscal rules need to be adjusted for capital expenditure and we should probably be much more proactive on that front in order to allow for further capital...

Seanad: Commission of Investigation (National Asset Management Agency) Order 2017: Motion (24 May 2017)

Gerry Horkan: ...of State for joining us again in the House. He is getting quite used to being here on various matters. Fianna Fáil supports this motion and a commission of investigation into the sale of NAMA's Northern Ireland loan book, known as Project Eagle. This was agreed by the Government last autumn and the commission of inquiry will be the responsibility of the Taoiseach, as it would...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)

Gerry Horkan: ...to be close to 330. Clearly there are other large bodies under the remit of the Department such as the Revenue Commissioners, the Central Bank, the Irish Bank Resolution Corporation, NTMA and NAMA. What is the Department's involvement with these bodies day to day? They are under the Department's remit but are somewhat independent or to a greater extent are quite independent. Perhaps...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)

Gerry Horkan: Is it the same in the case of NAMA?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)

Gerry Horkan: Regarding what NAMA does and how it does it, if the Department is not happy with what NAMA is doing or how it is being done, can the Department change what NAMA is doing or is NAMA independent of the Department? Can NAMA do whatever it wants irrespective of the Department's opinion?

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Statement of Strategy 2017: Department of Finance (19 Jan 2017)

Gerry Horkan: Is the Department happy with how NAMA is performing?

Seanad: Public Bodies Review Agency Bill 2016: Second Stage (7 Dec 2016)

Gerry Horkan: ...the responsibility to review 140 different bodies at least once every seven years. The list is extensive and includes the Child and Family Agency, Bord Bia, the Arts Council, IDA Ireland, the Central Statistics Office, NAMA and the NTMA. I shall not list them all. If the Minister does not implement a recommendation then he or she will have to compile a report on why not within 90 days....

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach: Banking Sector in Ireland: Permanent TSB (22 Nov 2016)

Gerry Horkan: The bank is like a long-term mini-NAMA in terms of realising the properties slowly over time but ideally keeping as many people in their properties as is possible.

Seanad: Summer Economic Statement 2016: Statements (Resumed) (14 Jul 2016)

Gerry Horkan: ...economic issue. Ireland is falling way behind the estimated 25,000 housing units needed a year. The Government has failed to provide any meaningful capital plan beyond reheated announcements. The failure to accelerate the transfer of NAMA units has also exacerbated the social housing waiting list and only 10% of homes earmarked by NAMA for social housing have actually been transferred...