Results 21-40 of 49 for nama speaker:John Deasy

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: So once NAMA has sold at a net loss of €280 million, it does not take a look at where the market has gone since and whether its methodology is correct.

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: By the time NAMA made the decision and when it came to selling this loan book - I was having a pint in Dungarvan - it would be fairly well known-----

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: ...in the Republic of Ireland and England. That did not just apply to residential property. Basically, people would know that. In respect of selling something like this, somebody might second guess NAMA and say that perhaps it should wait because everything had turned with regard to property prices, certainly when it came to residential property. Commercial values in Dublin at that time...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: ...him in any kind of political opinion. I know he said three or four weeks ago that he is planning to do the review. He has prepared and planned for that and it was in his schedule. From what NAMA has said document-wise and what the Comptroller and Auditor General has seen so far within the committee, are there issues that are of concern to him? A Member of this House has intimated that...

Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)

John Deasy: We are separating that. NAMA has done that and that is fair enough.

Public Accounts Committee: Business of Committee (18 Jun 2015)

John Deasy: In regard to issues arising from the minutes, last week I asked about the Comptroller and Auditor General's staff complement he had embedded in NAMA, on an ongoing basis since the NAMA Act and since NAMA was set up.

Public Accounts Committee: Business of Committee (18 Jun 2015)

John Deasy: Yes, I am sorry, it is not the US Marine Corps. Claims have been made recently in the media regarding fire-sales of NAMA assets. I am a member of the Committee of Public Accounts for four years and, since NAMA came in to this committee, the sale of assets and the timeliness of the sale of assets has been a point of debate. At the first meeting I made the case that, given the projections...

Public Accounts Committee: Business of Committee (18 Jun 2015)

John Deasy: The question then arises, from what the Comptroller and Auditor General has said, if he has a policy disagreement with NAMA, regarding the rate of return and how broad or narrow it should be - and he made that clear at the last meeting. In the special reports that have been completed, has he found any evidence of a fire-sale as such - maybe put the term fire-sale aside - has he found any...

Public Accounts Committee: Business of Committee (18 Jun 2015)

John Deasy: ...special reports, evidence of any particular, singular assets being sold at a rate that, in his opinion, would be too low? Can he confirm that he does have a difference of opinion with regard to NAMA's flexibility and that he believes NAMA could preserve that flexibility within the rates of return parameters which he suggested?

Public Accounts Committee: Business of Committee (11 Jun 2015)

John Deasy: I want to return to NAMA and an issue that was raised on the floor yesterday during the debate on IBRC. I have a question about the ongoing monitoring and oversight of NAMA by the Comptroller and Auditor General's staff. How many members of staff are embedded in dealing with NAMA on a permanent basis? What oversight, monitoring and reporting does this entail?

Public Accounts Committee: Business of Committee (11 Jun 2015)

John Deasy: -----when the NAMA Act was passed and enacted?

Public Accounts Committee: Business of Committee (11 Dec 2014)

John Deasy: The other side of that, of course, is that one is landing immediately after the NAMA officials with what could be a very powerful testimony. They may actually need an opportunity to think about what they are going to say. That is sensible.

Public Accounts Committee: Business of Committee (18 Sep 2014)

John Deasy: The future of NAMA needs to be looked into, whether it is to be subsumed into some other body or closed down. These are questions for the Department of Finance. If NAMA comes before the committee we should consider asking the Department of Finance to come in also.

Public Accounts Committee: 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 39 - Health Service Executive
Section 38 - Agencies Remuneration (3 Jul 2014)

John Deasy: ...in taking up positions at the level of pay that is presented to them. I hear it again and again at this committee, not just in regard to the health sector but also, for instance, in the case of NAMA, that organisations are finding they cannot hire or retain staff. There is a politically correct attitude out there that nobody should be paid over a certain amount and if a person is earning...

Public Accounts Committee: 2012 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 4 - Vote Accounting
Chapter 10 - Central Government Funding of Local Authorities
Chapter 11 - Costs of Land Remediation
Vote 25 - Department of the Environment, Community and Local Government (26 Jun 2014)

John Deasy: I thank Ms Moylette. I have one last question on NAMA. I do not know if anyone else has asked the question. NAMA comes before the committee all the time and we have inquired about social housing for some years. NAMA has been very slow to release properties. Could Mr. McCarthy give an explanation from the Department’s point of view as to why that is?

Public Accounts Committee: Business of Committee (10 Apr 2014)

John Deasy: Has NAMA provided an alternative?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

John Deasy: As far as investigations are concerned, Ms O'Reilly and the Garda Síochána are dealing with two. Are there any other investigations, internal or otherwise, going on in regard to NAMA or is that it?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

John Deasy: Again, with regard to recent press coverage, is there a senior Garda officer liaising with NAMA on these complaints?

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

John Deasy: ...the committee in September, we spoke at length about the fact that one of the biggest deterrents to passing on information is the threat of prosecution under the Official Secrets Act as well as the NAMA legislation and contractual arrangements and so on. It is fair to say many civil servants are covered by the Official Secrets Act, but most of these do not deal with billions of euro. I...

Public Accounts Committee: 2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012 (20 Dec 2013)

John Deasy: I will start with the issue of undervaluing of loans and the allegations in the media over the past few days. The flavour of the allegations consists of questions about whether NAMA systematically undervalued loans and manipulated the price it paid banks for bad loans that staff were encouraged to deliberately undervalue. Some of the other allegations are that former employees of NAMA - I...