Seanad debates

Wednesday, 6 June 2012

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

 

7:00 pm

Photo of Diarmuid WilsonDiarmuid Wilson (Fianna Fail)

-----as to what it is about. I listened with particular interest to Senator Coghlan's contribution and could not disagree with any part of it because it concurred exactly with what Senator Daly is trying to enact in this short Bill. For the benefit of Senator Coghlan, the Bill is: "An Act to provide that, in the interests of transparency, all relevant details of loans, properties or other assets offered for sale by or with the approval of NAMA or the Irish Bank Resolution Corporation be available to the public by means of publication on a website". That is all it attempts to do and I hope the Government may change its mind in this regard.

As an auctioneer, Senator Coghlan will appreciate, along with other colleagues, that transparency is very important, both for the auctioneer and the person selling the property and also for the person buying it.

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