Results 21-40 of 767 for nama speaker:Seán Fleming

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: I am listening to everything that is being said and my observation is there is an interesting theme running through the response, not on NAMA but on several other issues. The sponsoring Department had to be aware of this from its ongoing contact with NAMA. It is impossible that the Department was not aware of this. I do not blame NAMA but it was impossible for the Department not to have...

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: This a very recent report, written only in the past fortnight. It is current. Local authorities had rejected 40% of the 7,000 residential units and sites suitable for housing offered to them by NAMA. The committee suggested that if they are still available to NAMA they be re-offered to the local authorities but NAMA responded that none of the units are now available. I accept we were late...

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: When this issue arose previously, I went to my local authority and raised with it the 100 houses offered to it by NAMA. I was shown a schedule of what was offered to each local authority by NAMA, the houses that were taken up and the reason for the rejection of particular houses in specific locations. Some of them were expensive properties in the wrong locations and in other cases there was...

Public Accounts Committee: Business of Committee (20 Jun 2019)

Seán Fleming: If the Deputy is not happy that the information she gets at local level, we will go back to NAMA. I do not want to request a list for every local authority in Ireland to be provided to the committee.

Public Accounts Committee: Business of Committee (13 Jun 2019)

Seán Fleming: .... We will note that the Health Information and Quality Authority is not accounting for pensions, as is usually the case for other organisations. Next is the National Asset Management Agency, NAMA, which is given a clear audit opinion. However, attention is drawn to the payment by the agency of €1.9 million to the Revenue Commissioners in November 2018 in respect of an...

Public Accounts Committee: Business of Committee (13 Jun 2019)

Seán Fleming: I will hold over the noting of these accounts of the National Asset Management Agency until next week. Our periodic report includes several recommendations in respect of NAMA which I do not think we have time to get into today. As I am not at all satisfied with the response from NAMA, I will hold over the response from the Minister for Finance to the periodic report. However, if members...

Public Accounts Committee: Business of Committee (13 Jun 2019)

Seán Fleming: We will write to NAMA asking how the issue arose, how it came to light and why it took so long to deal with it.

Public Accounts Committee: Business of Committee (13 Jun 2019)

Seán Fleming: The agency's annual report and financial statement for 2018 have been published and laid before the Oireachtas. It records an after-tax profit of €795 million for the year. NAMA is now stating that, subject to market conditions, its projected lifetime surplus is up from €3.3 billion to €4 billion. I had a quick look at the summary and it shows that the agency has...

Public Accounts Committee: Business of Committee (13 Jun 2019)

Seán Fleming: It was the subject of a recommendation in our periodic report which has been rejected by the Minister and NAMA. They are nearly there, which is fine. However, I am not satisfied and we will hold our ground. NAMA included some wholly unnecessary and gratuitous remarks in its response to the committee, which remarks I reject. I wish to discuss the matter next week. NAMA stated the European...

Public Accounts Committee: Business of Committee (13 Jun 2019)

Seán Fleming: The answer NAMA is giving ten years after it was established is that the regulations and the register might capture it, but it will be winding up at that stage. I am asking that this topic be held over because I wish to raise it and I am conscious that the committee has a few things to do in private session. We will return to it because it is very much on my radar. I was going to deal with...

Public Accounts Committee: Business of Committee (13 Jun 2019)

Seán Fleming: ...to be followed by the HSE. That legislation governing the HSE trumps normal accounting standards used by all other public bodies. This is only happening in the health area; it does not happen in NAMA or any of the other bodies. We are conscious of the fact it has always excluded the liability for matters with the State Claims Agency until they are settled and, although that would not be...

Public Accounts Committee: Matters Relating to the National Paediatric Hospital Development Board Financial Statements 2017: Professor Chris Fitzpatrick (11 Apr 2019)

Seán Fleming: No. Player Wills is out of NAMA now.

Public Accounts Committee: Business of Committee (28 Mar 2019)

Seán Fleming: ...with the Irish Council for Social Housing, provides details regarding security of tenure for clients in AHBs, including life tenure and any reduction in tenure in properties acquired under the NAMA scheme; overall staffing levels; details on the payment and availability scheme; information on local property tax paid by AHBs, paid at the minimum rate of €90 or thereabouts, which is...

Public Accounts Committee: 2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 29 - Communications, Climate Action and Environment
Broadband Service Provision: Discussion (Resumed) (28 Mar 2019)

Seán Fleming: ...will the Department arrive at an internal rate of return or cost of money charged for that period? Who is advising on that? We have had differences between the Comptroller and Auditor General and NAMA as to how those types of figures are arrived at and what is appropriate. Has that been factored in?

Public Accounts Committee: Business of Committee (7 Mar 2019)

Seán Fleming: ...this draft and will revert to the Committee at the earliest opportunity. We can incorporate that into the next periodic report. We will note and publish that. No. 2024B is from Mr. Brendan McDonagh, chief executive of NAMA, providing an update requested on the Player Wills and Poolbeg sites. We will note and publish this. We had considered this at the meeting before Christmas and asked...

Public Accounts Committee: Business of Committee (Resumed) (7 Feb 2019)

Seán Fleming: ...November 2018, the committee agreed to seek a briefing from the office in respect of section 172 of the National Asset Management Agency Act 2009, following the committee's discussion in respect of NAMA's correspondence on the topic regarding Project Nantes. We had a detailed briefing. This follows on from the letter from NAMA, No. 1761, which we published last December. Essentially,...

Public Accounts Committee: Business of Committee (31 Jan 2019)

Seán Fleming: ...from Accounting Officers or Ministers and follow-up to previous Committee of Public Account meetings and other items for publishing. First is No. 1761B, which relates to legal advice in respect to NAMA. We will deal with that in private session later today. No. 1795B is from the Department of Communications, Climate Action and Environment, dated 11 December 2018, and it provides a...

Public Accounts Committee: Business of Committee (24 Jan 2019)

Seán Fleming: ...note and publish. We will discuss them later this morning. The next correspondence is category B, from Accounting Officers and Ministers following up on previous meetings. The first letter relates to NAMA, Project Nantes and the legal advice. We will try to schedule that in the next week or two. We had a private meeting on Tuesday but we need another half an hour on that issue...

Public Accounts Committee: Business of Committee (17 Jan 2019)

Seán Fleming: ...well as follow-up to Committee of Public Accounts meetings and other items for publication. The first item of correspondence is No. 1761 B from Ms Mary Lawlor, Communications and Public Affairs Manager, NAMA, dated 29 November 2018, providing further information requested by the committee in relation to Project Nantes and the question of the sale of assets. We raised the issue in respect...

Public Accounts Committee: Business of Committee (17 Jan 2019)

Seán Fleming: .... Detail has been produced on a county-by-county basis. Within each county, every single offer is listed for every individual town, village or townland where the National Asset Management Agency, NAMA, felt it had a property that might be suitable. We will note and publish the correspondence. Some of this information is possibly already in the public arena. It should be available...