Seanad debates
Wednesday, 6 June 2012
NAMA and Irish Bank Resolution Corporation Transparency Bill 2011: Second Stage
6:00 pm
Paul 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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