Results 1-20 of 49 for nama speaker:John Deasy

Questions on Promised Legislation (1 Feb 2017)

John Deasy: I am referring to the promised legislation to set up the statutory inquiry into Project Eagle and NAMA. Is the Taoiseach now aware of the identity of the official from within Government Buildings, and most likely within his own office, who last October contacted The Irish Timesand told that newspaper that irregularities had been cited by the Comptroller and Auditor General in his report into...

Public Accounts Committee: Business of Committee (22 Oct 2015)

John Deasy: ...have stalled slightly. It is clear that the people we met are not happy with things like the historic survey that was done on the site. There are other issues as well. Just because we deal with NAMA in this committee, that is not in itself a hook. We can ask about the amounts of money the State is planning to spend to redevelop the site in its entirety and whether or not that will be...

Public Accounts Committee: Northern Ireland Assembly Finance Committee: Discussion on NAMA Project Eagle Sale (1 Oct 2015)

John Deasy: I thank Mr. McKay for taking the time to come to this committee meeting today. To clarify that last point, the Northern Ireland committee is asking questions and NAMA is giving written responses to those questions. There is a jurisdictional issue which is the reason NAMA has given for not appearing before the committee. Has the committee asked to meet NAMA privately?

Public Accounts Committee: Northern Ireland Assembly Finance Committee: Discussion on NAMA Project Eagle Sale (1 Oct 2015)

John Deasy: It just seems to be a case of all or nothing, with the committee wanting NAMA to appear before it. As Mr. McKay said, this is really about getting to the truth and finding out what happened here. Has the committee made a request to meet NAMA informally or privately to discuss these issues?

Public Accounts Committee: Northern Ireland Assembly Finance Committee: Discussion on NAMA Project Eagle Sale (1 Oct 2015)

John Deasy: I see a contradiction here. There is some stonewalling going on with regard to NAMA but there is a good jurisdictional reason, in my opinion, for NAMA not going to Stormont and appearing before Mr. McKay's committee. If the committee has not asked NAMA to meet it informally, it should do so and perhaps NAMA would be open to that. The committee should do so, particularly if its only or...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: The impression is being given that NAMA is stonewalling in response to the suggestion that it should meet the finance committee. That is why I am asking this question. Will representatives of NAMA meet the committee informally? Will Mr. Daly consider that?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: I will be brief, as this has been a long day. I wish to ask the witnesses about Project Eagle. It is an important question because of what has happened since regarding the reputation of NAMA and the potential damage to public trust in NAMA as this matter has continued. Mr. Daly has made clear that when the agency found out that Mr. Cushnahan was to have taken a fee, it stepped in quickly,...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)

John Deasy: ...up with the funds to continue this in terms of the European Regional Development Fund, ERDF, funding as well as matching funds from the council. It is almost there I think. We are not sure how NAMA is getting on with the other end of things regarding the developers and the disposal of this. Can Mr. Daly bring us up to speed as to where NAMA is at?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: In hindsight, did NAMA get it right a year later? That is also important.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: If I may follow on, Mr. McDonagh came here in May of last year and said the net loss involved with this was €200 million. In his statement he has now upped that net loss to NAMA to €280 million. Can he explain that? What it just not clear to him a year ago?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: I wish to pick up on a similar point to that which Deputy Fleming raised - namely, the divergence between materials from the Comptroller and Auditor General and the materials NAMA has given us. For example, the Comptroller and Auditor General talked about where the properties are geographically and said that 68% of the properties were located in Northern Ireland. In Mr. McDonagh's...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: ...I would like to dwell on that for a moment. Mr. Daly gave reasons as to why he felt it was probably the right thing to do when it came to the disposal of this loan book. Considering the resources in NAMA, it would make it easier to deal with other things and other properties as a result. Considering the amounts we are talking about here and the size of this loan book, I would question...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: ...been made by the board, and this is the key point for me. We have spoken about this three or four times since 2012 when the two witnesses have come before the committee. We have spoken about NAMA's analysis when it came to the disposal of properties and whether we should sit on them. That is the key issue. When I look at this I must say I would second guess it to a certain extent. I...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: Would NAMA get more for it than it would have got a year ago?

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: ...this point is the taxpayer will want to know whether this was the best deal at the time. I believe that is the priority for the taxpayers when they look at this entire saga. What will interest them is whether NAMA is making the correct decisions on the disposal of these properties, in this case a massive loan book.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: I am trying to figure out whether NAMA's analysis has been good. That is fair enough. We are dealing with taxpayers' money and it is fair game to ask the witnesses about their analysis and whether it was correct at the time. I need to get a specific answer and the committee has only an hour left.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: ...to these types of properties and geographical locations, give me an idea as to how much the market there has gone down or up. It comprises a fair chunk of this. Can Mr. Daly answer that? Does NAMA analyse this after the fact? It should do so to see whether the analysis made in the first place was correct.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: In which NAMA still has assets, but not in which it had assets.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: I am not talking about a strategy review about how they will be sold. I am talking about an after-the-fact review as to whether NAMA got its analysis right in the first place.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: I am questioning NAMA's methodology and its collection of data and decision-making with regard to analysing the data when it comes to a portfolio of properties. That is what I am asking and it is a fair point.