Results 81-94 of 94 for nama speaker:Stephen Donnelly

Leaders' Questions (11 Feb 2014)

Stephen Donnelly: ...for his reply, but if I were one of these families I would be despairing at that answer. We do know what is going to happen. We know that none of the domestic banks will buy the loans. If NAMA buys them, if Apollo buys them or if some vulture fund in New York buys them, none of the potential buyers is covered by the Central Bank regulations. We know that to be the case, so a "wait and...

Leaders' Questions (17 Dec 2013)

Stephen Donnelly: It seems to me – many Deputies in the House would agree – that an organisation as powerful as NAMA, dealing with such sensitive information, should never have been set up under the veil of secrecy that prevails. I accept that it was not set up by the Government. The Garda will investigate the allegations and if it deems it appropriate a file will be prepared for the Director...

Leaders' Questions (17 Dec 2013)

Stephen Donnelly: Today's Irish Independent contains a report that a dossier has been presented to the Garda Commissioner on the conduct of a previous employee of NAMA. It indicates the dossier includes an allegation that the official fed information from NAMA to named individuals who should not have received it. The Irish Daily Mail also references very serious allegations of price manipulation and...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Disposal of State Assets and Quarterly Review: Discussion with Minister for Public Expenditure and Reform (19 Jun 2013)

Stephen Donnelly: I referred to economists. The field of economics can take a decent stab at putting financial values on non-financial items. I have had the same debate with NAMA on how it conducts its valuations. Consequently, I wish to ascertain whether this was purely a financial analysis or a broader economic analysis that would include public value, private value and so forth. I will not go back into...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Non-Disclosure Provisions Under the Freedom of Information Act: Discussion with Information Commissioner (5 Jun 2013)

Stephen Donnelly: I agree. I would like to address two recommendations. One relates to NAMA and the other to the credit institutions scheme, both of which relate to the Department of Finance. Her recommendation is that both institutions are covered by FOI within the protections of the Act. Can we start with the credit institutions scheme? I guess I have the same question on each. I will give her an...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Non-Disclosure Provisions Under the Freedom of Information Act: Discussion with Information Commissioner (5 Jun 2013)

Stephen Donnelly: ...;100,000 five years ago is commercially sensitive. That is an example of what I am dealing with as a parliamentarian. I am interested in hearing her view about the type of information relating to the NAMA and the credit institutions scheme that should be covered by FOI but is not currently covered and the recommendation in her report.

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Freedom of Information (Amendment) Bill: Discussion with Minister for Public Expenditure and Reform (10 Jan 2013)

Stephen Donnelly: ...from the heads of the Bill to the draft Bill. The first is the bodies that are included. It is fantastic that the previous exclusions are being included. The National Asset Management Agency, NAMA, has been discussed at this committee many times. The level of secrecy around it is very unhealthy. The same applies to the National Treasury Management Agency, NTMA. I understand that...

Social Welfare Bill 2012: Second Stage (Resumed) (12 Dec 2012)

Stephen Donnelly: ...in the country. Both of these regressive measures will hit the most vulnerable hardest. Why does the Minister not means test child benefit? The Government says that is not possible. It can set up NAMA, invent promissory notes, figure out how to tax everybody's house, but it cannot means test child benefit. Why does the Government not introduce a progressive income tax? Fine Gael...

Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Statement of Strategy 2011-2014: Discussion with Department of Finance (7 Nov 2012)

Stephen Donnelly: I have a final question. The National Asset Management Agency, NAMA, was not mentioned in Mr. Moran's presentation and statement. Can he explain what level of oversight of NAMA the Department has and what resources it has for that oversight?

Written Answers — National Asset Management Agency: National Asset Management Agency (25 Apr 2012)

Stephen Donnelly: ...Dáil Éireann on 16 March that the money which we accessed for bridging finance from the National Assets Management Agency was money which is due to be repaid to the ECB for the loans it gave to NAMA to acquire the impaired assets in the bank; if he will confirm that this is the case; or if it is the case that the NAMA issued bonds are redeemable in 2020 and not before; if there is a...

Written Answers — National Asset Management Agency: National Asset Management Agency (24 Apr 2012)

Stephen Donnelly: ...Finance with regard to scrutiny of the National Assets Management Agency by the Office of the Comptroller and Auditor General, the number of staff in the office that are assigned to scrutiny of NAMA; if the office has employed external consultants, advisors or agencies in the process of its scrutiny of NAMA, and if so, the number of same and the cost; and if the office, or external agents...

Banks Recapitalisation (18 Apr 2012)

Stephen Donnelly: ..., Mr. Honohan, earlier in the week and the story he gave us of what he believed would happen was substantially different to what we are hearing in terms of the detail now. There was no mention of NAMA or Bank of Ireland.

Commission of Inquiry into Banking Sector: Statements (20 Apr 2011)

Stephen Donnelly: ...was mentioned in the programme for Government should be established as a matter of urgency. The Government could take out insurance on the remaining bank liabilities, the commercial loans, the non-NAMA development loans and the mortgages. I propose the removal of the senior teams from the banks. Clearly, that is not happening at the moment. Deputy Shane Ross spoke well on this matter....

Bank Reorganisation: Statements (Resumed) (6 Apr 2011)

Stephen Donnelly: ...in the market. What is not included is the question of addressing some of the remaining bank liabilities, mainly the commercial debt, mortgage debt and developer debt which has not gone into NAMA. There are two obvious options in this regard, namely, to move these off balance sheet into a NAMA-type structure or to take out some large-scale insurance policies. I encourage the Government...