1 / 26

Presentation by Frank Daly Chairman, National Asset Management Agency to the

Presentation by Frank Daly Chairman, National Asset Management Agency to the British Irish Parliamentary Assembly 14 June 2011. Background - Property. 2. Background – Banking. 3. 3. Background – Banking (contd). 4. 4. Background – Regulatory/Fiscal. 5. 5.

shawna
Download Presentation

Presentation by Frank Daly Chairman, National Asset Management Agency to the

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Presentation by Frank Daly Chairman, National Asset Management Agency to the British Irish Parliamentary Assembly 14 June 2011

  2. Background - Property 2

  3. Background – Banking 3 3

  4. Background – Banking (contd) 4 4

  5. Background – Regulatory/Fiscal 5 5

  6. Response to banking crisis 6

  7. Response to banking crisis (contd.) 7 7

  8. NAMA core objective (NAMA Act 2009) NAMA will…protect or otherwise enhance the value of assets (transferred to it)… ..obtain the best achievable financial return to the State. Finite lifespan. NAMA Business Plan (July 2010): Projected gain of €1 billion over 10 years. 8

  9. Governance 9 9

  10. Staffing 10 10

  11. Accountability 11 11

  12. EU Oversight • EU State Aid EU Commission approved NAMA scheme – end February 2010. • Eligibility criteria - institutions and assets • Valuation Methodology EU also approves each tranche of loan transfers as it is completed. 12

  13. Loan valuation 13 13

  14. Loan acquisition 14 14

  15. Loan acquisition (contd) 15 15

  16. NAMA Balance Sheet 31 Dec. 2010 16

  17. Creation of liquidity 17

  18. Borrower Engagement 18

  19. Business Plan Process 19

  20. Key features of NAMA approach 20 20

  21. New money 21 21

  22. Common misconceptions about NAMA 22 22

  23. Common misconceptions about NAMA 23 23

  24. Common misconceptions about NAMA 24 24

  25. Progress 25 25

  26. Challenges 26 26

More Related