Results 101-120 of 386 for nama speaker:Catherine Connolly

Public Accounts Committee: Business of Committee (24 Nov 2016)

Catherine Connolly: I am disappointed that Mr. Robinson is not taking the opportunity to come down. They gave out about NAMA not attending before the committee in Northern Ireland. They said it would have been very helpful if NAMA had attended. I believe it would have been very helpful if NAMA had attended. Equally, I believe it would be very helpful if Mr. Robinson attended here. We are now placed in a...

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)

Catherine Connolly: ...second last sentence of the second last paragraph, Mr. McDonagh said "he is now saying that this higher discount rate would have been appropriate for potential buyers of the portfolio but not for NAMA as the seller." I would like clarification from the Comptroller and Auditor General on that. I do not think it is the position. On page 8 of his opening statement, Mr. McDonagh said 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)

Catherine Connolly: Yes. It reads: "NAMA's argument that a discount rate ... is not persuasive." The Comptroller and Auditor General is not arguing about figures. Rather, he writes that NAMA's argument of 10% is not persuasive. Let us be clear if we are to quote bit by bit.

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)

Catherine Connolly: That is the NAMA narrative. I have a completely open mind. I do not agree with the Chairman's analysis at this moment in time.

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)

Catherine Connolly: A report has been done and stood over by the Comptroller and Auditor General. NAMA is still giving the narrative when it appears before the committee. To reduce it to a word "probable" is not the issue in question.

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)

Catherine Connolly: ...with a particular narrative. I address my comments to the Chairman; I will come back with my questions. The comments have to be balanced. The narrative was written by certain witnesses from NAMA in regard to the percentage. It persisted with that narrative until today, and now we see some type of apology. There is no confusion in the minds of the people on the ground, except-----

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)

Catherine Connolly: ...and Auditor General twice whether he saw a need to change his report. He said "No". He said after careful consideration and all of the evidence he did not. If I am correct I understand that NAMA is accepting that today, but perhaps I am wrong. I will come back with my own questions. I wished to say that in the interest of balance.

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)

Catherine Connolly: ...when it comes to this matter. I thank the witnesses for attending here again. I shall refer to the minutes because, as I am sure the witnesses will agree, they are crucial in outlining what NAMA knew and did not know about PIMCO and what followed afterwards. Let me ask a few quick questions. NAMA gave no written instructions to Lazard. Is that correct?

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)

Catherine Connolly: I thought NAMA just gave it a verbal briefing.

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)

Catherine Connolly: I ask Mr. Daly to let me continue. Initially, no written document was given to Lazard. NAMA gave it a verbal briefing. Is that correct?

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)

Catherine Connolly: ...I am not drawing any conclusions. I am establishing facts. I have a completely open mind. I have a report from the Comptroller and Auditor General. I am listening and I am asking questions. NAMA gave a verbal briefing and it came back with its understanding of that. Is that correct?

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)

Catherine Connolly: ...answered and then Mr. Daly can take all the time under the Chair when he comes back to Mr. Daly to fill out anything. When Lazard came back with that understanding as set out on page 68, was NAMA happy with 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)

Catherine Connolly: Good. Did NAMA change anything?

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)

Catherine Connolly: Was there a change regarding its agreement? Did NAMA work with it on that agreement? Was it changed afterwards? Are there documents to show us?

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)

Catherine Connolly: What changes did NAMA make?

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)

Catherine Connolly: I just want the changes. I am not questioning anything NAMA may-----

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)

Catherine Connolly: Who did the NAMA internal contemporaneous minutes of 10 March, which were printed?

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)

Catherine Connolly: Look, it is very simple. NAMA gave us these. I am not-----

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)

Catherine Connolly: It seems PIMCO was calling NAMA urgently on Friday and NAMA waited until 4 p.m. on Monday.

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)

Catherine Connolly: It records that Ronnie Hanna "outlined that the Frank Cushnahan issue was a major issue for NAMA". This is the first record of a phone call. I will not use my time to read this out.