Written answers

Tuesday, 17 January 2017

Photo of Mick WallaceMick Wallace (Wexford, Independent)
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81. To ask the Minister for Finance if he will consider suspending all operations of NAMA pending the outcome of all current investigations into the sale of Project Eagle by NAMA, including those by the National Crime Agency, Securities and Exchange Commission, the FBI and the Committee of Public Accounts; and if he will make a statement on the matter. [1720/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As, I have stated on a number of occasions, mostly recently in Parliamentary Question 21 of 10th November 2016, I have no intention of directing NAMA to halt its activities.  To do so would irreparably damage NAMA's positive contribution to our recovery and damage our reputation as a credible, open and transparent market. By extension, any such interference would be detrimental to the interests of Irish taxpayers.

I do not believe any of the investigations referenced by the Deputy have concluded but, to my knowledge, none are questioning the integrity of the NAMA Board.  In addition, the Public Accounts Committee's public sessions to discuss the C&AG's report on Project Eagle have concluded and I understand the Public Accounts Committee may choose to publish its views in this regard in the coming weeks.

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