Results 141-160 of 194 for nama speaker:Marc MacSharry

Committee of Inquiry into the Banking Crisis: Nexus Phase (14 May 2015)

Marc MacSharry: They're better. Okay. When NAMA acquired loan portfolios from AIB, NAMA imposed a haircut of 40% of the nominal loan ... on the values of the assets at the particular time. Were you satisfied with the valuation methodology used by NAMA in assessing the value of AIB land and development loan book and the potential impact on subsequent provisioning?

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Apr 2015)

Marc MacSharry: Yesterday we had an example from the CEO of NAMA where he spoke anecdotally of a senior lender in an institution that was nameless, lending €200 million to somebody on the basis of a statement of affairs that was handwritten and put back into his pocket in a matter of months.

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Marc MacSharry: In terms of his testimony today, Dr. Bacon has clearly indicated his belief in the correct nature of the establishment of NAMA. He suggested that short-term debt recovery versus the realisation of the long-term value to the taxpayer may be debated. Is he of the view that if more capital had been available to NAMA in respect of work-outs rather than disposals, it could have given rise to...

Committee of Inquiry into the Banking Crisis: Context Phase (4 Mar 2015)

Marc MacSharry: In A Contribution to the Debate on National Economic Recovery, Dr. Bacon refers to the potential for NAMA to be part privatised to an international private equity investor.

Committee of Inquiry into the Banking Crisis: Context Phase (25 Feb 2015)

Marc MacSharry: ...assets in order to keep privately-owned equity capital in the banks from collapsing in value. Can he discuss that in a little more detail? What is his opinion of how the Government used NAMA to take over distressed assets in Ireland and does he consider that a more optimal approach could have been taken?

Seanad: Order of Business (2 Dec 2014)

Marc MacSharry: ...As we saw with the terrible loss of Jonathan Corrie's life this week, this matter requires immediate action. One wonders where the social dividend is from the 2,000 units that were to be available from NAMA since 2012. How many boarded-up units do we have in local authorities throughout the country, where councils do not have the money to do up such facilities to accommodate people...

Seanad: Order of Business (Resumed) (7 Oct 2014)

Marc MacSharry: ...if finance was available for developers to use land, I would agree that we should encourage them to build houses. However, this is not possible because most of the land is under the control of NAMA and local authorities so it is fantasy and nonsense from the Minister, Deputy Kelly. I agree wholeheartedly with a previous speaker with regard to a deposit of 20% for buying a house. Who are...

Seanad: Upward Only Rent (Clauses and Reviews) Bill 2013: Second Stage (2 Oct 2013)

Marc MacSharry: ...by which we can achieve the objective for which we all yearn. Senator Zappone pointed out that the National Asset Management Agency is the largest property owner in Ireland and perhaps the world. What is NAMA doing on the issues of empty premises, enforcing rents and so forth? What is it doing in cases where holders of leases are in arrears? Is there any engagement? Is anyone saying...

Seanad: An Bille um an Dara Leasú is Tríocha ar an mBunreacht (Deireadh a Chur le Seanad Éireann) 2013: Céim an Choiste (Atógáil) - Thirty-second Amendment of the Constitution (Abolition of Seanad Éireann) Bill 2013: Committee Stage (Resumed) (10 Jul 2013)

Marc MacSharry: ...entrepreneurial salaries. The Seanad has had some big legislative successes over the years, such as with regard to equality legislation in the early 1990s, and there have been many examples since. The NAMA legislation was amended by the Seanad. The Seanad debated the legislation for 70 hours and could have spent another 70 hours trying to get it right. It is delinquent in the extreme as...

Seanad: Domestic Violence: Motion (8 May 2013)

Marc MacSharry: ...but we must be more innovative in our approach. The housing eligibility issue is crucial for women who have had to leave the family home and the issue of provision of refuges could be addressed by dealing with NAMA, even if on a temporary level.

Seanad: Irish Bank Resolution Corporation Bill 2013: Committee and Remaining Stages (6 Feb 2013)

Marc MacSharry: ...situation, albeit abruptly done this evening as a result of the leak, and it was known this was to be done, was provision made to adequately look after those people who would not be employed by NAMA or by the liquidator to carry out these functions under new conditions and contracts? Will there be some form of a scheme to look after those people who will not be re-employed along similar...

Seanad: Unfinished Housing Developments: Statements (13 Jul 2011)

Marc MacSharry: ...at the same time gaining solutions to the problem of how best to deal with these estates nationwide, many of which are the subject of receivership at present while others are involved directly with NAMA. An attempt should be made to embrace such an approach. While I have the Minister of State's attention, I wish to raise another planning-related issue. I note that last April, Wicklow...

Seanad: Seanad Reform: Motion (15 Jun 2011)

Marc MacSharry: ...political system as a whole. Senator Bacik mentioned the 1,900 amendments to legislation, with one of the higher profile changes being that on discrimination on age. There were many others. The NAMA legislation debate in this House led to several adjustments in the Dáil. The late Brian Lenihan would have acknowledged that. If there is a challenge to us, it is to convince the...

Seanad: Announcement on Banking by the Minister for Finance: Statements (20 Oct 2010)

Marc MacSharry: ...again and that we must make sure we will have a fund big enough to buy us out of it. Would it not better to focus on preventing it ever happening again? Many tranches have been transferred to NAMA, but I understand none of the NAMA bonds has issued. Could this, potentially, strangle the ability of banks to make available what little money they have to the small businesses and families...

Seanad: National Economy: Statements (30 Sep 2010)

Marc MacSharry: ...guarantee, there is much talk suggesting we must have known about the solvency-capital situation. At that time, the only talk was about liquidity. As soon as it became evident, when we set up NAMA and began following the PwC and other reports to look under the bonnet of these reckless institutions which were backed up by a reckless national and international regulatory regime, we took...

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2010: Motion (29 Sep 2010)

Marc MacSharry: ...taken here in terms of fiscal rectitude, trying to rehabilitate the banking system, facing up to the difficult mistakes made in the past and capitalising the banks with the establishment of NAMA. We need to reassure the markets of our determination to deal with these problems in an authoritative and definitive manner. Following the work of the next couple of days, we must ensure various...

Seanad: Order of Business (7 Jul 2010)

Marc MacSharry: ...are implemented quickly and are built upon with the final report to be issued later. I share with others the great concern regarding the accuracy of the information provided by some of the banks to NAMA. It is a disgrace. We should have a debate on it in the House. I am glad to hear the Minister, Deputy Lenihan, this morning moved to tell the public that if inaccuracies have been...

Seanad: Order of Business. (1 Jul 2010)

Marc MacSharry: ...way to bring that budget - €15 billion of the people's money - back under the control of the people, the Houses of the Oireachtas and the Government. I fully agree that we should debate the new NAMA business plan, which was recently provided to the Minister. NAMA's first formal report was made available to him in recent weeks. An early date for a debate on these matters would be welcome.

Seanad: Order of Business. (22 Jun 2010)

Marc MacSharry: ...-founded, the prevention of family home repossessions group, is most anxious to see some tangible actions which will give protection to primary family residences. This is not to pay mortgages or a NAMA for the people but rather legislation to provide people with the dignity to pay their own bills and innovative ways and time in which to do so. The expert group has had adequate time to...

Seanad: Banking: Statements (31 Mar 2010)

Marc MacSharry: ...scale of what happened. Besides, a stopped clock is right twice a day. Senator Norris often quotes Professor Brian Lucey, the respected economist and associate professor of Trinity College, on the NAMA project.