Results 41-60 of 103 for nama speaker:Brian Stanley

Public Accounts Committee: 2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020 (7 Oct 2021)

Brian Stanley: ...later that the State could have built it for about half that amount. The company that the OPW partnered with, Spencer Dock Development Company, went into liquidation and had to be bailed out by NAMA. This entity here, the Oireachtas, had to rent back, or pay a charge - some people dispute the use of the word "rent" - of €25,000 a day for it afterwards. The Limerick tunnel is...

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: We will engage with witnesses from the National Asset Management Agency, NAMA, this morning. Today's meeting will focus on NAMA's financial statements 2020 and the Comptroller and Auditor General's special report 111, on NAMA's progress in the achievement of its objectives at the end of 2018. We are joined remotely from within the precincts of Leinster House by the following NAMA officials:...

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: Deputy McAuliffe is as láthair as well and Deputy Carroll MacNeill has not joined us yet but may later. I have a few questions for Mr. McDonagh myself. On the overall performance of NAMA, the €74.4 billion was the par value of the loans at the point when the agency acquired them. It got them at a 60% or 57% discount and €31.8 billion was the cost in public money. Mr....

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: Okay, that has been explained clearly. What Mr. McDonagh is telling me is the Troika basically told the Government, which in turn told NAMA, to get on with the sales and the agency lost €4 billion in the first three years. It is generally accepted, if you look at the trajectory for property prices and value over, say, the past ten years, that there has been a fairly rapid rise back...

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: Given the hit that the taxpayer took, the conclusion must be that at best NAMA is achieving just under 50% of the par value of the loans. The net result is the taxpayer, the public, still needs to bridge that gap and pay that back. Our children and our children's children will pay it back. That is the point I am making. I take on board what Mr. McDonagh said about the amateurs. The banks...

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: How many vacant homes does NAMA have at the moment?

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: How many vacant housing units, finished or partially finished, does NAMA have on hand at the moment?

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: It was revealed this morning that 1,400 NAMA units are in Housing for All. Obviously, NAMA has been dealt the hand it was given on this one. The fact that they are already in the social housing stock is disappointing to say the least. Some Deputies have indicated they wish to come back in. Deputy Catherine Murphy has three minutes.

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: I thank Mr. McDonagh. We will return presently to other Deputies who might have follow-up questions. To return to the overall sums, the par value is €74.4 billion, having been bought by NAMA for €31.8 billion. The agency has a surplus of €4.2 billion and that will, one hopes, go closer to €5 billion, although that still leaves us in the region of almost...

Public Accounts Committee: NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General (30 Sep 2021)

Brian Stanley: I will conclude. I thank the witnesses for joining us today and the staff in NAMA for the work involved in preparing for the meeting and the information provided today. I also thank the Comptroller and Auditor General, Mr. McCarthy, and his staff for attending and assisting the committee's work. Is it agreed to request the clerk to follow up on information and carry out any actions...

Public Accounts Committee: Business of Committee (28 Sep 2021)

Brian Stanley: .... The next matter on the agenda is the work programme. An up-to-date work programme has been circulated. Members will note that representatives from the National Asset Management Agency, NAMA, will be before the committee on Thursday to discuss NAMA's 2020 financial statements and special report 111, which concerns progress on the achievements of NAMA's objectives as at the end of...

Public Accounts Committee: Business of Committee (21 Sep 2021)

Brian Stanley: ...onto that. We have our second meeting with the HSE on its 2020 financial statements this Thursday morning at 9.30 a.m. The following week, on 30 September, we will engage with the National Asset Management Agency, NAMA, on its 2020 financial statements and special report 111 which concerns NAMA's progress on achievement of its objectives. At the end of the month, the Comptroller and...

Public Accounts Committee: Business of Committee (29 Jan 2021)

Brian Stanley: ...to come before the committee we can see the information he has. Is that agreed? Agreed. Next is No. 304B, which is from an individual dated 20 January 2021 raising concerns with regard to NAMA and its adherence to statutory provisions. As I understand that the previous Committee of Public Accounts in the Thirty-second Dáil wrote to NAMA regarding this matter and forwarded NAMA's...

Public Accounts Committee: Business of Committee (29 Jan 2021)

Brian Stanley: My note states that the previous Committee of Public Accounts dealt with this matter. It wrote to NAMA with regard to it and forwarded the agency's response to the committee. I propose to advise the correspondent accordingly.

Public Accounts Committee (2 Dec 2020)

Brian Stanley: ...the correspondence, and we now move on to the work programme for the months ahead. Some of our upcoming engagements are displayed on the screens. Tomorrow we will be launching our report on NAMA's 2019 financial statement and also the Report No. 109 of the Comptroller and Auditor General, which concerns Project Nantes. On 9 and 10 December, we will have further engagement over two...

Public Accounts Committee (2 Dec 2020)

Brian Stanley: ...other issues members want to raise in the remaining minute or two? Members are all happy enough. Tomorrow we will launch the report on the engagement with the National Asset Management Agency, NAMA, at 11.30 a.m. As that is not a formal meeting of the committee, this meeting is adjourned until 4.30 p.m. on Wednesday, 9 December, when we will engage with the Department of Justice.

Public Accounts Committee: 2019 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Housing, Planning and Local Government (Resumed)
Chapter 11 - Social Housing
Chapter 12 - Land Aggregation Scheme.
Chapter 13 - Pyrite Remediation Scheme. (26 Nov 2020)

Brian Stanley: ...list and we do not have answers for such people. They are trapped for years. There are lands available. There are seven land aggregation scheme sites in County Laois, where they are transferred over into the NAMA for local authorities. They are there. Some of those sites are suitable. I also bring Mr. O'Connor's attention to a site being purchased by the local authority in...

Public Accounts Committee: Business of Committee (18 Nov 2020)

Brian Stanley: ...meetings of the committee. No. 179 was held over from the previous meeting and is from Ms Mary Lawlor, senior communications and public affairs manager of the National Asset Management Agency, NAMA, and it is dated 28 October 2020. She is providing information requested by the committee on Project Nantes, arising from a meeting on 8 October 2020. I propose to note and publish the...

Public Accounts Committee: Business of Committee (18 Nov 2020)

Brian Stanley: ...who have been made redundant. This item has been raised. The union alleges that the company that employed the workers has maintained that it was finding it difficult to operate because it needed NAMA’s authority to do its day-to-day work. As the letter is to NAMA and there is no specific request to the committee, it is proposed to note this item. Deputy Carthy had flagged this.

Public Accounts Committee: Business of Committee (18 Nov 2020)

Brian Stanley: The correspondence states that they cannot buy a bag of cement or shovel without the authority of NAMA. I am sure that is overstating it a bit but they are trying to make a point in the correspondence.