Results 181-200 of 386 for nama speaker:Catherine Connolly
- 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)
Catherine Connolly: So Project Eagle was the sole work that Lazard has done for NAMA.
- 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)
Catherine Connolly: At that point, did Lazard go back and say to NAMA that there had been a leak and more people were coming out of the woodwork-----
- 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)
Catherine Connolly: Let us look at page 72 of the Comptroller and Auditor General's report at point 4.39, which says:Following the media coverage, NAMA and/or Lazard received enquiries from a further ten firms. Two of these – Goldman Sachs and Fortress – were allowed to enter the process. Lazard informed NAMA that it had excluded the other eight firms, seven of whom it said were well known to...
- 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)
Catherine Connolly: ...in the process who were told that only a limited number of parties would be included" and "Some firms appeared only to be interested in parts of the portfolio". There is no mention of not meeting NAMA criteria here.
- 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)
Catherine Connolly: We will not read it all. On 26 February 2014, NAMA e-mailed Lazard to inform Lazard that it had received two further inquiries. Lazard responded to NAMA the same day, saying:We know both of these firms well and hold them in high regard. However, our advice would be not to include them in the process on the grounds that we already have sufficient competition [nothing to do with criteria,...
- 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)
Catherine Connolly: ...was refused entry ... [I told him] it was closed to new entrants [on 27 February]. Frustration is expressed by the potential bidder "given their track record ... and their relationship with ... NAMA". The email continues: I didn’t say this to him but I recall discussing [Firm F] with you ... at the outset {This is Mr. Long's firm} but concluding that there were other firms who...
- 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)
Catherine Connolly: I thank Mr. Long for bearing with us. I know it is not easy. On the sale process, am I correct that Lazard received a verbal briefing from NAMA?
- 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)
Catherine Connolly: Had any written document been provided from NAMA at that point in relation to Lazard's role in the process?
- 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)
Catherine Connolly: That is okay. Lazard fleshed it out and returned it to NAMA. Was there any discussion on that document with NAMA?
- 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)
Catherine Connolly: Did NAMA make or suggest any changes to it?
- 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)
Catherine Connolly: Perhaps Mr. Long would avoid the history and tell me what changes were made by NAMA.
- 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)
Catherine Connolly: What did NAMA change?
- 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)
Catherine Connolly: Which investors did NAMA rank ahead of those selected by Lazard?
- 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)
Catherine Connolly: Was a letter or e-mail issued by NAMA setting out the issues on which it disagreed with Lazard?
- 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)
Catherine Connolly: What did NAMA change? Mr. Long spoke about ranking. I presume he was speaking in that regard about the ranking of bidders.
- 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)
Catherine Connolly: NAMA had a strong input into that.
- 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)
Catherine Connolly: Perhaps Mr. Long would listen again to my question. Of the three companies that Lazard put into the first round of bidding, which I think were Blackstone, Starwood and Oaktree, did NAMA have an input into that?
- 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)
Catherine Connolly: Did it change the proposal? Were those three companies chosen by Lazard or NAMA?
- 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)
Catherine Connolly: Did NAMA ever give Mr. Long a document and say "These are your instructions."
- 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)
Catherine Connolly: Did Mr. Long say there is no documentation from NAMA to him on bidders or anything else in relation to the sales process?