Thursday, 22 November 2018

Questions (67)

Michael McGrath

Question:

67. Deputy Michael McGrath asked the Minister for Finance the number of NAMA loan sales that have been subjected to review by the Comptroller and Auditor General; the names of the loan sales; the amount of proceeds received from each loan sale under review by the Comptroller and Auditor General; and if he will make a statement on the matter. [48812/18]

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Written answers (Question to Finance)

The Comptroller and Auditor General is independent in the exercise of his functions and therefore my Department does not have access to the information requested. 

The C&AG does report publicly on material findings emerging from his work. Chapter 6 of the C&AG's second progress report on NAMA, published in June 2018, examined the processes applied by NAMA in eleven loan sales, covering the period 2011 to 2016. The C&AG also published a special report on the Sale of Project Eagle which examined the loan sales process for a portfolio of Northern Ireland debtor loans.