Written answers
Thursday, 27 February 2014
Department of Finance
NAMA Operations
Michael McGrath (Cork South Central, Fianna Fail)
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68. To ask the Minister for Finance when the National Asset Management Agency review will be completed; if he has issued any policy instructions to NAMA prior to the conclusion of the review; and if he will make a statement on the matter. [10230/14]
Michael Noonan (Limerick City, Fine Gael)
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As I outlined in Question 197 of 21st January 2014, my Department's review of NAMA is on-going, it cannot be completed until the final C&AG report has been received. I expect my Department's review of NAMA to be completed in the coming months.
In the context of this review, I have asked NAMA to evaluate their disposal timing and strategy in the context of current market demand and explore the advantages and disadvantages of accelerating its disposal strategy. No decision will be taken on this matter until I receive feedback from NAMA on these points and my Department's review has been completed.
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