Seanad debates

Wednesday, 6 June 2012

NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage

 

6:00 pm

Photo of Paul CoghlanPaul Coghlan (Fine Gael)

Senator Daly refers to transparency when what he really means is revelations of commercially sensitive and confidential debtor information. I make this point while noting that NAMA is already subject to a high level of public accountability compared to other commercial semi-State bodies, reflecting the fact that it is managing a significant financial exposure on behalf of the taxpayer. Too many Members are willing to buy the line on transparency peddled by some, such as Senator Daly, without looking at the facts.

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