Written answers

Tuesday, 27 September 2016

Photo of Marc MacSharryMarc MacSharry (Sligo-Leitrim, Fianna Fail)
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178. To ask the Minister for Finance if NAMA consulted or liaised with his Department or him on reports (details supplied); the nature of any contact on to these draft reports; if he will publish details of any and all interactions relating to these reports; and if he will make a statement on the matter. [26812/16]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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My officials meet with NAMA executives on a monthly basis to discuss NAMA's current and expected performance, as well as any other topical issues, while respecting NAMA's independence. Through these engagements, my Department was aware that NAMA had received drafts of, and provided feedback on, the Comptroller and Auditor General's (C&AG) Special Report "National Asset Management Agency's sale of Project Eagle".  My officials would have been generally aware of NAMA's reservations regarding the report as they developed during the process between the C&AG and NAMA.

Officials from the Office of the C&AG also met with officials from my Department, at an early to stage of the review process in November 2015.

Following a number of months of engagement between the C&AG and NAMA, and as the Deputy will be aware from the C&AG's report, Department of Finance officials were consulted, provided feedback, and engaged with the C&AG on the final two drafts of the report from late May 2016.

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