Seanad debates
Wednesday, 11 November 2009
National Asset Management Agency Bill 2009: Committee Stage (Resumed)
11:00 am
Eugene Regan (Fine Gael)
It is an interesting provision. We are discussing delegated legislation and it underscores the importance of compliance with EU state aid and competition law. We received confirmation from the Minister, Deputy Brian Lenihan, yesterday that all the valuation methods, the figure calculations and the assumptions must be verified by the European Commission and approved before this scheme proceeds. However, to remind this Government and its Ministers of their obligations to comply with the law is no bad thing.
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