Results 61-80 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) (13 Oct 2016)

Bobby Aylward: ...not know much about the University of Ulster report before today. It appears to be significant, yet no one has seen it, other than members of the advisory committee who saw it privately. Should NAMA have looked at it more? I presume considerable finance and research went into the report which was never used. If the committee had access to it, it would have a better insight into the...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Bobby Aylward: As did everyone else, I welcome the Minister. I thank him for coming before the committee and fair play to him for being here. Given NAMA's autonomy, and it has its own business to do and no one can interfere and there can be no political interference, the only body that really can question it and have oversight of it is the Office of the Comptroller and Auditor General in its report, and...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Bobby Aylward: ...from the Department of Finance cannot interfere in the autonomy of sales. If the Minister or the officials saw something wrong can they, under the remit, move in and state it is not right or ask NAMA to stop?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Bobby Aylward: ...of the revelation by PIMCO, it is unclear why the Irish Government’s Minister for Finance, Michael Noonan, did not intervene at this point, by exercising his general powers of direction over NAMA to suspend the sales process until matters were investigated fully". The committee also noted that:Minister Noonan did not inform the Northern Ireland Executive of this development. In...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Bobby Aylward: The first one concerned the issue of the exercise by the Minister of his general powers of direction over NAMA to suspend the sales process.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Bobby Aylward: The third criticism is that the Minister did not encourage NAMA to attend the oral hearing of the committee.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Bobby Aylward: The Deputy knows that when NAMA is invited in here, it comes in or does not come in but it is not my business to tell people to come in or not.

Written Answers — Department of Finance: IBRC Loans (6 Oct 2016)

Bobby Aylward: ...associated with the Whitfield Clinic; details of other bids to IBRC associated with IBRC's sale of the loans associated the Whitfield Clinic in Waterford; the total of any monetary proceeds paid to NAMA by the special liquidator to IBRC in excess of the independent valuation in relation to the Whitfield loans under the exceptional liquidity assistance facility in the IBRC Act; and if he...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: On the strategy used by NAMA, the report mentions the political and cross-jurisdictional context and states that the relationship with Northern Ireland debtors was deteriorating. Do we know why the relationship with Northern Ireland debtors was deteriorating? I understand the political dimension as it pertains to the Republic and Northern Ireland.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: I know. I just thought I would push it in there as a question. It is unbelievable that two institutions of the State, the Comptroller and Auditor General and NAMA, are here today and the second of these, NAMA, is saying the Comptroller and Auditor General is inexperienced and his report has a narrow interpretation of its situation. Does Mr. McCarthy feel that is unfair? Does he feel it is...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: Will this have implications for the future? The Comptroller and Auditor General will continue to audit, so will it have personal implications for NAMA and his office?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: To go back to the sequence of events again, PIMCO was the original bidder. It wanted a closed sale. NAMA rejected that. It was still in the running until NAMA found out about the success fees. Then, according to the delegates' own evidence today, NAMA excluded it. Whether it was excluded or it withdrew or it was requested of them is still open to interpretation.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: It was Fortis. Sorry, I did not know that. That explains it. NAMA made a big play about the Comptroller and Auditor General's refusal to meet NAMA board members. The witnesses argue it was wrong and it would have made a difference if there had been a meeting. Will they elaborate on that? What difference would it have made to the Comptroller and Auditor General? He gave reasons today...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: One of the last statements today from the Comptroller and Auditor General came when he was asked by the Chairman about the method used and his opinion on the procedure followed by NAMA in the sale. He stated something along the lines of he did not think it was the best practice and a better method or system could have been used. What is the delegation's take on that? Have they anything to...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: I do not think, as I said, what Mr. Daly is saying back to me is relevant. Mr. Daly has said several times that NAMA followed the best possible practice in the sale, that there is nothing to be gained or learned out of this and that the Comptroller and Auditor General's opinion is just his opinion. NAMA just dismisses it and says it has nothing to learn.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: NAMA has no evidence.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: It is not NAMA, but it is-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: I was not trying to infer that NAMA was being investigated. However, part of Project Eagle is being investigated, which is all interconnected.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: NAMA will co-operate with any inquiry and make any information available to help an inquiry if it is set up.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Bobby Aylward: Are they NAMA's own solicitors?