Results 121-140 of 194 for nama speaker:Marc MacSharry

Seanad: Budget 2016: Statements (13 Oct 2015)

Marc MacSharry: ...the case of housing, a dividend from the National Asset Management Agency will result in the construction of 20,000 houses by 2021, of which 90% will be built in the greater Dublin area. This will leaves 2,000 new NAMA homes for the rest of the country. If the Government were to alleviate the housing problem in County Sligo by addressing the waiting list of 1,000 people, only 1,000 new...

Committee of Inquiry into the Banking Crisis: Nexus Phase (2 Sep 2015)

Marc MacSharry: Yes, very briefly and we can deal with this in more detail with other colleagues. The NAMA valuations was something that the managing director clearly has an issue with. What's your view of that and do you share his view that they were flawed and what ought they have been?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Marc MacSharry: In your assessment, did NAMA save your business, or not? And are there features of NAMA's engagement with your company that you regard as particularly helpful and any as particularly unhelpful?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Marc MacSharry: Sorry, I am quoting from you, I'm just confusing myself slightly for a second. In your own opening statement, you said that "Mr. Daly's comments illustrate NAMA's lack of understanding of the development sector and I take exception to the generalised suggestion that diversification can only be explained as an unbridled and irresponsible "compulsion to purchase-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Marc MacSharry: Was it, okay, sorry, Mr. McDonagh ... "compulsion to purchase more", you said. Can I ask, did NAMA have an expertise or skillset deficit, to your mind?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Marc MacSharry: In your opening statement, you said, and I'm quoting, "I firmly believe that, from the outset, the Board of NAMA lacked experience in many important areas but most notably [I just said there a second ago again] in the area of asset management and development ... NAMA had embarked upon a strategy of disposals which I believe ultimately cost the State dearly." Can you expand a little bit on this?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Marc MacSharry: Okay. Well, put it another way. Let's just say NAMA, as opposed to board or executives, I mean do you feel that ... I mean, would it be correct to say that they embarked on a strategy for disposals which ultimately cost the State dearly - as an entity as opposed to individuals or board or executives or-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Marc MacSharry: Did your experience in disposals that ... did NAMA, do you think, or not, look to the assets with the stronger or the greater equity to dispose of first or to move first so as to raise capital for their own works rather than - and you had mentioned earlier - looking at the longer-term picture of what was viable development?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Marc MacSharry: ...only going to be questioning in a very general sense, okay. I'm going to quote for you and then I'm going to ask a question but in a very general sense. And you said in your opening statement: NAMA was required to have full regard of the legal rights of those who were to be affected by those powers. Regrettably, in my experience, it did not always happen. So not speaking...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Marc MacSharry: ...you a question, but if I'm veering offside, you can let me know because I am not sure. Again, in you opening statement you said: The O’Flynn Group co-operated fully in all of its dealings with NAMA, but there was no consultation with the developer when the loans were acquired; a strong business plan was rejected without explanation; and there was a leakage of very sensitive...

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Jul 2015)

Marc MacSharry: Okay, that's all I wanted to know about that. Very finally, three minutes ahead of schedule: for the taxpayer, do you believe that in NAMA, the public have got value for money?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Marc MacSharry: ...statement, you say that on the advice of KPMG that you moved from your home in Ireland so that you could maximise the returns to your creditors. Now, I know in April 2012 that the London court ... NAMA presented a note which read, "DG also explained that his residency in Switzerland provided comfort and protection to him from writs/summonses being served." Further, in an article-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Marc MacSharry: When one has a commercial relationship with NAMA, or they're with NAMA, are they prohibited from buying or selling property in Ireland?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Marc MacSharry: Is it your view that all people who have commercial relationships with NAMA, in the interest of full recovery for the taxpayer, should pay everything they owe?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Marc MacSharry: No, I can't ask about specifics, so I'm asking generally, just. So I'm asking generally: do you feel that it's reasonable that NAMA, on behalf of the people, should expect to get full payment?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Marc MacSharry: Are you aware - I'm not talking about your own scenario - but would you be aware of any developers who, in co-operating with NAMA ... who are presiding over NAMA disposals which they were involved in, are retaining portions of that property or side deals or kickbacks for themselves?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Marc MacSharry: Yes. Can I ask what impact, in the general sense, transfer of loans into NAMA has had on your business?

Committee of Inquiry into the Banking Crisis: Nexus Phase (9 Jul 2015)

Marc MacSharry: With respect ... with respect, this is question No. 2 of the legal people's own questions. So, you know, one wonders what we're doing here today if we can't discuss NAMA. Mr. Quinlan has very kindly come along to assist us in our endeavours on behalf of the people. When legal's own questions themselves are now being ruled out, one can hardly be wondering why, you know, I can ask no...

Committee of Inquiry into the Banking Crisis: Nexus Phase (8 Jul 2015)

Marc MacSharry: ...there any indications as to the scale of large loan exposures involving a small number of borrowers - for example, 70% were €50 million or more in value - or was this not clear until the later NAMA, kind of, analysis?

Committee of Inquiry into the Banking Crisis: Nexus Phase (24 Jun 2015)

Marc MacSharry: Okay. At what point, post-nationalisation, did you become aware of the extent of debt concentration to a small number of debtors and were there any indications of this debt concentration prior to NAMA acquiring the portfolio?