Results 41-55 of 55 for nama speaker:Josepha Madigan

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)

Josepha Madigan: ...explain how people formed their views, should be provided. Mr. Daly offered that to this committee when he appeared before us. Does Mr. Collison share that view and is it something that he thinks NAMA will consider doing into the future? It is important from the taxpayers' perspective that we have an idea of how decisions were reached, in terms of transparency and accountability.

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)

Josepha Madigan: I have a difficulty - perhaps Mr. Collison will clarify - with NAMA's assessment of itself. We have all heard the phrase, "self praise is no praise". In terms of the credit grading, for example, Mr. Collison spoke about 76% being applied to Project Eagle, as the lower debtor credit rating and 36% for the rest of the NAMA portfolio. Is NAMA itself reaching those conclusions? Who is...

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)

Josepha Madigan: It is NAMA itself that -----

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)

Josepha Madigan: Are they within NAMA itself?

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)

Josepha Madigan: So, apart from the Comptroller and Auditor General coming in and conducting an independent report on that, there is nobody to say that the process is correct or incorrect, other than NAMA itself.

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)

Josepha Madigan: ...rate, which Mr. Collison said was, in his view, appropriate given the characteristics of the portfolio. That is why that rate was used. I have a difficulty with self-evaluation, not just for NAMA but for other institutions too because the taxpayer likes to know that when one is talking about due diligence and best practice that it is actually done as opposed to being simply talked about....

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (6 Oct 2016)

Josepha Madigan: ...a Minister has appeared before the Committee of Public Accounts. Deputy Brendan Howlin, I believe, was the last Minister to do so. It is evident from the Minister's clarifications today that NAMA is an independent commercial entity, and it is very important that the committee understand that. The import of the NAMA Act is very clear in that regard, and I very much welcome the...

Public Accounts Committee: Business of Committee (29 Sep 2016)

Josepha Madigan: Was NAMA offering this meeting to everybody or just to certain individuals?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: ...? How can one arrive at that conclusion? I seek a little assurance on that point. It is my understanding that the key information missing is that there were no property valuations in respect of NAMA. Does Mr. McCarthy believe this was the most detrimental element that was missing? Is it his view that the properties were undervalued? If that is the case, on what does he base that view...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: In those circumstances, Mr. McCarthy should be afforded the opportunity to respond to NAMA's-----

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: ...by Mr. Daly's statement that running a commercial entity involves making commercial decisions. That is all fine and well if it is the local sale of work but in this instance we are speaking about NAMA. I find it very difficult to listen to what Mr. Daly and Mr. McDonagh are saying today, with respect, vis-a-visthe report from the Comptroller and Auditor General. It strikes me that there...

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: Is it correct that the asset recovery section of NAMA agreed the valuations or approved the portfolio?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: I have only a few more questions. How does NAMA respond to interested parties regarding the lack of information and time to consume what is available in respect of the bidding process? Does Mr. Daly accept the resulting concerns about competitiveness?

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: We have gone into the minutiae in respect of the difference of opinion and some of my colleagues have asked Mr. Daly whether he accepts that NAMA has engaged in any wrongdoing with Project Eagle. He said, "None whatsoever".

Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (29 Sep 2016)

Josepha Madigan: Notwithstanding the sale being expedited, Mr. Daly maintains NAMA got good value for money.