Results 101-120 of 246 for nama speaker:Kieran O'Donnell

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: ...spent acquiring the development lands. Page 28 of Mr. Crawley's briefing states the authority spent approximately €50 million acquiring development land sites that were subsequently transferred to NAMA at a value of €7.85 million. This represents another loss, of €42 million. The sum of €35 million and €42 million is €77 million, which...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority
Annual Report and Financial Statements 2012 (6 Feb 2014)

Kieran O'Donnell: What losses were made on those on the transfer to NAMA by the DDDA?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Kieran O'Donnell: The property was occupied by An Garda Síochána. This was not a vacant site. The Department was extremely lucky that NAMA was formed. If NAMA had not been formed, it would have had money going out of the State purse. That €31.5 million could have been used for day-to-day services within relevant Departments but it has now gone into NAMA. What due diligence was done at the...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 6 - Land Swap Arrangement in the Provision of Affordable Houses
Vote 13 - Office of Public Works (30 Jan 2014)

Kieran O'Donnell: When Ms Tallon looks back on that, was it the correct approach? People have differing views on NAMA but, if it had not been established, some €31.5 million of taxpayers money would have gone directly to a private source, not back into NAMA, which is effectively owned by the taxpayer. The structure of the deal was such that he got a value that was the market value at the peak. What...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: While I accept Mr. McDonagh's point, there is a slight difference in that NAMA is a separate vehicle established and paid for by taxpayers. It us ironic that half of IBRC's loans went to NAMA.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: That is correct but they would be non-development loans. What IBRC loans transferred to NAMA?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: This was an issue among members of the public when NAMA was established.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: What has been the turnover of staff in NAMA?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: What controls are in place to prevent an individual from going to NAMA, purporting to act for himself or herself, to buy the loan and subsequently selling it on to the previous debtor?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: Mr. McDonagh will appreciate that the original intention during the passage of the NAMA legislation was that NAMA would never be a conduit for people who had loans transferred to NAMA to buy them back at a significantly discounted value through circuitous routes. That feeds into undervaluation.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: While I know the National Asset Management Agency has a job to do in obtaining value for taxpayers, a moral issue also arises. NAMA must be vigilant about its procedures.

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

Kieran O'Donnell: I thank the Chairman and welcome the representatives of NAMA and the Department of Finance to this meeting. To put this in context, NAMA as a financial entity has had an enormous impact on Ireland Inc. Our role as a committee is to examine the use of taxpayers' money. I note in his statement that Mr. Mc Donagh said that he and his colleagues built the organisation, but it was built with...

Public Accounts Committee: Business of Committee (19 Dec 2013)

Kieran O'Donnell: The matter needs to be clarified. The fact that NAMA's representatives can come in before the end of the week is very important. An invitation should be issued by the clerk to the committee to that effect. We should deal with the matters relating to the HSE and the Mater hospital today.

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Kieran O'Donnell: In terms of the IBRC and the valuation of the loans, what is NAMA’s involvement in the valuations at which the loans are being taken over? What is NAMA’s general view on that? NAMA has €4.1 billion in cash at the moment. What does it intend to do with it? I would also like an indication in terms of the SME sector. The availability of office accommodation arises in...

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Kieran O'Donnell: Will Mr. McDonagh indicate the difference in the percentage relating to performing loans between the time NAMA commenced operations and now? That is the first figure I would like to establish because, as with any business, I would like to carry out a comparative analysis. Obviously, this is the taxpayer's business.

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Kieran O'Donnell: What is NAMA's current cash balance?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Kieran O'Donnell: I wish to focus on the payment of dividends. How much has been paid to the covered institutions - the banks - in respect of NAMA bonds to date?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Kieran O'Donnell: Will Mr. McDonagh outline the process by means of which the taxpayer will see a return from NAMA by the target date of 2020? Ultimately, NAMA is underwritten by the taxpayer. Is that correct?

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Kieran O'Donnell: Therefore, the first time the taxpayer will see any return from NAMA will be when it is wound up----

Public Accounts Committee: Annual Report and Financial Statements 2012: Discussion with National Asset Management Agency (26 Sep 2013)

Kieran O'Donnell: Can the private investors sell their 51% shareholding in NAMA?