Results 61-80 of 84 for nama speaker:Micheál Martin

Leaders' Questions (14 Jul 2015)

Micheál Martin: ...Minister did not alert anybody here that there were serious issues surrounding the sale of the Northern Ireland loan book. By any definition, it was a serious issue that such a senior adviser to NAMA on the Northern Ireland loan book and who was on NAMA’s Northern Ireland advisory committee was subsequently playing a central role in doing the deal.

Leaders' Questions (14 Jul 2015)

Micheál Martin: There are also concerns about the interaction between the Northern Ireland Executive and NAMA. The Minister for Finance had five contacts, namely, three meetings and two telephone calls, with Northern Ireland politicians on the sale of the NAMA loan book. That is separate from the biannual meetings between Northern Ministers and their counterparts in the Republic. This is a concern,...

Leaders' Questions (14 Jul 2015)

Micheál Martin: Is the Taoiseach not concerned about this? Why was it that, when the Minister for Finance was informed of this serious development with NAMA ,that the entire sales process was not withdrawn?

Leaders' Questions (7 Jul 2015)

Micheál Martin: It notified NAMA about the unsolicited attention and, as part of its due diligence process, pulled out because of concerns that it had. NAMA has confirmed that Pimco's compliance staff discovered that its proposed fee arrangement with US law firm Brown Rudnick also included the payment of fees to Tughans and a former external member of NAMA's Northern Ireland advisory committee. This is in...

Leaders' Questions (7 Jul 2015)

Micheál Martin: ...and it is not the subject of a routine audit. The timeline is very important. The fee arrangement mentioned by the Minister necessitated the withdrawal of Pimco was brought to the attention of NAMA by Pimco, by the way. No auditor or anybody else discovered that. Representatives of Pimco went to NAMA and indicated that its compliance personnel were very concerned about the unsolicited...

Leaders' Questions (7 Jul 2015)

Micheál Martin: I am sure the Minister, Deputy Bruton, will agree at this stage there has been enormous concern about the sale of NAMA's Northern Ireland loan book to Cerberus Capital Management. This was raised in the Dáil last week by Deputy Mick Wallace, who raised serious concerns and made serious allegations. We know BBC Northern Ireland has carried out an extensive investigation in a programme...

Financial Resolutions 2015 - Financial Resolution No. 3: General (Resumed) (15 Oct 2014)

Micheál Martin: ...is an area in which the Government has finally woken up to a crisis that it allowed to develop.  The rental market has been made unsustainable and core supply has been neglected.  Ministers took an approach to NAMA which focused on selling off properties as quickly as possible and ignored any wider social needs. Housing has had a Labour Party Minister at Cabinet for three and a...

Leaders' Questions (18 Dec 2013)

Micheál Martin: ..., it appears as though people are hiding something and using freedom of information mechanisms to prevent material from getting out. The Taoiseach said the Garda was awaiting information from NAMA on this issue. For how long has it been doing so? When does NAMA expect to be in a position to co-operate fully? The Taoiseach referred to the Comptroller and Auditor General. The latter...

Leaders' Questions (18 Dec 2013)

Micheál Martin: In the past few days in the media and elsewhere there have been very serious allegations made about NAMA and its operations. My colleague, Senator Darragh O'Brien, has come to possess material, about which he has spoken in the Seanad and which he will be sending to the Garda Síochána. I understand from media reports that a dossier on the behaviour of a previous employee has been...

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Micheál Martin: ...in 60 seconds. The Taoiseach delivered a lengthy speech, which I outlined, in which he attacked all of these powers. I ask the Minister to explain the Pauline conversion to the virtues of NAMA experienced by Deputies on the Government side.

Irish Bank Resolution Corporation Bill 2013: Second Stage (6 Feb 2013)

Micheál Martin: ...the risk to the €14 billion in assets. As Deputy Michael McGrath noted, in principle and apart from an prospective deal, we have no objection to the winding up of the IBRC and its absorption into NAMA. Nevertheless, I welcome the conversion to NAMA by the Taoiseach and others as I remind them that when the body was established, he used some very colourful language to describe it....

Order of Business (20 Dec 2012)

Micheál Martin: I seek clarification from the Tánaiste. Under section 221 of the National Asset Management Agency, NAMA, Act it is an offence to attempt to lobby NAMA. The penalty on conviction of that offence is a fine of €1,000 or six months in prison. I am not suggesting there was any interference with or lobbying of NAMA but the issue raised today, following a freedom of information...

Parliamentary Reform (27 Mar 2012)

Micheál Martin: ...prevention even though she has no connection with that topic. In the same week the Minister of State with responsibility for European affairs, Deputy Creighton, responded to a topical issue on NAMA. Does the Minister of State accept that is not in accordance with what he outlined? The Taoiseach now spends less time dealing with Taoiseach's Questions than his predecessors - he now answers...

Leaders' Questions (14 Feb 2012)

Micheál Martin: The Taoiseach has asked us for solutions. Senator Averil Power spoke to the residents at last week's meeting. She told me that in Belmaine and Clongriffin there are currently many empty NAMA houses in estates. Surely some creative thinking can go into this whereby people could work with the city council, NAMA and others to do the humanitarian thing. This is an exceptional situation. I...

Leaders' Questions (8 Feb 2012)

Micheál Martin: ...at this stage is approximately €372,000. If this money was paid, the matter would be resolved. I accept that there are complications in the relationship involving the company, its owner and NAMA. It is clear, however, that moral responsibility lies with the owner. I am sure everyone would agree with me in that regard. Unfortunately, the initial intervention in the matter by the...

Leaders' Questions (8 Feb 2012)

Micheál Martin: ...in terms of lay-offs. Perhaps it highlights the need to review the mechanisms in place to see whether they are fit for purpose, particularly where there is the added complication of there being a NAMA dimension. This issue is worth reviewing in the broader extent. With regard to the immediate problem at Vita Cortex, will the Taoiseach keep in his frame of reference the possibility of...

Employment Rights (11 Jan 2012)

Micheál Martin: I thank the Minister of State for his reply. I rang the Minister for Finance before Christmas and he got the Chairman of NAMA to ring me and he said that it would be ultra vires of NAMA to become involved. I would like to get the precise legal basis under the Act upon which it cannot get involved. Having said that, the responsibility lies with the employer. Getting a solution to this for...

Employment Rights (11 Jan 2012)

Micheál Martin: ...it only deals with the statutory element, none the less it will be an important dimension to help the situation in which the workers find themselves. I do not place the ultimate responsibility on NAMA, but none the less workers are watching bigger fish in the NAMA field, much bigger deals are being done in terms of hundreds of millions of euro and they are at a loss to understand how...

Programme for Government: Motion (15 Mar 2011)

Micheál Martin: ...proposes to do about this. There is nothing new in committing to a smaller banking system - this is happening and it is inevitable. The restructuring and recapitalisation to be enabled by NAMA has been thrown into considerable doubt, with the nature of which assets, if any, are to be transferred being unclear. The objective concerning medium-term financing is something which is shared by...

Banking System: Motion (30 Mar 2010)

Micheál Martin: The overall NAMA solution has received significant national and international endorsement. Commissioner Almunia, in his previous role as Commissioner for Economic and Monetary Affairs, stated that NAMA should be approved as quickly as possible. That was in October last. In his current role as Competition Commissioner he approved NAMA last Friday. Of the investment community 80% of...