Results 21-40 of 71 for nama speaker:Shane Cassells

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

Shane Cassells: On the planning side, with the in-house consultation team NAMA has, what are the implications of the new planning framework for the agency's land? Mr. McDonagh talked about whether it is zoned or unzoned. We have the new regional economic strategies coming down the line, which will lead to significant dezoning in commuter belts where land was potentially overzoned. The impact of these...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

Shane Cassells: In terms of that good relationship, I assume NAMA has a good relationship with the senior planners who scripted that plan and that NAMA conveyed those thoughts to the planners.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report (20 Sep 2018)

Shane Cassells: We are told by the Department of Housing, Planning and Local Government that money is not a problem. We were told by NAMA that there was going to be upfront capital provided and a leasing arrangement with regard to working collaboratively with local authorities to try to realise the potential of 7,000 units, and they took up 2,717.

Public Accounts Committee: Business of Committee (17 May 2018)

Shane Cassells: There are issues with the Department of Justice, the Garda, the Department of Health and NAMA.

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Shane Cassells: ...such comments from the members. A seasoned Minister came into the Chamber tonight and spoke for 15 minutes. He has a cheek to attack the Chairman of the Committee of Public Accounts and to defend NAMA. It was unbelievable. NAMA did not need defending. It did plenty of that itself when the NAMA representatives came to the committee. They used a scorched earth policy of attacking the...

Report of the Committee of Public Accounts re National Asset Management Agency’s sale of Project Eagle: Motion (29 Mar 2017)

Shane Cassells: The Department of Finance officials were also well able to defend themselves and NAMA. If one reads the transcripts of those hearings, one would see a very certain point emanating from those meetings. When we came to our conclusions about procedurally inappropriate events, the language was very thin. It could have been a lot harder. Daniel McConnell from the Irish Examinerreported after...

Public Accounts Committee: 2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 34 - Environment, Community and Local Government (2 Mar 2017)

Shane Cassells: ...that is being made with the construction of homes on 73 sites, across 610 acres, that are now in the ownership of the State centrally as opposed to through the local authority system. This mini-NAMA scheme is positive because it gets bad land deals off the books of local councils. A landbank of 28 acres in the Farganstown area of Navan in my own county of Meath, which had been bought...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Shane Cassells: ...by Martin McGuinness and Peter Robinson. She credited Martin McGuinness for coming here, unlike Mr. Robinson. There are differences between the version of PIMCO and what we have heard from NAMA today but I acknowledge that NAMA representatives have come here twice, whereas PIMCO has refused to do so. On the PIMCO withdrawal, I note the difference between the words used by both sides....

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Shane Cassells: In a note, Tom Rice, the European legal counsel at PIMCO, stated it did not want to continue in a process with any degree of impropriety for PIMCO or NAMA and that PIMCO was willing to withdraw completely. At this point, Ronnie Hanna asked whether PIMCO had considered other options and when Tom Rice asked to which options he was referring, Ronnie Hanna asked if it could be shaped differently...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Shane Cassells: The Comptroller and Auditor General said nothing other than setting out the implications of both options available to NAMA. Does Mr. McDonagh accept that?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Shane Cassells: ..., you stated that you acknowledged there were technical breaches which you were examining with Cerberus. The Comptroller and Auditor General raised the processes, not just the discount rate, but NAMA is stating with one line that the position of the report is not sustainable.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Shane Cassells: In one line NAMA states that the rationale for the report's position was not sustainable but there is a lot more to this than the rate, as we have seen in all the hours of discussion here. The answers which have emanated from the questions this committee has asked have led to other avenues of discussion and other requests for information, with witnesses coming in from a whole sphere of...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (24 Nov 2016)

Shane Cassells: Mr. McDonagh said NAMA was not leaving easy money on the table and that other potential bidders would have spotted the chance for an easy killing. The Comptroller and Auditor General said the PIMCO bid for the top 55 assets was £59 above the NAMA net disposal figure.

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Shane Cassells: ...to something that has caused so much controversy, with a litany of possible background Machiavellian tactics in respect of this portfolio. It is not just Mr. Long who has said it. Repeatedly, NAMA officials who have appeared before the committee have spoken about the non-attractiveness of this portfolio, yet so many people believe it goes to the heart of so many things. It appears to be...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (22 Nov 2016)

Shane Cassells: ...to aspects of the political sensitivities as well. Will Mr. Long expand on that constant reference to the unique characteristics? Again, it is not just Mr. Long who has mentioned it. Senior NAMA officials who have appeared before the committee also mentioned it. It appears to be a get out of jail card. Everybody continues to refer to this as a unique project, as if it allows one...

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)

Shane Cassells: ...analysis pieces done recently in national newspapers on the work of this committee, in this respect berating members, including the Chairman, for some of the approaches and on their questioning of NAMA officials and other senior witnesses. When NAMA officials have attended these meetings, they has been quite strong in attacking back, in particular, in terms of PIMCO, as Deputy McDonald...

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)

Shane Cassells: ...- I think that is how it described it - of what was left, that was the motivation for the bundling of the assets. It felt the rump of what was left could not be worked out. That is what drove NAMA to the motivation for the opportunity to avail of an overall sale rather than a work-out. On that basis, Mr. McCarthy is asking for documentary evidence to show that is not the case. Would he...

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)

Shane Cassells: That comes back to the point that NAMA's failure with the procedural process leaves us with a whole raft of “what ifs” in terms of the questions Mr. McCarthy is raising. That is one aspect of its decision to go and pursue that strategy if it had not worked out. The points raised by Deputy Peter Burke are pertinent here in respect of the Minister for Finance and in terms of...

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)

Shane Cassells: The Comptroller and Auditor General has made a very forthright statement here this morning to the effect that it is not an accounting difference between his office and NAMA. He has said the difference is about economic decision making and how one makes choices about public resources. That is a very important statement because the dispute was characterised as simply a matter of accounting...

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)

Shane Cassells: ...to interrupt, but on that final point, is that where we are? Is the dispute about that, namely, that it could be the right decision, from a business point of view, to proceed and take a loss? NAMA is still contending that given the baseline figure that was set out it made a profit, not a loss. Are we arguing the toss of a coin on that point? Is that where we are?