Results 61-80 of 207 for nama speaker:Catherine Murphy

Public Accounts Committee: Business of Committee (11 Jul 2019)

Catherine Murphy: -----assets that are disposed of by NAMA. It was an enormous amount of money. The Minister is certainly not going to accede to a committee of inspection - I see the point - but there remains a deficiency in the oversight.

Public Accounts Committee: Business of Committee (11 Jul 2019)

Catherine Murphy: ...of the Department of Finance, which is audited by the Comptroller and Auditor General, but what would have been the difference between the Comptroller and Auditor General auditing this and auditing NAMA or being embedded in the same way? Would there have been a difference? Was the Office of the Attorney General even consulted?

Public Accounts Committee: Business of Committee (11 Jul 2019)

Catherine Murphy: As is NAMA.

Public Accounts Committee: Business of Committee (20 Jun 2019)

Catherine Murphy: Essentially, the legislation was presented in a particular light. The expectation was that anyone who was the original owner and transferred to NAMA would not become the beneficial owner again at a reduced price. That is shorthand for how it was presented. NAMA is probably being blamed for a shortfall in the legislation and in anticipating how things would play out. The public expectation...

Public Accounts Committee: Business of Committee (20 Jun 2019)

Catherine Murphy: It is important to say that although the Comptroller and Auditor General had a role, the primary role was for NAMA. The spirit of section 172 could never have played out, and NAMA would have seen that most directly. We have all been knocking on doors recently, and I have noticed a gap in the planning legislation in relation to strategic projects. It is a small thing but when one notices...

Public Accounts Committee: Business of Committee (20 Jun 2019)

Catherine Murphy: ...book value. That is not in the spirit of what was intended and it is certainly not how it was articulated publicly or to this House. I am not in complete agreement with Deputy MacSharry about NAMA. Soon after I came on to this committee, we had a few months of back and forth on Project Eagle and a report is bring done on Project Nantes. Some very good work was done by NAMA but there...

Public Accounts Committee: Business of Committee (20 Jun 2019)

Catherine Murphy: We might ask NAMA if it ever did that.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: IBRC Liquidation (19 Jun 2019)

Catherine Murphy: In many ways, it is a matter of how it is interrogated. For example, there is a fundamental difference between this and the handling of NAMA, where the Comptroller and Auditor General has a role. There are staff from the Office of the Comptroller and Auditor General embedded in NAMA. There is a degree of transparency regarding asset disposal owing to interrogation by a committee of the...

Public Accounts Committee: Business of Committee (13 Jun 2019)

Catherine Murphy: Did NAMA identify the issue or did the Comptroller and Auditor General find it?

Public Accounts Committee: Business of Committee (13 Jun 2019)

Catherine Murphy: When is it likely that a delegation from NAMA will come before the committee again?

Public Accounts Committee: Business of Committee (13 Jun 2019)

Catherine Murphy: An issue I have raised on previous occasions is that there has been only one complaint to An Garda Síochána under section 172(3) of the NAMA Act 2009. Do we have any way of finding out where it is in the system? It was a complaint submitted by an individual three years ago that an asset had been sold back to the connected person. NAMA did not accept that there was an issue. I am...

Written Answers — Department of Finance: EU Regulations (11 Jun 2019)

Catherine Murphy: 172. To ask the Minister for Finance the preparedness of his Department and NAMA to contribute to and comply with the European Union anti-money laundering beneficial ownership and corporate entities regulations 2019; the number of ultimate beneficial owners identified to date ahead of 22 November 2019; and if he will make a statement on the matter. [24086/19]

Written Answers — Department of Finance: NAMA Operations (22 May 2019)

Catherine Murphy: 83. To ask the Minister for Finance if NAMA recovered funds from a company (details supplied); and if he will make a statement on the matter. [22145/19]

Written Answers — Department of Finance: NAMA Investigations (26 Mar 2019)

Catherine Murphy: 210. To ask the Minister for Finance the number of complaints NAMA has received arising from alleged breaches of section 172(3) of the National Asset Management Agency Act 2009 since its enactment; the number of complaints under section 172(3) made in respect of loan sales and property sales; and if he will make a statement on the matter. [13443/19]

Public Accounts Committee: Business of Committee (6 Dec 2018)

Catherine Murphy: My understanding of this section of the NAMA Act is the original intention was that the Department would define and set out protocols but this did not happen and NAMA set out the protocols itself. Is the Comptroller and Auditor General satisfied they were as robust as they should have been? Would it have been better if they had been set for NAMA to follow? Should there have been other...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)

Catherine Murphy: ...adhere to that provision? There is quite a bit of anecdotal evidence - and I accept that it is anecdotal - that people are in possession of properties to which loans were attached who were former NAMA debtors and they were not the people who purchased them. I am aware of some of those instances and would be surprised if the Minister was not also aware of them.

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)

Catherine Murphy: 5. To ask the Minister for Finance his understanding of section 172 of the National Asset Management Agency Act 2009; if he is satisfied that in the case of a NAMA sale (details supplied) the interpretation of section 172 of the Act was correct; if questions have been raised by him regarding the application of section 172 in this particular case; if NAMA has sought to clarify its...

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)

Catherine Murphy: In the case of NAMA's sale of Project Nantes is the Minister satisfied that the interpretation of section 172 of the NAMA Act was correct? Were questions raised with the Department of Finance? Did NAMA engage with the Department on the interpretation in this particular case?

Ceisteanna - Questions - Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: NAMA Loans Sale (22 Nov 2018)

Catherine Murphy: When the NAMA Act was introduced was it not up to the Department to set out the criteria? If that is the case, why did it not happen? If it had happened, there would have been a separation. Is the Minister satisfied about the aspect of full disclosure? Surely the Minister or his officials have engaged with NAMA on the matter, given that it is controversial. This is not about interfering...

Public Accounts Committee: Business of Committee (22 Nov 2018)

Catherine Murphy: I am okay with that because it is neutral enough. The Taoiseach said in the Dáil yesterday that all of the NAMA surplus will be used to pay Government debt. That is the understanding of Government. I do not think it should be spent that way.