Results 141-160 of 207 for nama speaker:Catherine Murphy

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Catherine Murphy: Earlier, I asked the Comptroller and Auditor General a question regarding the role of his office in the day-to-day workings of NAMA because the impression was created during some earlier hearings, and explicitly again this morning, that the Comptroller and Auditor General had a large team in NAMA examining its every transaction. It is this "impression" I would like to focus on. In response...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (10 Nov 2016)

Catherine Murphy: ...to be left with them in 2018. The same set of circumstances apply. It truncates the timeline in which one can dispose of the assets. Did the Department, at any point, consider it in terms of NAMA's conduct regarding the disposal of assets and that it might have produced this kind of bundling of assets?

Written Answers — Department of Housing, Planning, Community and Local Government: Housing Data (3 Nov 2016)

Catherine Murphy: 84. To ask the Minister for Housing, Planning, Community and Local Government his estimate of the number of vacant dwellings currently under the control of banks, investment companies and NAMA in tabular form with a breakdown by location, institution type and bed spaces; and if he will make a statement on the matter. [33180/16]

Written Answers — Department of Public Expenditure and Reform: Lobbying Data (2 Nov 2016)

Catherine Murphy: 252. To ask the Minister for Public Expenditure and Reform if NAMA is subject to the Lobbying Act 2015; if it is required to submit a return if it lobbies a person; if it is required to submit a return if it lobbies a company or organisation; and if he will make a statement on the matter. [32712/16]

Written Answers — Department of Public Expenditure and Reform: Lobbying Data (2 Nov 2016)

Catherine Murphy: 254. To ask the Minister for Public Expenditure and Reform the number of returns made by NAMA under the Regulation of Lobbying Act 2015 since the legislation was enacted; and if he will make a statement on the matter. [32722/16]

Written Answers — Department of Public Expenditure and Reform: Lobbying Data (2 Nov 2016)

Catherine Murphy: 255. To ask the Minister for Public Expenditure and Reform the number of returns made in respect of NAMA under the Regulation of Lobbying Act 2015 since the legislation was enacted; the detail of the returns, in tabular form, broken down by years, individuals and organisations by name [32723/16]

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)

Catherine Murphy: On the Northern Ireland debtors, NAMA talks about the level of non-co-operation. Did that non-co-operation relate exclusively to assets that were in Northern Ireland or did it extend to where the assets were in different locations? Why would that have been the case?

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)

Catherine Murphy: The witnesses are very welcome. Mr. Soffe said in his statement that there was an obligation placed on NAMA by the Oireachtas to do its business commercially and expeditiously. NAMA also had a policy of openly marketing loan sales but it deviated from that with the Project Eagle sale. It was only very late in the day that other bidders were invited into the process and the timeline seems...

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)

Catherine Murphy: Was Lazard not brought in after PIMCO withdrew? If that is the case, it did not advise NAMA of it in advance. I think it would be fair to say it advised NAMA in hindsight. It has been suggested that Northern Ireland was a different category, but 50% of the assets associated with the loans were not based in Northern Ireland. Why were they not separated out? They would not have raised the...

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)

Catherine Murphy: Would Mr. McEnery accept that Lazard was brought in after the event? NAMA relies on it to say it advised, but that advice was provided in retrospect rather than in advance.

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)

Catherine Murphy: Mr. McEnery referred to Fortress as regretting that it did not make the reserve price. It was brought in very late in the day. Would that not have indicated to NAMA that there may well have been some value in dividing the loans at that stage to achieve a better outcome? Would that not have suggested to NAMA that the amount of time made available for Fortress and other bidders to consider...

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)

Catherine Murphy: Once the project was under way, interim reports were given to the Northern Ireland advisory committee and the NAMA board. Therefore, it is not true to say that the only sight that, for example, the likes of Frank Cushnahan would have had of the process would have been at the end of it. Mr. Cushnahan would not have had sight of it because he had left the advisory board but interim reports...

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)

Catherine Murphy: While I am sure that is of value to the Northern Ireland Executive and I accept it will have benefitted from the report, I would have thought the primary purpose of the report was to benefit NAMA rather than the Northern Ireland Executive. We heard from Brian Rowntree last week that he would not bid blind for something as big as Project Eagle and he thought it was unusual for a blind bid...

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)

Catherine Murphy: I will now to turn to the terms of reference, how there are always conflicts of interest and how they are resolved in situations like this. With regard to the terms of reference for the NAMA board and for the consultative committee in Northern Ireland, given that there had been a declaration that Mr. Cushnahan had engagement with a number of large developers with loans, would that not have...

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)

Catherine Murphy: ...sale but Mr. Ellingham has just given the committee a different kind of take on it with regard to what the attitude might have been in Northern Ireland to having a large vulture fund instead of NAMA being involved. What led Mr. Ellingham to that conclusion? It was said, I think by Mr Ellingham, that it was a very difficult environment there, that it was the worst of the collection of...

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)

Catherine Murphy: ...the difficulties? Were there any internal political considerations in relation to that and around the culture of an American vulture fund coming in and being preferred in terms of dealing with 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)

Catherine Murphy: ...at practically zero. It is my understanding that there was sufficient space so there would not be a need for a fire sale so why the rush? I cannot figure out why there was a rush to sell. Was NAMA directly engaged with the ECB or was that through the Minister for Finance, or through the chairman? What was that relationship and was that the only imperative? These loans were supposed to...

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)

Catherine Murphy: To come back to corporate governance, in Mr. Rowntree's opening statement he said that NAMA as an organisation put in place a robust corporate governance framework. Is this method not at odds with the fact somebody on an advisory committee could operate for six debtors? Does this not show a flaw in corporate governance? Mr. Rowntree said he would not have sat on the committee.

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)

Catherine Murphy: To go back to the point made and expand on it little, with reference to page 17 of the review of the Northern Ireland Assembly Committee for Finance and Personnel of the sale of NAMA properties in Northern Ireland and the paragraph referenced earlier, which states the committee also noted from the BBC Northern Ireland "Spotlight" programme that Mr. Brian Rowntree stated:...that the NIAC...

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)

Catherine Murphy: Were some of these properties with loans in NAMA? I presume they were.