Dáil Éireann Debate, Tuesday - 14 July 2015
274. Deputy Mick Wallace asked the Minister for Finance if he will provide details of all meetings that took place between his Department and the National Asset Management Agency's Northern Ireland advisory committee; and if he will make a statement on the matter. [28599/15]
View answerAs stated in my response to Parliamentary Question No 153 on 7th July 2015, there were no meetings between my Department and the Northern Irish Advisory Committee (NIAC) of NAMA.
I also advised in the same response that the principal responsibility of the Northern Ireland Advisory Committee was to advise the NAMA Board in relation to strategy for its Northern Ireland assets. The Northern Ireland Advisory Committee was established with my agreement by the main NAMA Board and reported directly to the main NAMA Board.
I am advised that the NIAC had no role in relation to NAMA debtors or to the assets securing their loans; that no discussion of particular debtors or particular assets was permitted at NIAC meetings and that no specific information relating to debtors or assets was ever provided to external members of the NIAC. The NIAC had no decision-making powers.
The Deputy will note that the NAMA Board, with my agreement as Minister for Finance, having regard to the implications of the sale of the Northern Ireland loan portfolio for the Northern Ireland Advisory Committee, resolved to dissolve the Committee following its meeting on 8th September 2014.
