Dáil Éireann Debate, Tuesday - 10 October 2017
24. Deputy Mick Wallace asked the Minister for Finance if he will publish the seven yearly reports regarding NAMA's use of post acquisition powers submitted to the European Commission and Irish competition authorities in each of the years 2010 to 2016; and if he will make a statement on the matter. [42471/17]
View answerI wish to advise the Deputy that as outlined in my response to Dáil Question No. 80 of 26 September, 2017, a stipulation of the European Commission's decision, of 26 February 2010, on the, "Establishment of a National Asset Management Agency NAMA: Asset relief scheme for banks in Ireland", (Ref: State aid N725/2009 - Ireland), was a requirement that the Irish authorities, "report on a yearly basis on the use of such post acquisition powers to both the Commission and the Irish competition authorities (paragraph (74)vii.7)".
As was outlined in my response to this question, a total of seven reports have been prepared and submitted to the European Commission and the Irish Competition Authorities for the years 2010-2016 inclusive, outlining that NAMA is in full compliance with the requirements of the decision. I wish to advise the Deputy that these reports were prepared specifically for these bodies and supplied under an obligation of confidentiality, as they contain sensitive information about NAMA’s operations. As such, it is not possible to publish these reports.
