Results 41-60 of 83 for nama speaker:Bobby Aylward

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Bobby Aylward: The October paper noted that NAMA would only sell loans by way of open competition. Yet the December paper sought the board's guidance on whether to do a closed transaction with PIMCO. Why did NAMA change its stance on asset recovery?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Bobby Aylward: PIMCO's indicative bid for the top 55 properties, which were the cash ones was €950 million, which was higher than the €890 million that NAMA expected to sell the loans for. Will Mr. Collison explain this figure as it suggests that NAMA's projected disposal values were too low?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (25 Oct 2016)

Bobby Aylward: NAMA did not seek current property valuations for all its property and consequently had no estimates of what an investor might pay for the portfolio. The only guide to what a bidder might pay was the PIMCO bid. On what basis did the paper recommend a minimum of €1.3 billion?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: If NAMA still had the loan sale book in 2018, is it Mr. Soffe's professional opinion that Brexit would have a major effect on valuations?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: The witnesses referred to NAMA's engagement with the troika. Will Mr. Soffe elaborate on that? What engagement would the NAMA board have had with the troika over the time these sales books were being prepared?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: Was the troika putting pressure on NAMA?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: ...last week and I found him to be open, transparent and forward in his views. He was the first witness to come before us who was transparent and willing to answer every question we asked. However, NAMA has rubbished the evidence he gave to the committee. He said he had been a member of the NIAC and that what he termed "sensitive information" was put in front of him every day. As an...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: NAMA gave the University of Ulster €20,000 to compile this report. It must have put emphasis on it. When the report was produced, did it change the minds of board members on the loan portfolio? Did it have any bearing on the sale of the loan book afterwards-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: ...that, but I take a different meaning from Mr. Rowntree's comments last week. The Comptroller and Auditor General referred to the expected cash from debtors and loan workout value and said that if NAMA had held these loans, it was estimated that it would receive a net £1.68 billion in cash from the Project Eagle debtors between 2014 and 2020. This relates to selling assets in...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: I have another question. Mr. Soffe said in his opening statement, "... given the recent history of this island, it would have been unthinkable for NAMA to have ignored the impact of its actions on the Northern Ireland economy and on North-South relations", for political reasons and so forth. However, NAMA sold the portfolio to a private consortium, Cerberus. Once it was sold, NAMA had no...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: I hear that in the South when NAMA was involved there was some room for companies or private individuals, but now that Cerberus is involved it is coming to them with a heavy hand and is ignoring all of their pleas. Cerberus is there to make money and get out the door. Regardless of the way it makes it, it will make it and that is it.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: Perhaps that is the reason we will have three inquiries going on. Following on from Deputy Catherine Murphy's point regarding the relationship between NAMA and the debtors in Northern Ireland, it was stated that the relationship was poor and deteriorating all of the time. Some 50% of the loan book was in Northern Ireland. What percentage of that figure related to non-performing loans? I...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: As already stated, 50% of NAMA's portfolio was in Northern Ireland. I understand that 20% of its portfolio was in Britain, 7% was in southern Ireland and 8% was spread throughout the world and so on. I am talking about Northern Ireland and the political considerations and so on at the time.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)

Bobby Aylward: I find it hard to believe that debtors would prefer to deal with a vulture fund rather than an organisation like NAMA or the banks. Were there non-performing loans in Britain and southern Ireland?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Bobby Aylward: As has been explained already, the loan book was sold off instead of the assets. We have questioned representatives of NAMA and others. Does Mr. Rowntree believe that instead of selling the loan book in one big lump, it would have been better to sell the assets over four or five years? Would more money have been realised in the long term if it had been done gradually rather than selling...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Bobby Aylward: Instead of jumping at this loan book sale, should NAMA have examined alternatives? Would it have done better if it had considered a longer-term approach and looked at the bigger picture, rather than just taking this opportunity and getting rid of it all in one go?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Bobby Aylward: Could NAMA have done that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Bobby Aylward: One of the reasons NAMA gave for deciding to sell off the loan book was the deteriorating relationship with debtors and political considerations. Based on where he sits now, what does Mr. Rowntree believe it meant by that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Bobby Aylward: NAMA claimed that the relationship was deteriorating with debtors in Northern Ireland and that was one of the reasons it decided to sell the loan book in one go. It was also stated that there were political reasons involved. From Mr. Rowntree's perspective, in view of what is happening inside Northern Ireland, why would it claim that its relationship with debtors was failing? The political...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (13 Oct 2016)

Bobby Aylward: ...a member of an advisory board in Northern Ireland which had been in place for many reasons and having for many years advised on asset control and sales, all of a sudden the committee was dismissed, NAMA took a different route and the committee was forgotten about. That must have been disappointing for Mr. Rowntree who had been advising NAMA and had much goodwill towards the Northern...