Results 181-200 of 767 for nama speaker:Seán Fleming

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2015
Chapter 2 - Government Debt
Chapter 18 - Irish Fiscal Advisory Council
Finance Accounts 2015 (6 Jul 2017)

Seán Fleming: ...to my next question. When some of the banks got into trouble, the taxpayer had to bail them out. Essentially, what happened was that the bank debt, which was a problem debt, was handed over to NAMA, another State organisation, which, through its work, effectively reprivatised that debt to vulture funds such as Cerberus, etc. Instead of the debt being held by Irish banks, it is now held...

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

Seán Fleming: ...to the correspondent's approval. Is that agreed? Agreed. The next item is No. 627C, correspondence dated 22 June 2017 from the chairman of a company in the Czech Republic. This correspondence alleges that NAMA failed in its duty to achieve the best achievable financial return for the State by dealing expeditiously with the Savarin loan portfolio owned by Welwyn in order to expedite...

Public Accounts Committee: Business of Committee (22 Jun 2017)

Seán Fleming: We will note and publish that correspondence. Next are Nos. 593C(i) and (ii), correspondence dated 15 June from NAMA enclosing its response to a request from the committee to address queries raised by Deputy Wallace regarding the sale of Project Shift to Cerberus. According to the correspondence, NAMA expects the proposed commission of investigation to consider that Project Shift falls...

Public Accounts Committee: Business of Committee (22 Jun 2017)

Seán Fleming: NAMA has been shifting it well. Nearly all of it has been shifted.

Public Accounts Committee: Business of Committee (1 Jun 2017)

Seán Fleming: No. 527C, dated 23 May 2017, is from Deputy Mick Wallace, raising a number of issues about NAMA's sale of part of its Northern Ireland loan portfolio under the name Project Shift. I propose we write to NAMA enclosing a copy of the letter and ask for a response in the first instance, and when we receive it we can deal with the response. We will also note that NAMA is back for what I call its...

Commission of Investigation (National Asset Management Agency) Order 2017: Motion (23 May 2017)

Seán Fleming: ...firm conclusion that this commission of investigation should be established forthwith. Fianna Fáil is pleased with the terms of reference, which include examination of the disposal strategy by NAMA of its Northern Ireland loan book portfolio, and consideration of the minimum price supplied. This is a very important issue. There were many technical discussions about what discount...

Public Accounts Committee: Business of Committee (18 May 2017)

Seán Fleming: ...examination into the Garda College in Templemore. We will discuss this in private session before we go into public session. Nos. 488C(i) and (ii) are correspondence dated 12 May 2017 from NAMA in reply to correspondence regarding the sale of the Savarin portfolio in the Czech Republic. We will note this response and forward a copy to the original correspondent. Is that agreed?...

Public Accounts Committee: Business of Committee (11 May 2017)

Seán Fleming: Category C is correspondence from private individuals and any other correspondence. Nos. 434C(i) and (ii) are carried over from last week. This is correspondence received from the chairman of NAMA regarding to the committee’s report on Project Eagle.It is a short letter and I will read it to members. We will not have a detailed discussion on it but we have to make some response. I...

Public Accounts Committee: Business of Committee (11 May 2017)

Seán Fleming: ..., we will have a list of the documentation, a proposal - we will call it a plan - for how we are going to do our work and an approximate timescale. It is not going to go on for months like the NAMA inquiry. There are some net points here. We will keep it specific to what is in front of us - the financial process and all of that. We will come back next week.

Public Accounts Committee: Business of Committee (6 Apr 2017)

Seán Fleming: ...of the Quigley report recommendations by Waterford IT. We will note and publish the correspondence. It is relevant to today's meeting. Items 391B(i) and (ii) comprise an e-mail from NAMA on 30 March attaching a letter from the chairman of NAMA referring to comments I made at last week's meeting on the committee's draft report on Project Eagle and information held by NAMA about the...

Public Accounts Committee: Business of Committee (30 Mar 2017)

Seán Fleming: ...influence how I am. I want to go on to talk about two further people who threatened legal action in respect of this committee and its proceedings.. First, in my conversations with the chairman of NAMA over a period, he first mentioned that legal advice was being considered but the high financial cost to NAMA was something that had to be taken into account. That remark did not influence...

Public Accounts Committee: Business of Committee (30 Mar 2017)

Seán Fleming: On our report, in that we were potentially making adverse findings against NAMA. I am taking it a step further. Senior people in this House made it very clear to me as Chairman that if they were not happy with the wording in the report, they would prevent our report being issued and they would take it to the Committee on Procedures and Privilege to have it approved by it.

Public Accounts Committee: Business of Committee (30 Mar 2017)

Seán Fleming: ...be issued. I am now making it very clear as Chairman of the Committee of Public Accounts, before this report is issued, that the question of legal challenge was raised with me by the Minister for Finance; NAMA raised with me that it was considering the issue; and senior officials in this House said they would consider their approach in terms of not allowing-----

Public Accounts Committee: Business of Committee (30 Mar 2017)

Seán Fleming: .... I am now putting on record that I think the fact we did our work has strengthened the committee, despite people's efforts to undermine us. We are a stronger committee for it. With regard to NAMA, I have served on this committee for a couple of terms and, during those terms and perhaps this term, I have often been critical of the report of the Comptroller and Auditor General and why...

Public Accounts Committee: Business of Committee (30 Mar 2017)

Seán Fleming: I do not have the name of the person, but it was not the chairman who said that to me. I did refer previously to a conversation with the chairman of NAMA. The context of the conversation on the issue was that some people are suggesting there was an issue of the cost. He was not saying it was going to happen. He did not indicate that to me, he said it was a possibility, I did not take it...

Public Accounts Committee: Business of Committee (30 Mar 2017)

Seán Fleming: ...work to deal with. There is no point in asking them to withdraw. On this morning’s meeting, I want to clarify an issue raised. I mentioned an issue relating to the Minister for Finance, NAMA and officials in the House. I wish to make clear that the two other external groups dealt with the potential for external legal challenges. The issue relating to the House is quite...

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

Seán Fleming: I welcome the opportunity of speaking to this motion. I had hoped the debate would be on the NAMA report, but the Minister feels it is all about him. It was not about him at all. It was about NAMA. There are 101 pages in the report and only two paragraphs about the Minister, but he thinks it is all about him. The litany of information the Minister made available was not relevant to...

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

Seán Fleming: ...it is here but, obviously, there will be a special focus on the chapter in the report on that day. The next item is from Deputy Cullinane on an RTE story of a possible loss of €800 million by NAMA on sales conducted in private. The Sunday Business Post suggested that €18 billion may have been lost due to the change in strategy in working out NAMA assets. To speed matters...

Public Accounts Committee: Business of Committee (9 Mar 2017)

Seán Fleming: As part of our review of capital expenditure, that is good. We note that. We will return to it as part of our future work programme. No. 324C (i and ii), dated 24 February, is from NAMA, following up on the sale of the Savarin portfolio in the Czech Republic. Can we agree to forward this to the original correspondent and note it? Agreed. No. 325C, dated 24 February, from Deputy...

Public Accounts Committee: Business of Committee (23 Feb 2017)

Seán Fleming: ...far enough in advance it should be possible. Again I stress that a minimum number going is an important factor as well. We will move on. No. 307B is correspondence dated 15 February 2017 from NAMA regarding clarification of information sought from Project Eagle. What is that?