Home News Speeches Senator Daly calls for a discussion on the NAMA Transparency Bill
Senator Daly calls for a discussion on the NAMA Transparency Bill PDF Print E-mail
Written by MD   
Wednesday, 29 June 2011 00:00

Will the Leader make time available tomorrow for a discussion in the House on the NAMA transparency Bill, which we intend to introduce? I do not doubt that my colleague from County Kerry, Senator Paul Coghlan, will be delighted to support legislation that aims to bring transparency to the way NAMA does its business. The Bill, which is very short, would require NAMA to publish on its website details of every property it controls, or in respect of which it has issued a loan. It would allow everybody to see what properties are available or for sale, what value has been placed on them, what loan was originally provided in respect of them, how they can be purchased, who the auctioneer is and, eventually, the sale price that is achieved. I hope Senators on the other side of the House will support this important legislation. I do not want everyone to come back in two years’ time to wring their hands and ask for a tribunal to be established. Rather than at some stage in the future wondering how it all went wrong, we should introduce a preventative measure now.

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