Results 1-20 of 156 for nama speaker:Joan Burton

Leaders' Questions (24 Sep 2015)

Joan Burton: What NAMA has done is to appear before committees of this House and answer questions. All the questions and briefings are available both on the website of this House and, I understand, on the NAMA website. The Northern Ireland committee submitted a list of questions to NAMA regarding the sales process. NAMA responded to that on 4 September with detailed responses to the questions, running...

Leaders' Questions (24 Sep 2015)

Joan Burton: ...loan sale against whom allegations of wrongdoing now are being made. The loan portfolio was sold after an open process to the highest bidder for what it was worth. As I stated, attempting to put NAMA into what is a highly complicated Northern tale is not necessarily, I suggest to Deputy Adams, giving the full picture. NAMA did not appear before the Northern Ireland Committee for Finance...

Written Answers — National Asset Management Agency : National Asset Management Agency (23 Mar 2010)

Joan Burton: ...for National Asset Management Board members; if the rejection rate for applicants was comparable to other public service recruitment processes; if he will publish the details of remuneration for NAMA Board members; the annual cost of remuneration and expenses for the NAMA Board; the level of participation, in terms of days per month that is expected of NAMA Board members; if he will...

Order of Business (Resumed) (7 May 2009)

Joan Burton: What is the status of proposed legislation to establish NAMA as a toxic bank for failed loans to developers? It has been reported in the media that the Minister has appointed a shadow chief executive to NAMA. We have obtained independent legal advice that it is not possible for a shadow NAMA to function because under the terms of the laws dealing with the Financial Regulator there is no...

Leaders' Questions (2 Jul 2015)

Joan Burton: I am not familiar with the details of the particular case the Deputy outlined. The issue of the oversight of NAMA and proper procedures is important because NAMA was, in effect, a kind of bad bank for the explosion that happened in the Irish property market when construction and the financing of it fell apart. In regard to the arrangements made for NAMA, I suggest that if the Deputy has...

Written Answers — National Asset Management Agency: National Asset Management Agency (12 Oct 2010)

Joan Burton: Question 227: To ask the Minister for Finance if loans scheduled for transfer to National Asset Management Agency (NAMA) are to be limited to those where the borrower owes in excess of €20 million, an increase on the original €5 million limit; the nominal value of loans scheduled for transfer to NAMA and the total value of the senior and subordinated NAMA bonds he expects to issue in...

European Central Bank Lending. (3 Feb 2010)

Joan Burton: Does the Minister agree that in the longer term, the bond markets are likely to count NAMA bonds as part of Irish debt? While I agree with the Minister that there has been much favourable international comment in regard to wage reductions, for example, and a favourable comparison of Ireland with Greece, that is unlikely to sustain itself as the NAMA process works through because the level of...

Written Answers — National Asset Management Agency: National Asset Management Agency (13 Oct 2009)

Joan Burton: ..., his Department officials, the National Treasury Management Agency, the National Asset Management Agency or the professional advisers at his disposal have carried out stress tests with respect to NAMA in terms of interest rate movements; if he will confirm that senior NAMA bonds will be short dated with a maturity of less than one year; his views on whether this poses a significant...

Leaders' Questions (2 Jul 2015)

Joan Burton: In terms of this House and under the Constitution, the Comptroller and Auditor General has a specific role, including in regard to the oversight of NAMA. There have been three special reports on NAMA's activities by the Comptroller and Auditor General and they have been broadly positive in their assessment of how NAMA is managing what is a very complex business. I regret that NAMA ever had...

Economic Issues: Motion (6 Jul 2010)

Joan Burton: I thank the Leas-Cheann Comhairle. This afternoon saw the formal publication in the Dáil of the revised NAMA business plan. In the context of this Fine Gael motion on the economy, the NAMA business plan is appalling news for taxpayers. It shows that, in the nine months since the draft business plan was published, the people in NAMA have revised their estimate of it making a profit of...

Written Answers — National Assets Management Agency: National Assets Management Agency (15 Jun 2010)

Joan Burton: ...the National Assets Management Agency reportedly continue to engage in significant property deals in other jurisdictions without making any serious attempt to discharge debts owed to the banks and NAMA; if his attention has been drawn to reports of certain high profile developers successfully relocating to other jurisdictions; if his further attention has been drawn to comments made by the...

Order of Business (17 Dec 2009)

Joan Burton: When will the chairperson and the board of NAMA be appointed? In the business plan it was proposed that something like €30 billion of assets would be dealt with by NAMA before the end of the year, but we still have no information about the board and the chair. When will the announcement be made? The Minister for Finance indicated previously that it would be before Christmas, and...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Joan Burton: Will the Minister outline the implications of these provisions for individuals or institutions subject to the NAMA process in regard to items or assets that are offshore? I raised this issue in the course of the debate and have not yet received a clear response. If I understand the Minister correctly, these provisions are intended to cater for a variety of situations, both onshore and...

National Asset Management Agency Bill 2009: From the Seanad (12 Nov 2009)

Joan Burton: Section 12(2)(ac) makes provision for carrying on "any business that NAMA considers can be conveniently carried on in connection with any of its functions or is calculated directly or indirectly to enhance the value of or facilitate the realisation of or render profitable any of NAMA's property or rights". The Peter Bacon report on hotels found that up to 20,000 hotel rooms should be closed....

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Joan Burton: ...and I offered the Minister the opportunity to bring forward amendments that reflect its principal purpose. It would be outrageous if people who benefit from the chain of actions arising from NAMA, taking over loans, pursuing guarantees, acquiring land development interests, could avail of Ireland's generous tax exile laws and relocate out of the jurisdiction. The Minister answered that...

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage (5 Nov 2009)

Joan Burton: To set the record straight, the NAMA draft business plan is constructed around the notion of significant tranches of loans being transferred from the banks to NAMA in 30-day periods, so that by the end of July, it is anticipated that the €54 billion in loans or the bonds will be issued. Therefore, it is the structure of the Minister's proposals that gives rise to the response of a 30-day...

National Asset Management Agency. (8 Jul 2009)

Joan Burton: ...discount. Does the Minister understand that people working with and running businesses in this country are terrified of the charges the Government proposes to put on the backs of taxpayers for the NAMA process? Mr. Lundgren, the gentleman from Sweden, specifically told us that in Sweden the banks had to take the hit in terms of discounting the values. The Minister said NAMA is not going...

Order of Business (7 Jul 2009)

Joan Burton: Will the Taoiseach indicate if he would make available to the Opposition a timetable in respect of NAMA by the time the Dáil rises? At the North-South meeting certain briefings were given concerning NAMA suggesting it would be done over a very lengthy period, perhaps ten years or more. It seems odd to brief people in detail from the Northern Ireland Executive but not to be in a position to...

Leaders' Questions (24 Sep 2015)

Joan Burton: Without labouring the point, this House decided, in establishing the NAMA legislation, to have the strictest barriers between politicians' contact with NAMA, including office holders. The rules were stricter than those in place in any previous legislation of which I am aware. The record will show that I did not particularly care for the NAMA model, which was brought forward by Fianna...

Northern Ireland Issues. (7 Jul 2009)

Joan Burton: I refer to the briefing by the Minister for Finance in respect of NAMA. Remarks are attributed to the Northern Ireland First Minister, Mr. Peter Robinson, in respect of NAMA and the way in which it would operate. He indicated his fears that assets, which would be presumably covered by Irish banks and, therefore, part of the NAMA process, might be put for sale on the market and sold off...